Old Palm Harbor Main Street
Nonprofit profile at a glance
- EIN
- 593683895
- IRS 990-EZ coverage
- 2009–2010
- Forms available
- Form 990-EZ 2010
- Location
- Palm Harbor, FL, USA
- Phone
- 7277861600
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $92,028
- Expenses
- $69,896
- Assets
- $17,581
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
4 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
This volunteer group, comprised of palm harbor area citizens and businesses, is working with pinellas county government and the national main street program to assist in the development of downtown palm harbor streets and landscaping and maintenance of county buildings used by the community and managed / maintained by this organization.
What it reported doing in 2010
Promote and develop the downtown area of palm harbor including the historic district by hosting events inviting the 60,000 people living in the community of palm harbor.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 82
- Sustainability: 44
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.7%; rating input score 44
- Program expense ratio: 57.5%; rating input score 57
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 24%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: 0% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 21.1% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: -16.9% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 43.7% of revenue deployed · 57.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $40K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2009 to 2010
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.