Optimist Foundation of the Beaches Inc
Nonprofit profile at a glance
- EIN
- 593452094
- IRS 990-EZ coverage
- 2012–2017
- Forms available
- Form 990-EZ 2017
- Location
- Panama City Beach, FL, USA
- Phone
- 8509608560
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Men's Service Clubs
Reported finances
- Revenue
- $66,826
- Expenses
- $75,261
- Assets
- $91,026
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- RANDOLPH PHILLIPS (President)
People named in this filing
- RANDOLPH PHILLIPS (President)
- JIM BLANCHARD (Director)
- BILLY HENDERSON (SECRETARY/TREAS)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide the youth of panama city beach Florida with college scholarship opportunities and other programs that enhance educational, emotional and cultural growth of youth
What it reported doing in 2017
To provide college scholarships to youth
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.8%; rating input score 75
- Program expense ratio: 66.4%; rating input score 66
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -12.6%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 1.21; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 22.5% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 14% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 74.8% of revenue deployed · 66.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $50K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2012 to 2017
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 27/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.