OPTIMIST INTERNATIONAL Optimist Club of Glen Lake

Nonprofit profile at a glance

EIN
416037377
IRS 990-EZ coverage
2015–2024
Forms available
Form 990-EZ 2024
Location
Minnetonka, MN, USA
Phone
6127416038
Rating
39
Verdict
REVIEW
Rating confidence
Moderate

Reported finances

Revenue
$46,990
Expenses
$38,193
Assets
$123,090
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • wade wessels (president)
  • jim hennningsen (vice-president)

People named in this filing

  • wade wessels (president)
  • jim hennningsen (vice-president)
  • joe Ruckert (director)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Support of youth in community the club donated 35176 to organizations the benefited clubs in our area. these included hop police in support of sch pat program, scholships for 2 graduating hi sch seniors mtka hi for super car mileafe and senior serv hop ed foundation and senior party mtka pol dept, glen lake gal and might mites hopkins area little leag wrestling boosters, n\, dance team, womens soccer, fb booster girls golf boys hockey, mtka boys vb st louis pk vb boosters, boy scouts resourcewest open hands foundation mtka dream makers opt foundation, essy and speech contests, gatewood element, hop rugby, mtka turkey trot boy scouts

What it reported doing in 2024

Support youth and activities hop pol school pat1600 hop sen schol 2000 mtks su mil500 mtka se serve 1000 hop ed foun 750 gat elem 1000 gal 2500 might mites 1000 hal 1000 hop rugby 2000 hop wrest 2000 hop nor ski 3000 hop dance 1500 hop wm soc 3000 mtka boy volly 1000 hop gil golf 1000 mtka turk trot 1000 boy and cub scout 4660 res west 3100 myka dream mak 602 ess cont 500 orat cont 315 mn fine arts 107

Operating model

Revenue model
Other-operating. 75% of the money available for current operations came from other operating revenue.
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

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. 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: 0
  • Transparency & Controls: 82
  • Sustainability: 71
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 18.7%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 3.22; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -68.9% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 4.9% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.