Palm Coast Rowing Club Inc

Nonprofit profile at a glance

EIN
810799802
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025
Location
Palm Coast, FL, USA
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Swimming & Other Water Recreation

Reported finances

Revenue
$23,448
Expenses
$31,866
Assets
$59,485
Liabilities
$5,532

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

People named in this filing

  • Mark Heacock (PresidentDirector)
  • Alaine Donovan (Vice PresidentSecretaryDirector)
  • Kathleen Vacchelli (TreasurerDirector)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Corporation is organized exclusively for charitable and educational purposes within the meaning of Section 501c3 of the Internal Revenue Code of 1986 as amended or such corresponding sections of any future federal tax code the Code and to foster local national or international amateur rowing competition within the meaning of Sections 501c3 and 501G of the Code including for all such purposes making distributions to organizations that qualify as exempt organizations under Section 501c3 of the Code. To the extent consistent with the preceding sentence and permissible under Florida law the purposes of this Corporation shall include but shall not be limited to the following purposes: i supporting and developing amateur athletes for local national or international rowing and other paddling water and related amateur sports competition; ii fostering amateur rowing through education and instruction; iii implementing effective educational programs sports

What it reported doing in 2025

Rowing club providing education and recreation in the sport of rowing including technique sportsmanship integrity and teamwork. These programs are for juniors age 12 to adults over the age of 80. These include learn to row programs to ongoing education and training. Approximately 35 people benefited from the programs in 2025.

Operating model

Revenue model
Membership-supported. 96% of the money available for current operations came from membership dues.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 34
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -35.9%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 1.87; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: -8.3% per year; rating input score 0; 27th percentile among comparable filings
  • Asset growth: 26.8% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.