Peak Sports Academy
Nonprofit profile at a glance
- EIN
- 474602998
- IRS 990 coverage
- 2022–2022
- Forms available
- Form 990 2022, Form 990-EZ 2021, Form 990-N 2016
- Location
- Norwalk, IA, USA
- Phone
- 5156814929
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Soccer
Reported finances
- Revenue
- $206,110
- Expenses
- $198,761
- Assets
- $116,054
- Liabilities
- $9,204
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Tim Hugunin (President)
Highest reported compensation
- Mark Gavin (Director of Coaching): $10,237 total reported compensation
- Jessica Seeley (Registrar): $4,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promoteyouthsocceratahigherlevel
What it reported doing in 2022
Recreational Level Soccer
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 100
- Accountability: 74
- Sustainability: 38
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.9%; rating input score 96
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.6%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 7.2%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 23.2% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 26.8% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 95.9% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $199K in reported program spending
- Leadership: top reported pay $10K · 6 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- 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 — Accountability: Governance controls: 5 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 49/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.