Propeller Club of the United States Port Port of Galveston No 10
Nonprofit profile at a glance
- EIN
- 741893791
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024
- Location
- Galveston, TX, USA
- Phone
- 4096216017
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $133,428
- Expenses
- $120,710
- Assets
- $227,840
- 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
- EDDIE JANEK (PAST PRESIDENT)
- MICAH MORRIS (PRESIDENT)
- ERIC FROESCHNER (SECOND VICE PRESIDENT)
- ERICK STRAMBLAD (FIRST VICE PRESIDENT)
People named in this filing
- EDDIE JANEK (PAST PRESIDENT)
- JOHN SCHWARZ (CLUB INVESTMENTS)
- ALBERT CHOATE (BOARD OF GOVERNORS)
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
To promote and support the united states merchant marine and allied industries; to meet the requirements of national security and economic welfare; and to promote waterborne commerce and the marine industry in all its segments.
What it reported doing in 2024
Monthly meetings and an annual convention to promote the organization's primary exempt purpose, approximately 150 members
Operating model
- Revenue model
- Earned-program. 81% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and total assets are large relative to annual expenses, but may not be spendable cash. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 15
- Transparency & Controls: 82
- Sustainability: 66
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 24.3%; rating input score 24
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 9.5%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 1.89; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 8.5% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 24.3% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 8 filing years from 2016 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 24/100.
- Review — Sustainability: Operating margin scored 57/100.