Raider Sailing Foundation

Nonprofit profile at a glance

EIN
933706958
IRS 990-EZ coverage
2023–2023
Forms available
Form 990-EZ 2023
Location
Spokane, WA, USA
Phone
5099940316
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Official website

Reported finances

Revenue
$108,950
Expenses
$6,032
Assets
$102,918
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • ERIK THORLEIFSON (EXECUTIVE DIRECTOR)

People named in this filing

  • ERIK THORLEIFSON (EXECUTIVE DIRECTOR)
  • MICHAEL TOBEY (DIRECTOR)
  • JOSH JAMISON (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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To empower combat veterans through transformative experiences that rekindle the camaraderie and purpose found in close-knit teams. Through dynamic sailing adventures, we facilitate the reintegration of teams of veterans into a supportive community. Our mission extends beyond recreation, as we partner veterans with experienced sailing captains to elevate the sport of sailing and build an environment of enduring connections and personal growth.

What it reported doing in 2023

Run by volunteer leadership and captains, raider sailing provides fully funded trips to veterans onboard a sailing vessel where the group will learn sailing and boat fundamentals. The trips will place participants back in a team environment where their individual skills are needed.after the trips, participants who have found a passion for sailing will be matched with sailing opportunities and captains so that they can continue learning and participating in the sport of sailing. Formal sailing education scholarships will be available.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 100
  • Sustainability: 92
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.5%; rating input score 6
  • 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: Yes; rating input score 100

Sustainability

  • Operating margin: 94.5%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 17.06; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 5.5% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $6K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • 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 6/100.