Remax of Midland Balloon Fest D/b/a Midland Balloon Festival
Nonprofit profile at a glance
- EIN
- 300506700
- IRS 990-EZ coverage
- 2010–2022
- Forms available
- Form 990-EZ 2022
- Location
- Midland, MI, USA
- Phone
- 9894884311
- Rating confidence
- Limited
- Sector
- Community Service Clubs
Reported finances
- Expenses
- $2,905
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- SCOTT STROUSE (PRESIDENT)
People named in this filing
- WAYNE CROSBY (DIRECTOR)
- SCOTT STROUSE (PRESIDENT)
- JILL STROUSE (SECRETARY)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the education of hot air balloons and balloonists.
What it reported doing in 2022
Remax balloon fest - three day event that is free to the public; however, festival attendees are encouraged to bring canned food as their price of admission. The canned food is then donated to local food banks. Several thousand cans of food are donated. The balloonists also visit, with their balloons, various schools, nursing homes and organizations to teach about the science of ballooning.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 55
- Sustainability: 10
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 66.7%; rating input score 67; 1st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: -14.1% per year; rating input score 0; 53rd percentile among comparable filings
- Revenue growth: -13.8% per year; rating input score 0; 51st percentile among comparable filings
- Asset growth: -16.2% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $3K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 3 of 3 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2010 to 2022
- 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 — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.