Remedy Records Inc
Nonprofit profile at a glance
- EIN
- 453781004
- IRS 990-EZ coverage
- 2012–2014
- Forms available
- Form 990-EZ 2014
- Location
- Gillette, WY, USA
- Phone
- 3076829339
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Reported finances
- Revenue
- $2,001
- Expenses
- $2,220
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- MICHAEL J ELMORE (PRESIDENT/SECRETARY)
- MICHAEL ELMORE (VICE PRESIDENT/TREASURER)
People named in this filing
- MICHAEL J ELMORE (PRESIDENT/SECRETARY)
- MICHAEL ELMORE (VICE PRESIDENT/TREASURER)
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 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support wounded veterans
What it reported doing in 2014
Michael j. Elmore wrote, performed and recorded songs that are rooted in his military experience. After his honorable discharge from the marine corps, michael took his savings to nashville to create a high quality recording. The result was the cd "reckoning." michael has transferred all of his right, title, and interest, present and future, in the recording "reckoning" to remedy records, inc. Remedy records, inc. Will receive all proceeds from the sale of the recording, as well as any royalty payments. The net proceeds will be used by remedy records, inc. For charitable purposes, focusing on wounded veterans. Remedy records, inc. Will expend its resources to assist veterans and their families who have been impacted by the military service of themselves or their family members.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 20
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.1%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -10.9%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -30% per year; rating input score 0; 17th percentile among comparable filings
- Revenue growth: -25.1% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -74.7% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2012 to 2014
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.