Rotary Foundation of New Albany Inc

Nonprofit profile at a glance

EIN
263946335
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-N 2010
Location
New Albany, IN, USA
Phone
5025523015
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Service Clubs

Reported finances

Revenue
$39,142
Expenses
$50,341
Assets
$65,834
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • JIM PLITZ (VICE PRESIDENT)
  • MATT MILLIES (PAST PRESIDENT)
  • SUZANNA JACOBSON (PRESIDENT ELECT)
  • CORY COCHRAN (PRESIDENT)

People named in this filing

  • JIM PLITZ (VICE PRESIDENT)
  • MATT MILLIES (PAST PRESIDENT)
  • SUZANNA JACOBSON (PRESIDENT ELECT)

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

The organization holds an annual community toast to honor an outstanding citizen of floyd county, Indiana in order to raise funds to support to various 501(c)3 organizations in floyd county and provide scholarships for individuals.

What it reported doing in 2024

Contributions to various 501(c)3 organizations and student scholarships.

Operating model

Revenue model
Donor-supported. 79% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -28.6%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 1.31; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 8.3% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 17.7% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 20.3% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $50K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 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 — Sustainability: Operating margin scored 19/100.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.