San Mar Holdings Inc
Nonprofit profile at a glance
- EIN
- 522300555
- IRS 990 coverage
- 2012–2023
- Forms available
- Form 990 2023
- Location
- Boonsboro, MD, USA
- Phone
- 3017339067
- Rating confidence
- Limited
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $-10,521
- Expenses
- $1,018,911
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- KEITH FANJOY (CEO)
- MARK HALSEY (PRESIDENT)
Highest reported compensation
- KEITH FANJOY (CEO): $128,475 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To hold title to real estate for the benefit of san mar, inc and its designees and to pay all net revenues to san mar, inc. And its designees.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
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: 70
- Transparency & Controls: 100
- Accountability: 79
- Sustainability: 4
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 94.1%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -9,784.5%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 2%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 44.4% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: -8.2% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 94.1% of spending went to programs
- Governance: 12 of 12 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $959K in reported program spending
- Leadership: top reported pay $128K · 13 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 6 filed schedules · includes grants
- Filing history: 12 filing years from 2012 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 filed related-organization links
- 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.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 20/100.