SI Wave VBC

Nonprofit profile at a glance

EIN
853314678
IRS 990-EZ coverage
2021–2022
Forms available
Form 990-EZ 2022
Location
Pinckneyville, IL, USA
Rating
39
Verdict
REVIEW
Rating confidence
Moderate
Sector
Amateur Sports

Reported finances

Revenue
$83,492
Expenses
$73,170
Assets
$12,202
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • Nicholas Ramsey (Club Director)
  • Joshua Konkel (Assistant Club Director)
  • Autumn Konkel (Communications Specialist)

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

SI Wave was created to provide local athletes an additional opportunity to improve their volleyball skills and make new friends while doing so. We feel players should have the opportunity to play the game they love and continue to improve without an overwhelming time or financial commitment.

What it reported doing in 2022

Our goal at SI Wave is to hone raw talent to maturity with quality coaching intense drills and a true love of the sport. We instill teamwork perseverance sportsmanship in 50+ youth athletes in 3rd-8th grades during summer camp.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
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

REVIEW - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 1
  • Transparency & Controls: 82
  • Sustainability: 49
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 1.2%; rating input score 1
  • Program expense ratio: 1.4%; rating input score 1

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 12.4%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 0% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: -20.4% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: 146.6% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 1.2% of revenue deployed · 1.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $1K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2021 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 — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Financial Efficiency: Program expense ratio scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.