Skyway Marina District Inc
Nonprofit profile at a glance
- EIN
- 463985829
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Saint Petersburg, FL, USA
- Phone
- 7273124714
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Recreation& Sports N.E.C.
Reported finances
- Revenue
- $60,056
- Expenses
- $66,020
- Assets
- $39,119
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Francis Marsalisi (President)
People named in this filing
- Francis Marsalisi (President)
- Kent Rodahaver (VP)
- Alison Carlyle (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Skyway Marina District promotes redevelopment of a business district in St Petersburg, FL. The district has met with numerous developers and have been successful in acquiring interest from developers.
What it reported doing in 2024
To promote redevelopment of business district in the city of St Petersburg, FL
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. 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: 13
- Transparency & Controls: 60
- Accountability: 82
- Sustainability: 42
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14.8%; rating input score 15
- Program expense ratio: 13.5%; rating input score 13
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 66.7%; rating input score 67; 0th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -9.9%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 0.59; rating input score 18; 18th 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 60; 60th percentile among comparable filings
Growth
- Program expense growth: -18% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: -2.6% per year; rating input score 0; 50th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 14.8% of revenue deployed · 13.5% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $9K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 12 of 15 current checks pass · 3 findings to review
- Schedules: 4 filed schedules
- Filing history: 11 filing years from 2014 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 — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Financial Efficiency: Program expense ratio scored 13/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX OfficeExpenses column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.