Soroptimist International of Sequim Club 111124
Nonprofit profile at a glance
- EIN
- 916073419
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990 2013, Form 990-EZ 2024
- Location
- Sequim, WA, USA
- Phone
- 3606831125
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Protection Against Abuse
Reported finances
- Revenue
- $140,585
- Expenses
- $163,882
- Assets
- $334,737
- Liabilities
- $123,442
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Linda Klinefelter (President)
- Roxann Harr (President Elect)
People named in this filing
- Linda Klinefelter (President)
- Sandy Lawrence (Treasurer)
- Christy Holy (Secretary)
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
See Schedule O
What it reported doing in 2024
Medical loan closet is an on-going project that loans new and used medical equipment to help those in need. There is no fee for this service; however, donations are accepted
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 95% 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 liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 100
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.9%; rating input score 97
- Program expense ratio: 83%; rating input score 83
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -16.6%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 2.04; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 10.4% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 96.9% of revenue deployed · 83% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $136K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 10/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.