Sound Contribution

Nonprofit profile at a glance

EIN
464971664
IRS 990-EZ coverage
2017–2023
Forms available
Form 990-EZ 2023
Location
Tacoma, WA, USA
Phone
2533770725
Rating
42
Verdict
MIXED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$149,938
Expenses
$140,161
Assets
$26,586

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • John Coyne (President)
  • Stephanie Arnold (Vice President)

People named in this filing

  • John Coyne (President)
  • Stephanie Arnold (Vice President)
  • Celina Scott (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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Raise funds for breast cancer research through sailing

What it reported doing in 2023

Pink Boat Regatta sailing event to raise funds for breast cancer research. Event held in Bellingham on August 25th and 26th, 2023. All donations received are to benefit the Breast Cancer Research Foundation.

Operating model

Revenue model
Donor-supported. 100% 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. 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: 0
  • Transparency & Controls: 100
  • Sustainability: 37
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.4%; rating input score 0
  • Program expense ratio: 0.5%; rating input score 0

Transparency & Controls

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

Sustainability

  • Operating margin: 6.5%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -32.2% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -6.5% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -41.2% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 0.4% of revenue deployed · 0.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $650 in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2017 to 2023
  • 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • High — Growth: Asset growth scored 0/100.