Spirals Foundation for Gymnastics
Nonprofit profile at a glance
- EIN
- 770333415
- IRS 990-EZ coverage
- 2020–2021
- Forms available
- Form 990 2019, Form 990-EZ 2021
- Location
- Santa Barbara, CA, USA
- Phone
- 8059682453
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $139,319
- Expenses
- $163,898
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Kristi Palmer (Board President)
People named in this filing
- Janine Wilson (Key Employee - Head Coach and Program Director)
- Kristi Palmer (Board President)
- Lisa Williams (Board / Club 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-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote healthy kids through physical activity and training in gymnastics.
What it reported doing in 2021
We provide safe and instructional classes of gymnastics for over 100 children as well as the training for over 20 competitive gymnasts.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program 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
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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 93
- Sustainability: 4
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.1%; rating input score 96
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -17.6%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 45.8%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -11.9% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 19.5% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $157K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2020 to 2021
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.