Squashbusters Inc

Nonprofit profile at a glance

EIN
043330698
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Roxbury Crossing, MA, USA
Phone
6173737782
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
Youth Centers, Clubs

Official website

Reported finances

Revenue
$4,596,028
Expenses
$8,919,683
Assets
$38,752,012
Liabilities
$8,961,269

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • RODNEY GALVAO (CHIEF EXECUTIVE OFFICER)
  • ROSEMARY MCELROY (CFO AND INTERIM CEO)

Highest reported compensation

  • GREG ZAFF (SR ADVISOR): $160,284 total reported compensation
  • RODNEY GALVAO (CHIEF EXECUTIVE OFFICER): $147,119 total reported compensation
  • REBECCA LATIMORE (CHIEF DEVELOPMENT OFFICER): $126,900 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To challenge and nurture urban youth as students, athletes and citizens so that they recognize and fulfill their fullest potential in life.

What it reported doing in 2024

Intensive urban youth program serving approximately 500 middle school, high school, and college students in boston and lawrence Massachusetts and in providence, Rhode Island. The program uses the sport of squash in combination with academic tutoring and enrichment, community service, summer opportunities, and hands-on college and career counseling to achieve three specific outcomes: 1) improvement in long-term health and wellness 2) college access and success - matriculation, perserverance, and graduation, and 3) positive character development. The organization serves its students continuously from the start of middle school until they graduate high school and enroll in college. The program then supports every student's journey through college to graduation. Students will spend approximately 100 days each school year, from grades 6 through grade 12 in direct engagement with the program.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 46% for direct work, 1% for grants, and 53% for affiliated organizations.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 80
  • Accountability: 97
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.9%; rating input score 84
  • Fundraising efficiency: $5.94 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 95.2%; rating input score 95; 25th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -94.1%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 4.34; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 7.5%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 15.3% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 10.3% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 8.5% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.9% of spending went to programs
  • Governance: 20 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.5M in reported program spending
  • Leadership: top reported pay $160K · 25 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $158K reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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: Fundraising efficiency scored 21/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.