States Organization for Boating Access
Nonprofit profile at a glance
- EIN
- 521591304
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2022
- Location
- Lexington, KY, USA
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Natural Resources Conservation and Protection
Reported finances
- Revenue
- $147,272
- Expenses
- $203,252
- Assets
- $163,076
- Liabilities
- $66,690
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Todd Mize (Past President)
People named in this filing
- Todd Mize (Past President)
- Chris French (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
States Organization for Boating Access fosters collaboration among members and is a recognized advocate for recreational boating programs that provide public access and other boating amenities to boaters across the United States and its territories.
What it reported doing in 2024
The Annual SOBA Education & Training Symposium was held in Wilmington, NC, from August 26 - 29, 2024. All of the education sessions and presentations from the Symposium can be viewed on the SOBA website.
Operating model
- Revenue model
- Earned-program. 85% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 74
- Sustainability: 26
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.1%; rating input score 93
- Program expense ratio: 67.4%; rating input score 67
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -38%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.8; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: -0.1% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -0.4% per year; rating input score 0; 26th percentile among comparable filings
Details
- Where the money goes: 93.1% of revenue deployed · 67.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $137K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 3/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.