Stephen C Smith Memorial Regatta Foundation Inc
Nonprofit profile at a glance
- EIN
- 311525711
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2022
- Location
- Tallahassee, FL, USA
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $45,363
- Expenses
- $41,413
- Assets
- $41,799
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Wright Finney (President)
People named in this filing
- Wright Finney (President)
- Linda Downey (Treasurer)
- Kristin Korinko (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To raise funds to support programs of the American Cancer Society.
What it reported doing in 2025
Organized and presented a benefit Regatta in April 2025. Provided information regarding cancer prevention and patient support services. Donated 40,000 of event proceeds to the American Cancer Society. Approximately 300 people participated plus many more attending the event site.
Operating model
- Revenue model
- Donor-supported. 69% 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: 36
- Transparency & Controls: 82
- Sustainability: 48
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 34.8%; rating input score 35
- Program expense ratio: 38.1%; rating input score 38
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 8.7%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -59.9% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -28.2% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 19.4% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 34.8% of revenue deployed · 38.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $16K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
- Moderate — Financial Efficiency: Program expense ratio scored 38/100.
- 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.
- Review — Sustainability: Operating margin scored 59/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.