The Inverness Association

Nonprofit profile at a glance

EIN
946128974
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Inverness, CA, USA
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$29,412
Expenses
$97,901
Assets
$1,055,035
Liabilities
$2,003

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

Leadership & pay

5 people listed

Executive titles in this filing

  • Elizabeth Whitney (Vice President)
  • Jerry Meral (President)

People named in this filing

  • Alexandra Gifford (Director)
  • Elizabeth Whitney (Vice President)
  • Burton Eubank (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Maintain and preserve inverness, marin county, California

What it reported doing in 2024

In this tax year, the Inverness Foundation continued to perform maintenance on its iconic and historic building, The Gables, which houses the Marin County Public Library and the Jack Mason Museum of West Marin History.There was significant storm damage to the property surrounding the Gables, which required expenditures related to tree removal, fence repair, and similar activities. Other tree trimming activities were undertaken to reduce fire hazards around The Gables. In addition, the Inverness Foundation continued its work maintaining the many trails that the public uses to get to beaches, the post office and hiking trails. One of our parcels got attention in cleanups and defensible space work as well. The Jack Mason Museum of West Marin History (A Committee of the IF) mounted more exhibits in the tax year, including one related to the history of the Inverness Public Utility District. The Inverness Foundation made several donations to nonprofit organizations, including the organization that puts on an annual Shakespeare outdoor theatre production. Likewise, the local AA group continues meeting in the library late in the year on Sunday mornings. The Inverness Foundation has held board meetings in the meeting room, but we have also accommodated directors and Inverness Foundation members who may live out-of-town with an alternative zoom meeting option.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 88% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 93
  • Accountability: 76
  • Sustainability: 36
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.5%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -232.9%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 10.78; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -8.6% per year; rating input score 0; 31st percentile among comparable filings
  • Revenue growth: -3.5% per year; rating input score 0; 47th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.5% of spending went to programs
  • Governance: 10 of 10 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $83K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.