The Leatherlips Yacht Club Inc

Nonprofit profile at a glance

EIN
310896393
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Powell, OH, USA
Phone
6148898997
Rating confidence
Limited

Official website

Reported finances

Revenue
$163,022
Expenses
$140,524
Assets
$378,377
Liabilities
$4,546

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

Leadership & pay

9 people listed

People named in this filing

  • Robert White (Commodore)
  • Matt Pitsenbarger (Vice Commodore)
  • Warren Watkins (Rear Commodore)

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

To provide the necessary facilities for sailing enthusiasts to participate in pleasure sailing, provide learn to sail activities for children and adults, and to conduct, promote and participate in local and national sailboat racing events with a focus on safety.

What it reported doing in 2024

Sports Competitions Programs; Hosted and provided safety equipment for 49 sailing races from May through October for members and guests; In addition, there were 11 regattas: Each regatta is a minimum of 3 races. The Laser fleet also held 120 races on Tuesday nights throughout the sailing season. A Junior Racing Team was active with 12 children and 4 adult coaches. The racing team practiced weekly and attended regattas. A high school Sailing Team was active for the 4th year with 17 spring participants and 19 fall participants, and 3 coaches. (Some students participated in both) They practiced weekly and participated in regattas. Non-racing recreational boating activity by members in their sailboats, kayaks and rowing shells also is a significant activity, but participation levels are not recorded or tracked.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 13.8%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 2.69; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 0.7% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 8.7% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Liabilities to assets ratio scored 41/100.