Treasure Coast Bonito Blast Inc F/k/a Kit-nip Inc
Nonprofit profile at a glance
- EIN
- 462993288
- IRS 990-EZ coverage
- 2013–2020
- Forms available
- Form 990-EZ 2020, Form 990-N 2017
- Location
- Port Salerno, FL, USA
- Phone
- 5183651334
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fishing, Hunting
Reported finances
- Revenue
- $33,011
- Expenses
- $36,307
- Assets
- $7,304
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- BRUCE SWABB (DIRECTOR)
- KIM EMMONS (DIRECTOR)
- JEFF LANE (DIRECTOR)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The treasure coast bonito blast (tcbb) is the largest one day fishing tournament on the treasure coast. Proceeds benefit the wounded verterans relief fund (wvrf), which provides assistance to many veterans within the community.
Operating model
- Revenue model
- Earned-program. 64% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -10%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.2; rating input score 12; 12th 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: 16.6% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 11.1% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $36K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2013 to 2020
- 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: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.