United Way Emerald Coast
Nonprofit profile at a glance
- EIN
- 590972293
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Fort Walton Beach, FL, USA
- Phone
- 8502430315
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,417,170
- Expenses
- $1,520,023
- Assets
- $1,784,994
- Liabilities
- $822,569
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- KELLY JASEN (PRESIDENT & CEO)
Highest reported compensation
- KELLY JASEN (PRESIDENT & CEO): $98,641 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to unite people with resources to improve the quality of life in okaloosa and walton counties.
What it reported doing in 2024
Uwec facilitates a community investment process to distribute undesignated donor contributions to non-profits serving okaloosa and walton counties in the areas of health, education, and economic mobility. Trained volunteers review grant applications and recommend funding levels to uwec's board of directors. In the reporting year, the board of directors approved funding to 26 programs. The amounts allocated to these agencies ranged from $3,500 to $43,680. Services provided by these agencies include hunger relief programs, medical care, high-quality childcare and learning, and emergency shelter or housing supports.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.7%; rating input score 91
- Program expense ratio: 84.5%; rating input score 84
- Fundraising efficiency: $8.96 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 68.3%; rating input score 68; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.3%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 1.17; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 0.1% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 19th percentile among comparable filings
Details
- Where the money goes: 90.7% of revenue deployed · 84.5% of spending went to programs
- Governance: 18 of 18 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $99K · 19 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 21 filed money-flow records
- Related organizations: 20 filed related-organization links
- 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: Fundraising efficiency scored 34/100.
- High — Sustainability: Operating margin scored 20/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.