Viridian Sailing Center Foundation
Nonprofit profile at a glance
- EIN
- 812927238
- IRS 990-EZ coverage
- 2018–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2017
- Location
- Arlington, TX, USA
- Phone
- 8173308205
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $128,120
- Expenses
- $120,341
- Assets
- $23,512
- Liabilities
- $9,642
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- CRAIG HAINES (Vice President)
- WILLIAM GRIFFITH (President)
People named in this filing
- JAMES WILHELM (Treasurer)
- RACHEL COWARD (Director)
- CRAIG HAINES (Vice President)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Viridian Sailing Center Foundation is a 501c3 nonprofit organization offering aquatic adventure for all experience levels in order to educate individuals about the sailing boats and paddlesports. Both residents and non-residents of the Viridian community may purchase an Annual Pass, giving them access to the Sailing Center and its state-of-the-art sailboats and paddleboards. Annual Pass holders also have the opportunity to participate in sailing courses, camps, sailboat races and regattas designed to increase skill and sailing confidence. Kayak and Stand Up Paddleboards are also available to the general public for rent.
What it reported doing in 2023
The Viridian Sailing Center Foundation has provided educational sailing classes to 25 children in 2023 for a total of approximately 175 children since its inception. The organization added four additional vessels in 2023 specifically to support teens interested in learning and practicing for junior racing events. The Center continues to work in conjunction with other not for profit organizations such as the Boy Scouts to increase awareness, understanding, and merit achievements of sailing.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 100
- Sustainability: 38
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88%; rating input score 88
- Program expense ratio: 93.7%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 6.1%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.2; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 15.3% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 12.5% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: -16.7% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 88% of revenue deployed · 93.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $113K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2018 to 2023
- 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.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Review — Sustainability: Operating margin scored 51/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.