Wareham Lake Shores Improvement Association Inc

Nonprofit profile at a glance

EIN
222630877
IRS 990-EZ coverage
2015–2025
Forms available
Form 990-EZ 2025, Form 990-N 2014
Location
East Wareham, MA, USA
Phone
7742633222
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$27,409
Expenses
$11,794
Assets
$149,769
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • LINDSEY MCNEIL MORSE (PRESIDENT)

People named in this filing

  • MARCIA JOSEPH (TREASURER)
  • LINDSEY MCNEIL MORSE (PRESIDENT)
  • MICHAEL MORSE (TRUSTEE)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Wareham Lake Shores Improvement Association Inc. strives to serve the public good. To endeavor to seek necessary betterments and improvements, to maintain community spirit, and to take charge of all matters of community interest to property owner of Wareham Lake Shores, as shown on subdivisions No. 1, No. 2, and No. 4 as recorded in the Plymouth County Registry of Deeds.

What it reported doing in 2025

The Wareham Lake Shores Improvement Association is a social club that has a membership that varies between 100 to 130 members. It endeavors to seek necessary betterments and improvements, to maintain community spirit, and to take charge of all matters of community interest to the property owner of Wareham Lake Shores.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 82
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 43%; rating input score 43
  • 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: 57%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 12.7; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 1.6% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 7% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 43% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $12K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2015 to 2025
  • 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 — Financial Efficiency: Mission deployment rate scored 43/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.