Wilmington Seahawks Hockey Association Inc
Nonprofit profile at a glance
- EIN
- 261757190
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Wilmington, NC, USA
- Phone
- 9106861987
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Winter Sports
Reported finances
- Revenue
- $336,915
- Expenses
- $287,329
- Assets
- $83,197
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- RONA LEVIN (PRESIDENT)
Highest reported compensation
- TORY KUEHNER (HOCKEY DIRECTOR): $11,250 total reported compensation
- DAN RAATZ (HOCKEY DIRECTOR): $6,667 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization provides a program for ice hockey education, instruction, and competition for youth residing in the southeastern coastal region of North Carolina.
What it reported doing in 2024
Wilmington seahawks hockey association provides a program of ice hockey education, instruction, and competition for youth residing in the coastal region of North Carolina and surrounding areas through team leagues, hockey camps and educational clinics for participants to enable members to develop their ice hockey skills and successfully compete in the game ice hockey. The organization provides qualified USA hockey certified coaching at all levels and oversees the development and continuing education of all its coaches. The organization charges each youth hockey player registration fees that cover the cost of ice time rental for both practices and games, as well as other administrative fees such as the cost of league fees, tournament expenses, and to cover payments made for coach stipends, referee fees, as well as to pay for the services of the organizations hockey director.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 72
- Accountability: 59
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.9%; rating input score 82
- Program expense ratio: 96%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 22nd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14.7%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 21% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 7.9% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 10.8% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 81.9% of revenue deployed · 96% of spending went to programs
- Governance: 5 of 6 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $276K in reported program spending
- Leadership: top reported pay $11K · 6 people listed · 1 of 6 pay-setting controls reported
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants and executive pay
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.