Winter Haven Stingrays Inc

Nonprofit profile at a glance

EIN: 593144663
IRS 990-EZ coverage: 2012–2018
Forms available: Form 990-EZ 2018
Location: Winter Haven, FL, USA
Phone: 8634124561
Rating: 89
Verdict: STRONG
Rating confidence: Moderate
Sector: Swimming & Other Water Recreation

Reported finances

Revenue: $111,776
Expenses: $112,208
Assets: $30,273

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

EDDY TWYFORD (PRESIDENT)
BRICE ADAMS (VICE-PRESIDENT)

People named in this filing

ANGEL LONG (DIRECTOR)
EDDY TWYFORD (PRESIDENT)
BRICE ADAMS (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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Team provides swimming facilities, coaching, leadership and the organization for it's members to train and compete in various swim meets primarily in the State of Florida.

What it reported doing in 2018

The team provides swimming facilities for practices, meetsthe coaching staff and other support necessary for the swimming program.

Operating model

Revenue model: Membership-supported. 92% of the money available for current operations came from membership dues.
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. 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: 30
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: -0.4%; rating input score 32; 32nd percentile among comparable filings
Total-asset coverage ratio: 0.27; rating input score 24; 24th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings

Growth

Program expense growth: 4.3% per year; rating input score 100; 47th percentile among comparable filings
Revenue growth: 3.7% per year; rating input score 100; 45th percentile among comparable filings
Asset growth: 9.9% per year; rating input score 100; 60th 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 · $112K in reported program spending
Leadership: top reported pay $0 · 9 people listed
Consistency: 6 of 6 current checks pass
Schedules: 3 filed schedules
Filing history: 7 filing years from 2012 to 2018
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

Moderate — Sustainability: Operating margin scored 32/100.
High — Sustainability: Total-asset coverage ratio scored 24/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.