Quick charity verification for Aquatic Club Of Elkhorn Incorporated (EIN: 203558633)
Verdict: Aquatic Club Of Elkhorn Incorporated appears trustworthy
85/100Mission Score
$376KRevenue
$219KAssets
2Red Flags
5Strengths
Red Flags
Expenses ($388,008) exceeded revenue ($362,726) in the most recent 202308 filing, indicating a deficit for that period.
Liabilities increased significantly from $771 in 202208 to $519 in 202308, although the absolute amount remains relatively low.
Strengths
Consistent history of IRS 990 filings, demonstrating transparency.
Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
Long-term growth in assets, from $62,390 in 201408 to $289,685 in 202308, showing financial stability.
Revenues generally exceed expenses over the past decade, indicating sound financial management.
Strong program focus due to minimal administrative overhead from executive compensation.
Spending Breakdown
How Aquatic Club Of Elkhorn Incorporated allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Aquatic Club Of Elkhorn Incorporated
Is Aquatic Club Of Elkhorn Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Aquatic Club Of Elkhorn Incorporated (EIN: 203558633) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Aquatic Club Of Elkhorn Incorporated a good charity to donate to?
Aquatic Club Of Elkhorn Incorporated has a Mission Score of 85/100. Revenue: $376K. Assets: $219K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Aquatic Club Of Elkhorn Incorporated?
The Employer Identification Number (EIN) for Aquatic Club Of Elkhorn Incorporated is 203558633. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Aquatic Club Of Elkhorn Incorporated spend its money?
Aquatic Club Of Elkhorn Incorporated allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Aquatic Club Of Elkhorn Incorporated's tax-exempt status?
You can verify Aquatic Club Of Elkhorn Incorporated's tax-exempt status using EIN 203558633 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Aquatic Club Of Elkhorn Incorporated demonstrates consistent operational activity with revenues generally exceeding expenses over the past decade, indicating a stable financial position. However, the most recent filing (202308) shows expenses of $388,008 exceeding revenues of $362,726, resulting in a deficit for that period. This recent trend, coupled with a significant increase in liabilities to $519 in 202308 from $771 in 202208, warrants closer observation, although the liability figure itself is not exceptionally high relative to assets.
The organization's financial health appears generally sound, with assets consistently growing over the long term, from $62,390 in 201408 to $289,685 in 202308. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership, which can contribute to lower administrative costs and a higher proportion of funds directed towards programs. This commitment to minimizing executive overhead is a positive indicator of spending efficiency.
Transparency is good given the consistent filing of IRS Form 990s. The detailed financial data provided allows for a clear understanding of the organization's revenue, expenses, and asset growth. The lack of reported officer compensation also enhances transparency by showing that no funds are being diverted to high executive salaries, aligning with best practices for non-profit financial management.