Is Barracuda Swim Club Of Northeast Tennessee Legit?
Quick charity verification for Barracuda Swim Club Of Northeast Tennessee (EIN: 201964019)
Verdict: Barracuda Swim Club Of Northeast Tennessee appears trustworthy
92/100Mission Score
$292KRevenue
$204KAssets
1Red Flags
5Strengths
Red Flags
Specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, making a precise efficiency analysis challenging.
Strengths
Consistent financial surpluses in recent years (e.g., $29,225 in 202308).
Steady growth in assets, from $73,188 in 202008 to $148,835 in 202308.
No reported officer compensation across all filings, indicating high resource allocation to mission.
Very low liabilities, suggesting minimal debt and strong financial management.
Consistent IRS 990 filing history (13 filings), demonstrating transparency.
Spending Breakdown
How Barracuda Swim Club Of Northeast Tennessee allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Barracuda Swim Club Of Northeast Tennessee
Is Barracuda Swim Club Of Northeast Tennessee a legitimate charity?
Based on AI analysis of IRS 990 filings, Barracuda Swim Club Of Northeast Tennessee (EIN: 201964019) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Barracuda Swim Club Of Northeast Tennessee a good charity to donate to?
Barracuda Swim Club Of Northeast Tennessee has a Mission Score of 92/100. Revenue: $292K. Assets: $204K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Barracuda Swim Club Of Northeast Tennessee?
The Employer Identification Number (EIN) for Barracuda Swim Club Of Northeast Tennessee is 201964019. 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 Barracuda Swim Club Of Northeast Tennessee spend its money?
Barracuda Swim Club Of Northeast Tennessee allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Barracuda Swim Club Of Northeast Tennessee's tax-exempt status?
You can verify Barracuda Swim Club Of Northeast Tennessee's tax-exempt status using EIN 201964019 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
Barracuda Swim Club Of Northeast Tennessee demonstrates consistent financial stability and strong program focus. Over the past five years, the organization has maintained a healthy revenue stream, with the latest reported revenue at $291,970 and expenses at $238,313 in 202308, resulting in a surplus. The organization's assets have shown steady growth, increasing from $73,188 in 202008 to $148,835 in 202308, indicating sound financial management and accumulation of resources. Liabilities remain very low, suggesting minimal debt burden.
The organization's spending efficiency appears high, as evidenced by the consistent surpluses in recent years (e.g., $29,225 in 202308 and $11,100 in 202208). While specific breakdowns for program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the overall financial health suggests that the majority of funds are directed towards its mission. The absence of reported officer compensation further enhances its perceived efficiency and commitment to program delivery.
Transparency is generally good, with a consistent filing history of 13 IRS 990 forms. The lack of officer compensation reported across all filings is a positive indicator of resource allocation directly to the organization's activities. The consistent growth in assets and manageable liabilities reflect responsible financial stewardship, contributing to a positive assessment of its financial health and operational integrity.