Is Covered Bridge Swim Club Inc Legit?

Quick charity verification for Covered Bridge Swim Club Inc (EIN: 210728329)

Verdict: Covered Bridge Swim Club Inc appears trustworthy

85/100Mission Score

$427KRevenue

$1.1MAssets

1Red Flags

4Strengths

Red Flags

Occasional periods of expenses exceeding revenue (e.g., 2024, 2019, 2018, 2016) could indicate reliance on reserves or inconsistent financial planning if not managed carefully.

Strengths

Consistent asset growth, reaching over $1 million, demonstrates financial stability and effective long-term management.
0% reported officer compensation across all filings indicates strong volunteer leadership or highly efficient use of funds.
Regular IRS 990 filings (14 total) demonstrate a commitment to transparency.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities in most periods.

Spending Breakdown

How Covered Bridge Swim Club Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Covered Bridge Swim Club Inc

Is Covered Bridge Swim Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Covered Bridge Swim Club Inc (EIN: 210728329) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Covered Bridge Swim Club Inc a good charity to donate to?

Covered Bridge Swim Club Inc has a Mission Score of 85/100. Revenue: $427K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Covered Bridge Swim Club Inc?

The Employer Identification Number (EIN) for Covered Bridge Swim Club Inc is 210728329. 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 Covered Bridge Swim Club Inc spend its money?

Covered Bridge Swim Club Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Covered Bridge Swim Club Inc's tax-exempt status?

You can verify Covered Bridge Swim Club Inc's tax-exempt status using EIN 210728329 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

Covered Bridge Swim Club Inc demonstrates a generally stable financial position, with assets consistently over $700,000 in recent years, reaching $1,071,711 most recently. The organization's revenue has fluctuated, with a notable high of $515,531 in 2023 and a low of $159,874 in 2016. Expenses have also varied, sometimes exceeding revenue, as seen in 2024 ($376,097 expenses vs. $323,022 revenue) and 2019 ($358,065 expenses vs. $272,040 revenue), indicating periods of deficit spending. However, the overall trend shows growth in assets, suggesting effective management of its financial resources over the long term.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available. A significant positive indicator is the reported 0% officer compensation across all available filings, suggesting that the organization's leadership is either volunteer-based or compensated through non-officer roles, which can be a sign of strong dedication to its mission and efficient use of funds. Without detailed expense breakdowns (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is challenging, but the lack of officer compensation is a strong positive.

Given the NTEE code N50 (Recreational, Sports, Leisure, & Athletics), the organization's financial activities appear consistent with operating a swim club. The consistent asset growth and the absence of reported officer compensation point towards a well-managed entity focused on its community service, though periods of expenses exceeding revenue warrant monitoring to ensure long-term sustainability.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.