Is Grosse Pointe Gators Swim Club Inc Legit?

Grosse Pointe Gators Swim Club Inc demonstrates consistent financial activity, with revenues and expenses generally in balance over the past decade. For instance, in 202307, the organization reported revenues of $499,490 against expenses of $372,523, indicating a surplus. However, the most recent filing (202407) shows expenses ($440,304) exceeding revenues ($413,007), resulting in a deficit for that period. The organization's assets have shown growth, increasing from $80,236 in 201507 to $292,593 in 202407, suggesting a healthy accumulation of resources over time. The club's financial health appears stable, with no reported officer compensation across all filings, which is a strong indicator of volunteer leadership and efficient use of funds for its programs. Liabilities have remained relatively low, peaking at $37,626 in 202007 but generally staying under $10,000 in recent years, indicating good financial management and minimal debt burden. The consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to transparency. Given the NTEE code N67 (Amateur Sports Clubs, Leagues, Etc.), the organization's financial activities align with supporting a swim club. The absence of officer compensation suggests that nearly all funds are directed towards operational costs and program delivery, which is a positive sign for donors looking for efficient spending. While there was a slight deficit in the most recent year, the overall trend of asset growth and low liabilities points to a well-managed and financially sound organization.