Is Tigers Aquatics Club A Nj Nonprofit Corporation Legit?

Tigers Aquatics Club A Nj Nonprofit Corporation demonstrates a generally healthy financial trajectory, marked by consistent revenue growth and a strong program focus. In the latest reported period (202308), the organization generated $798,908 in revenue against $677,357 in expenses, indicating a surplus that contributes to asset growth. Over the past five years, revenue has fluctuated but shows an upward trend, with the latest revenue of $933,255 being the highest reported. The organization's assets have also grown significantly, from $111,004 in 202008 to $365,203 currently, suggesting good financial management and accumulation of resources. The organization exhibits excellent spending efficiency, with a very high proportion of expenses dedicated to program services. The consistent reporting of 0% officer compensation across all filings is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice, combined with a healthy asset base and positive net income in most recent years, positions Tigers Aquatics Club as a financially sound and well-managed nonprofit. While the organization's liabilities have been minimal or zero in most periods, a notable increase to $81,700 in 202108, followed by a return to $0 in subsequent periods, suggests effective management of short-term obligations. The consistent filing of IRS Form 990s over 13 periods further underscores its commitment to transparency and regulatory compliance.