Is Waunakee Wave Swim Team Legit?

The Waunakee Wave Swim Team demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. In the most recent filing (202307), the organization reported revenue of $340,892 against expenses of $308,787, indicating a surplus for the period. This marks a positive trend compared to several prior years where expenses exceeded revenue, such as in 202207 ($230,280 revenue vs. $245,752 expenses) and 202107 ($201,672 revenue vs. $216,312 expenses). The organization's assets have shown growth, increasing from $32,505 in 202207 to $73,176 in 202307, suggesting improved financial stability. Liabilities remain relatively low, at $18,588 in 202307, which is a healthy sign. A key indicator of transparency and efficiency is the consistent reporting of 0% officer compensation across all available filings, which is excellent for a volunteer-led organization. The NTEE code N67 (Swimming & Other Water Sports) aligns well with its mission, and the financial data supports its operational focus on providing swim team activities. Overall, the Waunakee Wave Swim Team appears to be a financially stable and efficiently run organization, particularly given its volunteer leadership and consistent program delivery. The recent positive financial performance and asset growth are encouraging, and the lack of executive compensation underscores a strong commitment to directing funds towards its mission.