Aquatic Club Of Elkhorn Incorporated
Aquatic Club of Elkhorn shows consistent revenue but recent deficit and increased liabilities.
EIN: 203558633 · Elkhorn, NE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $376K |
| Total Expenses | $388K |
| Program Spending | 90% |
| Net Assets | $289K |
| Transparency Score | 85/100 |
Is Aquatic Club Of Elkhorn Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aquatic Club Of Elkhorn Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aquatic Club Of Elkhorn Incorporated
Aquatic Club Of Elkhorn Incorporated (EIN: 203558633) is a nonprofit organization based in Elkhorn, NE. The organization reported total revenue of $376K and total assets of $219K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aquatic Club Of Elkhorn Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aquatic Club Of Elkhorn Incorporated is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $363K |
| Total Expenses | $388K |
| Surplus / Deficit | $-25,282 |
| Total Assets | $290K |
| Total Liabilities | $519 |
| Net Assets | $289K |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 9.0 months |
Financial Health Grade: B
In 2023, Aquatic Club Of Elkhorn Incorporated reported a deficit of $25K with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Aquatic Club Of Elkhorn Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +9.1% | -8.1% |
| 2022 | +39.3% | +32.5% | +0.6% |
| 2021 | -0.6% | -8.7% | +2.7% |
| 2020 | -21.7% | -14.7% | +5.4% |
| 2019 | -5.2% | -7.7% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aquatic Club Of Elkhorn Incorporated with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Aquatic Club Of Elkhorn Incorporated allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization, which is highly efficient and directs more funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aquatic Club Of Elkhorn Incorporated's IRS 990 filings:
- Expenses ($388,008) exceeded revenue ($362,726) in the most recent 202308 filing, indicating a deficit for that period.
- Liabilities increased significantly from $771 in 202208 to $519 in 202308, although the absolute amount remains relatively low.
Strengths
The following positive indicators were identified for Aquatic Club Of Elkhorn Incorporated:
- Consistent history of IRS 990 filings, demonstrating transparency.
- Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Long-term growth in assets, from $62,390 in 201408 to $289,685 in 202308, showing financial stability.
- Revenues generally exceed expenses over the past decade, indicating sound financial management.
- Strong program focus due to minimal administrative overhead from executive compensation.
Frequently Asked Questions about Aquatic Club Of Elkhorn Incorporated
Is Aquatic Club Of Elkhorn Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Aquatic Club Of Elkhorn Incorporated (EIN: 203558633) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Aquatic Club Of Elkhorn Incorporated spend its money?
Aquatic Club Of Elkhorn Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aquatic Club Of Elkhorn Incorporated tax-deductible?
Aquatic Club Of Elkhorn Incorporated is registered as a tax-exempt nonprofit (EIN: 203558633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Aquatic Club Of Elkhorn Incorporated located?
Aquatic Club Of Elkhorn Incorporated is headquartered in Elkhorn, Nebraska and files with the IRS under EIN 203558633.
How many years of IRS 990 filings does Aquatic Club Of Elkhorn Incorporated have?
Aquatic Club Of Elkhorn Incorporated has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $376K in total revenue.
Is Aquatic Club Of Elkhorn Incorporated a good charity?
Based on the available data, the Aquatic Club Of Elkhorn Incorporated appears to be a good charity. It consistently operates with revenues generally covering expenses, has growing assets, and reports no officer compensation, suggesting high efficiency and dedication to its mission.
What caused the deficit in the 202308 period?
In the 202308 period, the organization reported expenses of $388,008 against revenues of $362,726, resulting in a deficit. The specific causes are not detailed in the summary data, but it indicates that expenses outpaced income for that fiscal year.
How has the organization's asset base changed over time?
The organization's assets have shown significant growth over the past decade, increasing from $62,390 in 201408 to $289,685 in 202308, indicating financial stability and accumulation of resources.
What is the significance of 0% officer compensation?
0% officer compensation across all filings is a strong positive indicator. It suggests that the organization's leadership is volunteer-based, which significantly reduces administrative overhead and ensures that a larger proportion of funds are available for programmatic activities.
Filing History
IRS 990 filing history for Aquatic Club Of Elkhorn Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aquatic Club Of Elkhorn Incorporated's revenue has grown by 231.8%, moving from $109K to $363K. Total assets increased by 1133.5% over the same period, from $23K to $290K. Total functional expenses rose by 232.4%, from $117K to $388K. In its most recent filing year (2023), Aquatic Club Of Elkhorn Incorporated reported a deficit of $25K, with expenses exceeding revenue. The organization holds $519 in liabilities against $290K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $289K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $363K | $388K | $290K | $519 | — | — |
| 2022 | $387K | $356K | $315K | $771 | — | View 990 |
| 2021 | $278K | $268K | $313K | $30K | — | View 990 |
| 2020 | $279K | $294K | $305K | $31K | — | View 990 |
| 2019 | $357K | $344K | $289K | $1K | — | View 990 |
| 2018 | $376K | $373K | $275K | $220 | — | View 990 |
| 2017 | $359K | $314K | $272K | $131 | — | View 990 |
| 2016 | $360K | $288K | $227K | $452 | — | View 990 |
| 2015 | $314K | $222K | $161K | $7K | — | View 990 |
| 2014 | $184K | $152K | $62K | $162 | — | View 990 |
| 2013 | $165K | $142K | $30K | $330 | — | View 990 |
| 2012 | $108K | $124K | $8K | $173 | — | View 990 |
| 2011 | $109K | $117K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $363K, expenses of $388K, and assets of $290K (revenue -6.3% year-over-year).
- 2022: Revenue of $387K, expenses of $356K, and assets of $315K (revenue +39.3% year-over-year).
- 2021: Revenue of $278K, expenses of $268K, and assets of $313K (revenue -0.6% year-over-year).
- 2020: Revenue of $279K, expenses of $294K, and assets of $305K (revenue -21.7% year-over-year).
- 2019: Revenue of $357K, expenses of $344K, and assets of $289K (revenue -5.2% year-over-year).
- 2018: Revenue of $376K, expenses of $373K, and assets of $275K (revenue +4.8% year-over-year).
- 2017: Revenue of $359K, expenses of $314K, and assets of $272K (revenue -0.1% year-over-year).
- 2016: Revenue of $360K, expenses of $288K, and assets of $227K (revenue +14.5% year-over-year).
- 2015: Revenue of $314K, expenses of $222K, and assets of $161K (revenue +70.6% year-over-year).
- 2014: Revenue of $184K, expenses of $152K, and assets of $62K (revenue +11.8% year-over-year).
- 2013: Revenue of $165K, expenses of $142K, and assets of $30K (revenue +52.2% year-over-year).
- 2012: Revenue of $108K, expenses of $124K, and assets of $8K (revenue -1.0% year-over-year).
- 2011: Revenue of $109K, expenses of $117K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aquatic Club Of Elkhorn Incorporated:
Data Sources and Methodology
This transparency report for Aquatic Club Of Elkhorn Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.