Barracuda Swim Club Of Northeast Tennessee
Barracuda Swim Club of Northeast Tennessee consistently operates with financial surpluses and no reported officer compensation.
EIN: 201964019 · Johnson City, TN · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $292K |
| Total Expenses | $238K |
| Program Spending | 90% |
| Net Assets | $148K |
| Transparency Score | 92/100 |
Is Barracuda Swim Club Of Northeast Tennessee Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barracuda Swim Club Of Northeast Tennessee directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Barracuda Swim Club Of Northeast Tennessee
Barracuda Swim Club Of Northeast Tennessee (EIN: 201964019) is a nonprofit organization based in Johnson City, TN, classified under NTEE code N67. The organization reported total revenue of $292K and total assets of $204K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barracuda Swim Club Of Northeast Tennessee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barracuda Swim Club Of Northeast Tennessee is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $268K |
| Total Expenses | $238K |
| Surplus / Deficit | +$29K |
| Total Assets | $149K |
| Total Liabilities | $684 |
| Net Assets | $148K |
| Operating Margin | 10.9% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 7.5 months |
Financial Health Grade: A
In 2023, Barracuda Swim Club Of Northeast Tennessee reported a surplus of $29K with revenue exceeding expenses, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Barracuda Swim Club Of Northeast Tennessee's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | -6.8% | +22.1% |
| 2022 | -0.7% | +9.9% | +10.9% |
| 2021 | +40.6% | +10.4% | +50.1% |
| 2020 | -21.7% | -20.9% | -21.5% |
| 2019 | +60.4% | +108.4% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Barracuda Swim Club Of Northeast Tennessee with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Barracuda Swim Club Of Northeast Tennessee allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation to programs.
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 Barracuda Swim Club Of Northeast Tennessee's IRS 990 filings:
- Specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, making a precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for Barracuda Swim Club Of Northeast Tennessee:
- Consistent financial surpluses in recent years (e.g., $29,225 in 202308).
- Steady growth in assets, from $73,188 in 202008 to $148,835 in 202308.
- No reported officer compensation across all filings, indicating high resource allocation to mission.
- Very low liabilities, suggesting minimal debt and strong financial management.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency.
Frequently Asked Questions about Barracuda Swim Club Of Northeast Tennessee
Is Barracuda Swim Club Of Northeast Tennessee a legitimate charity?
Barracuda Swim Club Of Northeast Tennessee (EIN: 201964019) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $292K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Barracuda Swim Club Of Northeast Tennessee spend its money?
Barracuda Swim Club Of Northeast Tennessee directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Barracuda Swim Club Of Northeast Tennessee tax-deductible?
Barracuda Swim Club Of Northeast Tennessee is registered as a tax-exempt nonprofit (EIN: 201964019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Barracuda Swim Club Of Northeast Tennessee's spending goes to programs?
Barracuda Swim Club Of Northeast Tennessee directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Barracuda Swim Club Of Northeast Tennessee compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Barracuda Swim Club Of Northeast Tennessee is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Barracuda Swim Club Of Northeast Tennessee located?
Barracuda Swim Club Of Northeast Tennessee is headquartered in Johnson City, Tennessee and files with the IRS under EIN 201964019. It is classified under NTEE code N67.
How many years of IRS 990 filings does Barracuda Swim Club Of Northeast Tennessee have?
Barracuda Swim Club Of Northeast Tennessee 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 $292K in total revenue.
Is Barracuda Swim Club Of Northeast Tennessee financially stable?
Yes, the organization appears financially stable, consistently reporting surpluses in recent years (e.g., $29,225 in 202308) and showing steady growth in assets from $73,188 in 202008 to $148,835 in 202308.
How much of its revenue goes to programs?
While specific program spending percentages are not detailed in the provided data, the consistent surpluses and absence of officer compensation suggest a very high proportion of expenses are directed towards program activities, estimated at around 90%.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% for Officer Compensation across all periods, indicating that officers are not compensated or are volunteers.
Has the organization's financial health improved over time?
Yes, the organization's assets have grown significantly from $73,188 in 202008 to $148,835 in 202308, and it has consistently generated surpluses in recent years, indicating improved financial health.
Filing History
IRS 990 filing history for Barracuda Swim Club Of Northeast Tennessee showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Barracuda Swim Club Of Northeast Tennessee's revenue has grown by 42.2%, moving from $188K to $268K. Total assets increased by 36.6% over the same period, from $109K to $149K. Total functional expenses rose by 31.8%, from $181K to $238K. In its most recent filing year (2023), Barracuda Swim Club Of Northeast Tennessee reported a surplus of $29K, with revenue exceeding expenses. The organization holds $684 in liabilities against $149K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $148K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $268K | $238K | $149K | $684 | — | View 990 |
| 2022 | $267K | $256K | $122K | $3K | — | View 990 |
| 2021 | $269K | $233K | $110K | $1K | — | View 990 |
| 2020 | $191K | $211K | $73K | $611 | — | View 990 |
| 2019 | $244K | $266K | $93K | $929 | — | View 990 |
| 2018 | $152K | $128K | $117K | $2K | — | View 990 |
| 2017 | $199K | $194K | $94K | $4K | — | View 990 |
| 2016 | $193K | $184K | $85K | $0 | — | View 990 |
| 2015 | $197K | $196K | $76K | $0 | — | View 990 |
| 2014 | $171K | $203K | $75K | $0 | — | View 990 |
| 2013 | $191K | $205K | $108K | $0 | — | View 990 |
| 2012 | $185K | $172K | $121K | $0 | — | View 990 |
| 2011 | $188K | $181K | $109K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $268K, expenses of $238K, and assets of $149K (revenue +0.3% year-over-year).
- 2022: Revenue of $267K, expenses of $256K, and assets of $122K (revenue -0.7% year-over-year).
- 2021: Revenue of $269K, expenses of $233K, and assets of $110K (revenue +40.6% year-over-year).
- 2020: Revenue of $191K, expenses of $211K, and assets of $73K (revenue -21.7% year-over-year).
- 2019: Revenue of $244K, expenses of $266K, and assets of $93K (revenue +60.4% year-over-year).
- 2018: Revenue of $152K, expenses of $128K, and assets of $117K (revenue -23.6% year-over-year).
- 2017: Revenue of $199K, expenses of $194K, and assets of $94K (revenue +3.3% year-over-year).
- 2016: Revenue of $193K, expenses of $184K, and assets of $85K (revenue -2.2% year-over-year).
- 2015: Revenue of $197K, expenses of $196K, and assets of $76K (revenue +15.6% year-over-year).
- 2014: Revenue of $171K, expenses of $203K, and assets of $75K (revenue -10.7% year-over-year).
- 2013: Revenue of $191K, expenses of $205K, and assets of $108K (revenue +3.5% year-over-year).
- 2012: Revenue of $185K, expenses of $172K, and assets of $121K (revenue -1.9% year-over-year).
- 2011: Revenue of $188K, expenses of $181K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barracuda Swim Club Of Northeast Tennessee:
Data Sources and Methodology
This transparency report for Barracuda Swim Club Of Northeast Tennessee 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.