Colony Swim Club Inc
EIN: 381809441 · Plymouth, MI · NTEE: N67Z
| Metric | Value |
|---|---|
| Total Revenue | $418K |
| Total Expenses | $345K |
| Net Assets | $443K |
Is Colony Swim Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Colony Swim Club Inc
Colony Swim Club Inc (EIN: 381809441) is a nonprofit organization based in Plymouth, MI, classified under NTEE code N67Z. The organization reported total revenue of $418K and total assets of $656K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colony Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colony Swim Club Inc is a small nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $341K |
| Total Expenses | $345K |
| Surplus / Deficit | $-3,993 |
| Total Assets | $719K |
| Total Liabilities | $276K |
| Net Assets | $443K |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 38.4% |
| Months of Reserves | 25.0 months |
Financial Health Grade: B
In 2024, Colony Swim Club Inc reported a deficit of $4K with expenses exceeding revenue, holds 25.0 months of operating reserves (strong position), has a debt-to-asset ratio of 38.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Colony Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.2% | -5.8% | +13.0% |
| 2023 | +11.9% | +29.2% | -4.7% |
| 2022 | +22.6% | +19.1% | +2.3% |
| 2021 | -15.3% | -14.3% | +1.3% |
| 2020 | -0.6% | +5.7% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Colony Swim Club Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Colony Swim Club Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.4%.
Frequently Asked Questions about Colony Swim Club Inc
Is Colony Swim Club Inc a legitimate charity?
Colony Swim Club Inc (EIN: 381809441) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $418K. No red flags identified. Financial health grade: B.
How does Colony Swim Club Inc spend its money?
Colony Swim Club Inc reported $418K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Colony Swim Club Inc tax-deductible?
Colony Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 381809441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Colony Swim Club Inc located?
Colony Swim Club Inc is headquartered in Plymouth, Michigan and files with the IRS under EIN 381809441. It is classified under NTEE code N67Z.
How many years of IRS 990 filings does Colony Swim Club Inc have?
Colony Swim Club Inc 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 $418K in total revenue.
Filing History
IRS 990 filing history for Colony Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Colony Swim Club Inc's revenue has grown by 37.5%, moving from $248K to $341K. Total assets increased by 55.9% over the same period, from $461K to $719K. Total functional expenses rose by 44.3%, from $239K to $345K. In its most recent filing year (2024), Colony Swim Club Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $276K in liabilities against $719K in assets (debt-to-asset ratio: 38.4%), resulting in net assets of $443K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $341K | $345K | $719K | $276K | — | — |
| 2023 | $334K | $366K | $636K | $189K | — | — |
| 2022 | $298K | $284K | $668K | $188K | — | — |
| 2021 | $243K | $238K | $653K | $188K | — | — |
| 2020 | $287K | $278K | $644K | $184K | — | View 990 |
| 2019 | $289K | $263K | $626K | $175K | — | View 990 |
| 2018 | $289K | $255K | $597K | $172K | — | View 990 |
| 2017 | $287K | $274K | $554K | $163K | — | View 990 |
| 2016 | $245K | $263K | $543K | $166K | — | View 990 |
| 2015 | $239K | $235K | $559K | $164K | — | View 990 |
| 2014 | $241K | $237K | $554K | $162K | — | View 990 |
| 2013 | $243K | $207K | $487K | $99K | — | View 990 |
| 2012 | $248K | $239K | $461K | $110K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $341K, expenses of $345K, and assets of $719K (revenue +2.2% year-over-year).
- 2023: Revenue of $334K, expenses of $366K, and assets of $636K (revenue +11.9% year-over-year).
- 2022: Revenue of $298K, expenses of $284K, and assets of $668K (revenue +22.6% year-over-year).
- 2021: Revenue of $243K, expenses of $238K, and assets of $653K (revenue -15.3% year-over-year).
- 2020: Revenue of $287K, expenses of $278K, and assets of $644K (revenue -0.6% year-over-year).
- 2019: Revenue of $289K, expenses of $263K, and assets of $626K (revenue +0.1% year-over-year).
- 2018: Revenue of $289K, expenses of $255K, and assets of $597K (revenue +0.6% year-over-year).
- 2017: Revenue of $287K, expenses of $274K, and assets of $554K (revenue +16.9% year-over-year).
- 2016: Revenue of $245K, expenses of $263K, and assets of $543K (revenue +2.7% year-over-year).
- 2015: Revenue of $239K, expenses of $235K, and assets of $559K (revenue -0.7% year-over-year).
- 2014: Revenue of $241K, expenses of $237K, and assets of $554K (revenue -1.2% year-over-year).
- 2013: Revenue of $243K, expenses of $207K, and assets of $487K (revenue -1.8% year-over-year).
- 2012: Revenue of $248K, expenses of $239K, and assets of $461K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colony Swim Club Inc:
Data Sources and Methodology
This transparency report for Colony Swim Club Inc 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.