Covered Bridge Swim Club Inc
Covered Bridge Swim Club Inc shows consistent asset growth and zero reported officer compensation despite fluctuating annual revenues and occasional deficits.
EIN: 210728329 · Cherry Hill, NJ · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $427K |
| Total Expenses | $376K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $810K |
| Transparency Score | 85/100 |
Is Covered Bridge Swim Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Covered Bridge Swim Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covered Bridge Swim Club Inc
Covered Bridge Swim Club Inc (EIN: 210728329) is a nonprofit organization based in Cherry Hill, NJ, classified under NTEE code N50. The organization reported total revenue of $427K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covered Bridge Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covered Bridge Swim Club Inc is a small nonprofit that has been operating for 64 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $323K |
| Total Expenses | $376K |
| Surplus / Deficit | $-53,075 |
| Total Assets | $1.0M |
| Total Liabilities | $219K |
| Net Assets | $810K |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 21.3% |
| Months of Reserves | 32.8 months |
Financial Health Grade: B
In 2024, Covered Bridge Swim Club Inc reported a deficit of $53K with expenses exceeding revenue, holds 32.8 months of operating reserves (strong position), has a debt-to-asset ratio of 21.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Covered Bridge Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -37.3% | +21.9% | -5.6% |
| 2023 | +32.1% | +22.5% | +22.3% |
| 2022 | +117.8% | +43.9% | +13.7% |
| 2021 | -26.6% | -15.9% | -2.0% |
| 2020 | -10.2% | -41.9% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
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 Covered Bridge Swim Club Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Covered Bridge Swim Club Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through other means not reported as officer compensation, which is highly favorable for an organization of its size with over $1 million in assets.
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 Covered Bridge Swim Club Inc's IRS 990 filings:
- Occasional periods of expenses exceeding revenue (e.g., 2024, 2019, 2018, 2016) could indicate reliance on reserves or inconsistent financial planning if not managed carefully.
Strengths
The following positive indicators were identified for Covered Bridge Swim Club Inc:
- Consistent asset growth, reaching over $1 million, demonstrates financial stability and effective long-term management.
- 0% reported officer compensation across all filings indicates strong volunteer leadership or highly efficient use of funds.
- Regular IRS 990 filings (14 total) demonstrate a commitment to transparency.
- Healthy asset-to-liability ratio, with assets significantly exceeding liabilities in most periods.
Frequently Asked Questions about Covered Bridge Swim Club Inc
Is Covered Bridge Swim Club Inc a legitimate charity?
Covered Bridge Swim Club Inc (EIN: 210728329) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $427K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Covered Bridge Swim Club Inc spend its money?
Covered Bridge Swim Club Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Covered Bridge Swim Club Inc tax-deductible?
Covered Bridge Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 210728329). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Covered Bridge Swim Club Inc CEO make?
Covered Bridge Swim Club Inc's highest-compensated officer earns $1 annually. The organization reported $427K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Covered Bridge Swim Club Inc's spending goes to programs?
Covered Bridge Swim Club Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Covered Bridge Swim Club Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Covered Bridge Swim Club Inc is above average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Covered Bridge Swim Club Inc located?
Covered Bridge Swim Club Inc is headquartered in Cherry Hill, New Jersey and files with the IRS under EIN 210728329. It is classified under NTEE code N50.
How many years of IRS 990 filings does Covered Bridge Swim Club Inc have?
Covered Bridge Swim Club Inc has 14 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 $427K in total revenue.
How does Covered Bridge Swim Club Inc manage its expenses during years when they exceed revenue?
In periods like 2024 (expenses $376,097 vs. revenue $323,022) and 2019 (expenses $358,065 vs. revenue $272,040), the organization likely draws from its accumulated assets or reserves to cover the deficit, as its assets have generally grown over time despite these occasional shortfalls.
What is the primary source of the organization's revenue?
While not explicitly detailed in the provided data, for a swim club (NTEE N50), primary revenue sources typically include membership fees, program fees, and potentially facility rentals or concessions. The fluctuations suggest reliance on seasonal or event-driven income.
What is the long-term trend of the organization's liabilities?
Liabilities have fluctuated but generally remained within a manageable range relative to assets. For example, in 2024, liabilities were $219,049 against assets of $1,028,996, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Covered Bridge Swim Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Covered Bridge Swim Club Inc's revenue has grown by 89.5%, moving from $170K to $323K. Total assets increased by 49.1% over the same period, from $690K to $1.0M. Total functional expenses rose by 131%, from $163K to $376K. In its most recent filing year (2024), Covered Bridge Swim Club Inc reported a deficit of $53K, with expenses exceeding revenue. The organization holds $219K in liabilities against $1.0M in assets (debt-to-asset ratio: 21.3%), resulting in net assets of $810K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $323K | $376K | $1.0M | $219K | — | — |
| 2023 | $516K | $308K | $1.1M | $228K | — | View 990 |
| 2022 | $390K | $252K | $892K | $236K | — | View 990 |
| 2021 | $179K | $175K | $784K | $251K | — | — |
| 2020 | $244K | $208K | $801K | $271K | — | View 990 |
| 2019 | $272K | $358K | $764K | $271K | — | View 990 |
| 2018 | $204K | $209K | $774K | $195K | — | View 990 |
| 2017 | $205K | $171K | $730K | $146K | — | View 990 |
| 2016 | $160K | $172K | $705K | $155K | — | View 990 |
| 2015 | $191K | $155K | $725K | $163K | — | View 990 |
| 2014 | $159K | $145K | $698K | $171K | — | View 990 |
| 2013 | $168K | $162K | $690K | $177K | — | View 990 |
| 2012 | $163K | $158K | $690K | $183K | — | View 990 |
| 2011 | $170K | $163K | $690K | $189K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $323K, expenses of $376K, and assets of $1.0M (revenue -37.3% year-over-year).
- 2023: Revenue of $516K, expenses of $308K, and assets of $1.1M (revenue +32.1% year-over-year).
- 2022: Revenue of $390K, expenses of $252K, and assets of $892K (revenue +117.8% year-over-year).
- 2021: Revenue of $179K, expenses of $175K, and assets of $784K (revenue -26.6% year-over-year).
- 2020: Revenue of $244K, expenses of $208K, and assets of $801K (revenue -10.2% year-over-year).
- 2019: Revenue of $272K, expenses of $358K, and assets of $764K (revenue +33.4% year-over-year).
- 2018: Revenue of $204K, expenses of $209K, and assets of $774K (revenue -0.7% year-over-year).
- 2017: Revenue of $205K, expenses of $171K, and assets of $730K (revenue +28.5% year-over-year).
- 2016: Revenue of $160K, expenses of $172K, and assets of $705K (revenue -16.1% year-over-year).
- 2015: Revenue of $191K, expenses of $155K, and assets of $725K (revenue +19.8% year-over-year).
- 2014: Revenue of $159K, expenses of $145K, and assets of $698K (revenue -5.1% year-over-year).
- 2013: Revenue of $168K, expenses of $162K, and assets of $690K (revenue +2.5% year-over-year).
- 2012: Revenue of $163K, expenses of $158K, and assets of $690K (revenue -4.1% year-over-year).
- 2011: Revenue of $170K, expenses of $163K, and assets of $690K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covered Bridge Swim Club Inc:
Data Sources and Methodology
This transparency report for Covered Bridge 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.