Cranford Swimming Club Inc

About Cranford Swimming Club Inc

Cranford Swimming Club Inc (EIN: 221550462) is a nonprofit organization based in Cranford, NJ, classified under NTEE code N67. The organization reported total revenue of $366K and total assets of $839K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cranford Swimming Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cranford Swimming Club Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
• fundraising: 10%

According to IRS 990 filings, Cranford Swimming Club Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very low-cost leadership structure.

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 Cranford Swimming Club Inc's IRS 990 filings:

• The organization's liquidity (current assets to current liabilities) has been steadily declining, with current assets at $827,124 and liabilities at $453,386 in 2023, down from $854,944 and $597,619 respectively in 2017.
• Despite consistent revenue, the organization's net assets have shown a slight decline over the years, from $854,944 in 2017 to $827,124 in 2023.

Strengths

The following positive indicators were identified for Cranford Swimming Club Inc:

• Cranford Swimming Club Inc has maintained a stable revenue stream, consistently around $250,000-$330,000 annually over the past seven years.
• The organization reports no compensation for officers, directors, trustees, or key employees, indicating a high level of volunteerism and potentially lower administrative costs.
• Total liabilities have decreased significantly from $597,619 in 2017 to $453,386 in 2023, improving the organization's financial health.
• The organization consistently reports 0% fundraising expenses, suggesting efficient fundraising or reliance on other revenue streams.

Frequently Asked Questions about Cranford Swimming Club Inc

Filing History

IRS 990 filing history for Cranford Swimming Club Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cranford Swimming Club Inc's revenue has grown by 36.8%, moving from $242K to $331K. Total assets decreased by 1.7% over the same period, from $841K to $827K. Total functional expenses rose by 13.9%, from $246K to $280K. In its most recent filing year (2023), Cranford Swimming Club Inc reported a surplus of $51K, with revenue exceeding expenses. The organization holds $453K in liabilities against $827K in assets (debt-to-asset ratio: 54.8%), resulting in net assets of $374K.

Year-by-Year Financial Summary

• 2023: Revenue of $331K, expenses of $280K, and assets of $827K (revenue +3.8% year-over-year).
• 2022: Revenue of $319K, expenses of $304K, and assets of $797K (revenue -4.8% year-over-year).
• 2021: Revenue of $335K, expenses of $316K, and assets of $810K (revenue +30.2% year-over-year).
• 2020: Revenue of $257K, expenses of $249K, and assets of $808K (revenue -3.0% year-over-year).
• 2019: Revenue of $265K, expenses of $239K, and assets of $795K (revenue +9.1% year-over-year).
• 2018: Revenue of $243K, expenses of $251K, and assets of $821K (revenue -12.1% year-over-year).
• 2017: Revenue of $277K, expenses of $238K, and assets of $855K (revenue -1.7% year-over-year).
• 2016: Revenue of $282K, expenses of $248K, and assets of $877K (revenue +2.2% year-over-year).
• 2015: Revenue of $276K, expenses of $293K, and assets of $801K (revenue -5.3% year-over-year).
• 2014: Revenue of $291K, expenses of $344K, and assets of $810K (revenue -0.2% year-over-year).
• 2013: Revenue of $291K, expenses of $278K, and assets of $842K (revenue +13.3% year-over-year).
• 2012: Revenue of $257K, expenses of $258K, and assets of $843K (revenue +6.2% year-over-year).
• 2011: Revenue of $242K, expenses of $246K, and assets of $841K.

Data Sources and Methodology

This transparency report for Cranford Swimming 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.