Hasbrouck Heights Swim Club Inc
Hasbrouck Heights Swim Club: Declining Revenue, Stable Assets, and High Liabilities
EIN: 221684221 · Hasbrouck Hts, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $231K |
| Total Expenses | $351K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0, |
| Net Assets | $370K |
| Transparency Score | 65/100 |
Is Hasbrouck Heights 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 →
Hasbrouck Heights Swim Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hasbrouck Heights Swim Club Inc
Hasbrouck Heights Swim Club Inc (EIN: 221684221) is a nonprofit organization based in Hasbrouck Hts, NJ. The organization reported total revenue of $231K and total assets of $611K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hasbrouck Heights Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hasbrouck Heights Swim Club Inc is a small nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $250K |
| Total Expenses | $351K |
| Surplus / Deficit | $-101,537 |
| Total Assets | $609K |
| Total Liabilities | $239K |
| Net Assets | $370K |
| Operating Margin | -40.7% |
| Debt-to-Asset Ratio | 39.2% |
| Months of Reserves | 20.8 months |
Financial Health Grade: B
In 2023, Hasbrouck Heights Swim Club Inc reported a deficit of $102K with expenses exceeding revenue, holds 20.8 months of operating reserves (strong position), has a debt-to-asset ratio of 39.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hasbrouck Heights Swim Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.9% | +22.9% | -21.4% |
| 2022 | -19.5% | -2.6% | -0.1% |
| 2021 | +40.9% | +20.5% | -5.1% |
| 2020 | -6.9% | -9.2% | +19.3% |
| 2019 | +9.5% | +8.4% | +2.3% |
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 Hasbrouck Heights Swim Club Inc with a Mission Score of 65 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Hasbrouck Heights Swim Club Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0, indicating an all-volunteer leadership or a structure where compensation is not disclosed in the provided filings.
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 Hasbrouck Heights Swim Club Inc's IRS 990 filings:
- Consistent decline in revenue from $407,554 in 2021 to $249,600 in 2023 raises concerns about financial sustainability.
- High liabilities, such as $238,870 in 2023, relative to revenue could indicate financial strain or significant debt.
- The organization's net assets have decreased from $775,628 in 2021 to $609,285 in 2023, signaling a reduction in financial health.
Strengths
The following positive indicators were identified for Hasbrouck Heights Swim Club Inc:
- Assets have remained relatively stable over the past few years, with $609,285 in 2023, providing some financial buffer.
- Consistent reporting of $0 compensation suggests a strong volunteer base, which can reduce operational costs.
Frequently Asked Questions about Hasbrouck Heights Swim Club Inc
Is Hasbrouck Heights Swim Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hasbrouck Heights Swim Club Inc (EIN: 221684221) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Hasbrouck Heights Swim Club Inc spend its money?
Hasbrouck Heights Swim Club Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hasbrouck Heights Swim Club Inc tax-deductible?
Hasbrouck Heights Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 221684221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hasbrouck Heights Swim Club Inc CEO make?
Hasbrouck Heights Swim Club Inc's highest-compensated officer earns $0, annually. The organization reported $231K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hasbrouck Heights Swim Club Inc's spending goes to programs?
Hasbrouck Heights Swim Club Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Hasbrouck Heights Swim Club Inc located?
Hasbrouck Heights Swim Club Inc is headquartered in Hasbrouck Hts, New Jersey and files with the IRS under EIN 221684221.
How many years of IRS 990 filings does Hasbrouck Heights Swim Club Inc have?
Hasbrouck Heights 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 $231K in total revenue.
What does Hasbrouck Heights Swim Club Inc do?
Hasbrouck Heights Swim Club Inc is a nonprofit organization in the Unknown sector, located in Hasbrouck Hts, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Hasbrouck Heights Swim Club Inc have?
Hasbrouck Heights Swim Club Inc reported total revenue of $231,116. Based on 13 IRS 990 filings on record.
What are Hasbrouck Heights Swim Club Inc's total assets?
Hasbrouck Heights Swim Club Inc holds total assets of $611,226 as reported in IRS 990 filings.
Where is Hasbrouck Heights Swim Club Inc located?
Hasbrouck Heights Swim Club Inc is based in Hasbrouck Hts, New Jersey.
What is Hasbrouck Heights Swim Club Inc's EIN?
Hasbrouck Heights Swim Club Inc's Employer Identification Number (EIN) is 221684221. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hasbrouck Heights Swim Club Inc?
Hasbrouck Heights Swim Club Inc is classified under NTEE code Unknown (Unknown).
Is Hasbrouck Heights Swim Club Inc a registered 501(c)(3)?
Hasbrouck Heights Swim Club Inc appears in IRS records (EIN: 221684221). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hasbrouck Heights Swim Club Inc file IRS Form 990?
Yes, Hasbrouck Heights Swim Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Hasbrouck Heights Swim Club Inc's revenue in 2023?
In the 202309 filing period, Hasbrouck Heights Swim Club Inc reported total revenue of $249,600, total expenses of $351,137, and net assets of $609,285.
Is Hasbrouck Heights Swim Club Inc's revenue growing or declining?
Hasbrouck Heights Swim Club Inc's revenue is declining. Revenue went from $328,043 (202209) to $249,600 (202309), a -23.9% change. Based on 13 filings on record.
What is Hasbrouck Heights Swim Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hasbrouck Heights Swim Club Inc covers tax period 202309. It shows revenue of $249,600, expenses of $351,137, total assets of $609,285, and liabilities of $238,870.
How much does Hasbrouck Heights Swim Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Hasbrouck Heights Swim Club Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Hasbrouck Heights Swim Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hasbrouck Heights Swim Club Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Hasbrouck Heights Swim Club Inc?
The following concerns were identified: Consistent decline in revenue from $407,554 in 2021 to $249,600 in 2023 raises concerns about financial sustainability.. High liabilities, such as $238,870 in 2023, relative to revenue could indicate financial strain or significant debt.. The organization's net assets have decreased from $775,628 in 2021 to $609,285 in 2023, signaling a reduction in financial health.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hasbrouck Heights Swim Club Inc's strengths?
Positive indicators for Hasbrouck Heights Swim Club Inc include: Assets have remained relatively stable over the past few years, with $609,285 in 2023, providing some financial buffer.. Consistent reporting of $0 compensation suggests a strong volunteer base, which can reduce operational costs.. These findings are derived from AI analysis of the organization's financial filings.
How does Hasbrouck Heights Swim Club Inc compensate executives?
Executive compensation is consistently reported as $0, indicating an all-volunteer leadership or a structure where compensation is not disclosed in the provided filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue and high liabilities, what strategies are in place to ensure the long-term financial viability of the Hasbrouck Heights Swim Club?
The provided data does not detail specific strategies, but the trend suggests a need for revenue diversification or cost-cutting measures beyond volunteer labor to address the declining income and substantial liabilities.
How does the organization manage its operational expenses and maintain its facilities with consistently reported $0 executive compensation and declining revenue?
The consistent $0 executive compensation implies a reliance on volunteer efforts for leadership and potentially for many operational tasks. However, with declining revenue, maintaining facilities and covering other expenses would require careful budgeting and potentially external funding or membership fee adjustments.
Filing History
IRS 990 filing history for Hasbrouck Heights Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hasbrouck Heights Swim Club Inc's revenue has declined by 2.4%, moving from $256K to $250K. Total assets increased by 158.2% over the same period, from $236K to $609K. Total functional expenses rose by 50.6%, from $233K to $351K. In its most recent filing year (2023), Hasbrouck Heights Swim Club Inc reported a deficit of $102K, with expenses exceeding revenue. The organization holds $239K in liabilities against $609K in assets (debt-to-asset ratio: 39.2%), resulting in net assets of $370K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $250K | $351K | $609K | $239K | — | — |
| 2022 | $328K | $286K | $775K | $285K | — | View 990 |
| 2021 | $408K | $294K | $776K | $327K | — | View 990 |
| 2020 | $289K | $244K | $817K | $531K | — | View 990 |
| 2019 | $311K | $268K | $685K | $408K | — | View 990 |
| 2018 | $284K | $247K | $669K | $440K | — | View 990 |
| 2017 | $266K | $244K | $230K | $38K | — | View 990 |
| 2016 | $269K | $260K | $203K | $33K | — | View 990 |
| 2015 | $279K | $271K | $223K | $61K | — | View 990 |
| 2014 | $292K | $240K | $224K | $70K | — | View 990 |
| 2013 | $258K | $280K | $152K | $50K | — | View 990 |
| 2012 | $249K | $282K | $151K | $26K | — | View 990 |
| 2011 | $256K | $233K | $236K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $250K, expenses of $351K, and assets of $609K (revenue -23.9% year-over-year).
- 2022: Revenue of $328K, expenses of $286K, and assets of $775K (revenue -19.5% year-over-year).
- 2021: Revenue of $408K, expenses of $294K, and assets of $776K (revenue +40.9% year-over-year).
- 2020: Revenue of $289K, expenses of $244K, and assets of $817K (revenue -6.9% year-over-year).
- 2019: Revenue of $311K, expenses of $268K, and assets of $685K (revenue +9.5% year-over-year).
- 2018: Revenue of $284K, expenses of $247K, and assets of $669K (revenue +6.7% year-over-year).
- 2017: Revenue of $266K, expenses of $244K, and assets of $230K (revenue -1.0% year-over-year).
- 2016: Revenue of $269K, expenses of $260K, and assets of $203K (revenue -3.8% year-over-year).
- 2015: Revenue of $279K, expenses of $271K, and assets of $223K (revenue -4.2% year-over-year).
- 2014: Revenue of $292K, expenses of $240K, and assets of $224K (revenue +13.0% year-over-year).
- 2013: Revenue of $258K, expenses of $280K, and assets of $152K (revenue +3.7% year-over-year).
- 2012: Revenue of $249K, expenses of $282K, and assets of $151K (revenue -2.8% year-over-year).
- 2011: Revenue of $256K, expenses of $233K, and assets of $236K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hasbrouck Heights Swim Club Inc:
Data Sources and Methodology
This transparency report for Hasbrouck Heights 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.