Jersey Wahoos Swim Club Inc
Jersey Wahoos Swim Club: Consistent Operations, Modest Growth
EIN: 222004362 · Mount Laurel, NJ · NTEE: N66 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Jersey Wahoos 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 →
Jersey Wahoos Swim Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jersey Wahoos Swim Club Inc
Jersey Wahoos Swim Club Inc (EIN: 222004362) is a nonprofit organization based in Mount Laurel, NJ, classified under NTEE code N66. The organization reported total revenue of $1.8M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jersey Wahoos Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jersey Wahoos Swim Club Inc is a mid-size nonprofit that has been operating for 8 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-46,151 |
| Total Assets | $2.0M |
| Total Liabilities | $649K |
| Net Assets | $1.3M |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 33.2% |
| Months of Reserves | 14.3 months |
Financial Health Grade: B
In 2023, Jersey Wahoos Swim Club Inc reported a deficit of $46K with expenses exceeding revenue, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 33.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Jersey Wahoos Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.2% | +9.6% | -1.6% |
| 2022 | +69.8% | +28.4% | +13.4% |
| 2021 | +22.9% | +4.5% | -6.0% |
| 2020 | -27.8% | -22.9% | +27.9% |
| 2019 | -10.6% | -10.5% | +31.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
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 Jersey Wahoos Swim 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, Jersey Wahoos Swim 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific figures for key employees are not provided in the available financial data.
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 Jersey Wahoos Swim Club Inc's IRS 990 filings:
- Lack of detailed program spending breakdown beyond general 'expenses' makes it difficult to assess direct mission impact.
- No specific information on executive compensation, which is a common area for scrutiny in nonprofits.
Strengths
The following positive indicators were identified for Jersey Wahoos Swim Club Inc:
- Consistent revenue generation over several years, demonstrating operational stability.
- Healthy asset base relative to liabilities, indicating financial solvency.
- Low liability-to-asset ratio (e.g., $648,795 liabilities vs. $1,955,942 assets in 2023) suggests good financial management.
Frequently Asked Questions about Jersey Wahoos Swim Club Inc
Is Jersey Wahoos Swim Club Inc a legitimate charity?
Jersey Wahoos Swim Club Inc (EIN: 222004362) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Jersey Wahoos Swim Club Inc spend its money?
Jersey Wahoos Swim Club Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Jersey Wahoos Swim Club Inc tax-deductible?
Jersey Wahoos Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 222004362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jersey Wahoos Swim Club Inc's spending goes to programs?
Jersey Wahoos Swim Club Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jersey Wahoos Swim Club Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Jersey Wahoos Swim Club Inc is above average for NTEE category N66 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jersey Wahoos Swim Club Inc located?
Jersey Wahoos Swim Club Inc is headquartered in Mount Laurel, New Jersey and files with the IRS under EIN 222004362. It is classified under NTEE code N66.
How many years of IRS 990 filings does Jersey Wahoos Swim Club Inc have?
Jersey Wahoos 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 $1.8M in total revenue.
What does Jersey Wahoos Swim Club Inc do?
Jersey Wahoos Swim Club Inc is a nonprofit organization in the Recreation & Sports sector, located in Mount Laurel, New Jersey. It is classified under NTEE code N66.
How much revenue does Jersey Wahoos Swim Club Inc have?
Jersey Wahoos Swim Club Inc reported total revenue of $1,789,940. Based on 13 IRS 990 filings on record.
What are Jersey Wahoos Swim Club Inc's total assets?
Jersey Wahoos Swim Club Inc holds total assets of $2,148,317 as reported in IRS 990 filings.
Where is Jersey Wahoos Swim Club Inc located?
Jersey Wahoos Swim Club Inc is based in Mount Laurel, New Jersey.
What is Jersey Wahoos Swim Club Inc's EIN?
Jersey Wahoos Swim Club Inc's Employer Identification Number (EIN) is 222004362. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Jersey Wahoos Swim Club Inc?
Jersey Wahoos Swim Club Inc is classified under NTEE code N66 (Recreation & Sports).
Is Jersey Wahoos Swim Club Inc a registered 501(c)(3)?
Yes, Jersey Wahoos Swim Club Inc is recognized as a tax-exempt organization by the IRS. EIN: 222004362.
Does Jersey Wahoos Swim Club Inc file IRS Form 990?
Yes, Jersey Wahoos Swim Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Jersey Wahoos Swim Club Inc's revenue in 2023?
In the 202308 filing period, Jersey Wahoos Swim Club Inc reported total revenue of $1,589,898, total expenses of $1,636,049, and net assets of $1,955,942.
Is Jersey Wahoos Swim Club Inc's revenue growing or declining?
Jersey Wahoos Swim Club Inc's revenue is declining. Revenue went from $2,096,767 (202208) to $1,589,898 (202308), a -24.2% change. Based on 13 filings on record.
What is Jersey Wahoos Swim Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Jersey Wahoos Swim Club Inc covers tax period 202308. It shows revenue of $1,589,898, expenses of $1,636,049, total assets of $1,955,942, and liabilities of $648,795.
How much does Jersey Wahoos Swim Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Jersey Wahoos Swim Club Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Jersey Wahoos Swim Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Jersey Wahoos Swim Club Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Jersey Wahoos Swim Club Inc?
The following concerns were identified: Lack of detailed program spending breakdown beyond general 'expenses' makes it difficult to assess direct mission impact.. No specific information on executive compensation, which is a common area for scrutiny in nonprofits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Jersey Wahoos Swim Club Inc's strengths?
Positive indicators for Jersey Wahoos Swim Club Inc include: Consistent revenue generation over several years, demonstrating operational stability.. Healthy asset base relative to liabilities, indicating financial solvency.. Low liability-to-asset ratio (e.g., $648,795 liabilities vs. $1,955,942 assets in 2023) suggests good financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Jersey Wahoos Swim Club Inc compensate executives?
Executive compensation cannot be assessed as specific figures for key employees are not provided in the available financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Jersey Wahoos Swim Club Inc?
- Financial data consistently reported across multiple years, indicating a routine filing process. - No specific program details or impact metrics are readily available in the provided financial summary. - Compensation details for key personnel are not itemized in the provided data, limiting a full transparency assessment. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization ensure its 'expenses' directly align with its mission of promoting swimming, given the lack of detailed program reporting?
Without a more granular breakdown of expenses beyond the total 'x' figure (e.g., $1,636,049 in 2023), it's challenging to ascertain the direct allocation to specific swimming programs, coaching, facility maintenance, or competitive events. Further detail would be needed to confirm mission alignment.
What is the strategy behind the fluctuation in total assets and liabilities over the years, and how does it impact long-term sustainability?
Total assets have shown some variability (e.g., $1,458,808 in 2019 to $1,955,942 in 2023), as have liabilities (e.g., $165,999 in 2018 to $648,795 in 2023). While the organization generally maintains a strong asset-to-liability ratio, understanding the drivers behind these changes (e.g., capital investments, debt management) would provide insight into their long-term financial planning and sustainability.
Filing History
IRS 990 filing history for Jersey Wahoos Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jersey Wahoos Swim Club Inc's revenue has grown by 8.5%, moving from $1.5M to $1.6M. Total assets increased by 28.4% over the same period, from $1.5M to $2.0M. Total functional expenses rose by 22.6%, from $1.3M to $1.6M. In its most recent filing year (2023), Jersey Wahoos Swim Club Inc reported a deficit of $46K, with expenses exceeding revenue. The organization holds $649K in liabilities against $2.0M in assets (debt-to-asset ratio: 33.2%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $2.0M | $649K | — | View 990 |
| 2022 | $2.1M | $1.5M | $2.0M | $614K | — | View 990 |
| 2021 | $1.2M | $1.2M | $1.8M | $920K | — | View 990 |
| 2020 | $1.0M | $1.1M | $1.9M | $1.1M | — | View 990 |
| 2019 | $1.4M | $1.4M | $1.5M | $567K | — | View 990 |
| 2018 | $1.6M | $1.6M | $1.1M | $166K | — | View 990 |
| 2017 | $1.5M | $1.7M | $1.6M | $187K | — | View 990 |
| 2016 | $1.5M | $1.6M | $1.7M | $166K | — | View 990 |
| 2015 | $1.5M | $1.4M | $1.8M | $193K | — | View 990 |
| 2014 | $1.5M | $1.4M | $1.7M | $164K | — | View 990 |
| 2013 | $1.5M | $1.4M | $1.6M | $151K | — | View 990 |
| 2012 | $1.5M | $1.4M | $1.6M | $216K | — | View 990 |
| 2011 | $1.5M | $1.3M | $1.5M | $248K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $2.0M (revenue -24.2% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.5M, and assets of $2.0M (revenue +69.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $1.8M (revenue +22.9% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.1M, and assets of $1.9M (revenue -27.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $1.5M (revenue -10.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $1.1M (revenue +1.3% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.7M, and assets of $1.6M (revenue +2.5% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.6M, and assets of $1.7M (revenue -0.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $1.8M (revenue +0.6% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $1.7M (revenue -0.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $1.6M (revenue +2.1% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $1.6M (revenue +1.1% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.3M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jersey Wahoos Swim Club Inc:
Data Sources and Methodology
This transparency report for Jersey Wahoos 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.