Kodiak Kingfishers Swim Club Inc
Kodiak Kingfishers Swim Club Inc shows consistent asset growth and zero liabilities in recent years.
EIN: 204875337 · Kodiak, AK · NTEE: N67 · Updated: 2026-03-28
Is Kodiak Kingfishers Swim Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kodiak Kingfishers Swim Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kodiak Kingfishers Swim Club Inc
Kodiak Kingfishers Swim Club Inc (EIN: 204875337) is a nonprofit organization based in Kodiak, AK, classified under NTEE code N67. The organization reported total revenue of $95K and total assets of $78K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kodiak Kingfishers Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kodiak Kingfishers Swim Club Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $61K |
| Surplus / Deficit | +$15K |
| Total Assets | $80K |
| Net Assets | $80K |
| Operating Margin | 20.2% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2023, Kodiak Kingfishers Swim Club Inc reported a surplus of $15K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Kodiak Kingfishers Swim Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.4% | -11.5% | +22.4% |
| 2022 | +25.0% | +33.7% | +21.4% |
| 2021 | +27.2% | +9.6% | +29.7% |
| 2020 | -29.4% | -43.7% | +8.2% |
| 2019 | -21.5% | -10.9% | -23.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Kodiak Kingfishers Swim Club Inc with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Kodiak Kingfishers Swim Club Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $15K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly efficient for an organization of its size with annual revenues around $75,000.
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.
Strengths
The following positive indicators were identified for Kodiak Kingfishers Swim Club Inc:
- Consistent asset growth, from $41,687 in 2020 to $80,391 in 2023.
- Zero liabilities reported in the last three fiscal periods (2021-2023).
- 0% officer compensation across all filings, indicating high spending efficiency.
- Positive net income in the last three fiscal periods (2021-2023).
- Robust filing history with 13 IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Kodiak Kingfishers Swim Club Inc
Is Kodiak Kingfishers Swim Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kodiak Kingfishers Swim Club Inc (EIN: 204875337) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Kodiak Kingfishers Swim Club Inc spend its money?
Kodiak Kingfishers Swim Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kodiak Kingfishers Swim Club Inc tax-deductible?
Kodiak Kingfishers Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 204875337). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kodiak Kingfishers Swim Club Inc a good charity?
Based on the provided financial data, Kodiak Kingfishers Swim Club Inc appears to be a very good charity. It demonstrates strong financial health with growing assets and zero liabilities in recent years, and a highly efficient spending model with 0% officer compensation.
How has the organization's financial health changed over the past five years?
The organization's financial health has improved significantly over the past five years. Assets have nearly doubled from $41,687 in 2020 to $80,391 in 2023, and liabilities have been reduced to zero since 2021, indicating strong financial management.
What is the trend in revenue and expenses?
Revenue has fluctuated but shows a general upward trend, from $49,979 in 2020 to $75,985 in 2023. Expenses have also increased but have consistently remained below revenue in the last three years, leading to positive net income.
Does the organization have any debt?
No, the organization has reported $0 in liabilities for the fiscal periods ending 2021, 2022, and 2023, indicating it is currently debt-free.
Filing History
IRS 990 filing history for Kodiak Kingfishers Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kodiak Kingfishers Swim Club Inc's revenue has declined by 9.5%, moving from $84K to $76K. Total functional expenses fell by 17.9%, from $74K to $61K. In its most recent filing year (2023), Kodiak Kingfishers Swim Club Inc reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $61K | $80K | $0 | — | View 990 |
| 2022 | $79K | $68K | $66K | $0 | — | — |
| 2021 | $64K | $51K | $54K | $0 | — | View 990 |
| 2020 | $50K | $47K | $42K | $0 | — | View 990 |
| 2019 | $71K | $83K | $39K | $115 | — | View 990 |
| 2018 | $90K | $93K | $50K | $982 | — | View 990 |
| 2017 | $65K | $70K | $59K | $7K | — | View 990 |
| 2016 | $70K | $76K | $62K | $6K | — | View 990 |
| 2015 | $81K | $82K | $71K | $8K | — | View 990 |
| 2014 | $83K | $94K | $66K | $615 | — | View 990 |
| 2013 | $93K | $90K | $77K | $0 | — | View 990 |
| 2012 | $68K | $61K | $74K | $0 | — | View 990 |
| 2011 | $84K | $74K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $61K, and assets of $80K (revenue -4.4% year-over-year).
- 2022: Revenue of $79K, expenses of $68K, and assets of $66K (revenue +25.0% year-over-year).
- 2021: Revenue of $64K, expenses of $51K, and assets of $54K (revenue +27.2% year-over-year).
- 2020: Revenue of $50K, expenses of $47K, and assets of $42K (revenue -29.4% year-over-year).
- 2019: Revenue of $71K, expenses of $83K, and assets of $39K (revenue -21.5% year-over-year).
- 2018: Revenue of $90K, expenses of $93K, and assets of $50K (revenue +38.3% year-over-year).
- 2017: Revenue of $65K, expenses of $70K, and assets of $59K (revenue -6.6% year-over-year).
- 2016: Revenue of $70K, expenses of $76K, and assets of $62K (revenue -13.2% year-over-year).
- 2015: Revenue of $81K, expenses of $82K, and assets of $71K (revenue -2.6% year-over-year).
- 2014: Revenue of $83K, expenses of $94K, and assets of $66K (revenue -11.1% year-over-year).
- 2013: Revenue of $93K, expenses of $90K, and assets of $77K (revenue +37.8% year-over-year).
- 2012: Revenue of $68K, expenses of $61K, and assets of $74K (revenue -19.6% year-over-year).
- 2011: Revenue of $84K, expenses of $74K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kodiak Kingfishers Swim Club Inc:
Data Sources and Methodology
This transparency report for Kodiak Kingfishers 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.