Magic Valley Marlins Swim Team Inc
EIN: 820450902 · Twin Falls, ID · NTEE: N67Z
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $94K |
| Net Assets | $16K |
Is Magic Valley Marlins Swim Team Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magic Valley Marlins Swim Team Inc
Magic Valley Marlins Swim Team Inc (EIN: 820450902) is a nonprofit organization based in Twin Falls, ID, classified under NTEE code N67Z. The organization reported total revenue of $83K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magic Valley Marlins Swim Team Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magic Valley Marlins Swim Team Inc is a micro nonprofit that has been operating for 32 years, with 6 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $94K |
| Surplus / Deficit | $-16,130 |
| Total Assets | $18K |
| Total Liabilities | $2K |
| Net Assets | $16K |
| Operating Margin | -20.8% |
| Debt-to-Asset Ratio | 10.0% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Magic Valley Marlins Swim Team Inc reported a deficit of $16K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 10.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2023), Magic Valley Marlins Swim Team Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | +4.0% | -47.4% |
| 2022 | -4.7% | -1.2% | -0.1% |
| 2021 | +98.7% | +68.2% | +8.6% |
| 2020 | -41.9% | -41.2% | -18.2% |
| 2019 | +86.6% | +105.3% | -19.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Magic Valley Marlins Swim Team Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Magic Valley Marlins Swim Team Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.0%.
Frequently Asked Questions about Magic Valley Marlins Swim Team Inc
Is Magic Valley Marlins Swim Team Inc a legitimate charity?
Magic Valley Marlins Swim Team Inc (EIN: 820450902) is a registered tax-exempt nonprofit based in Idaho. It has 6 years of IRS 990 filings on record. Total revenue: $83K. No red flags identified. Financial health grade: C.
How does Magic Valley Marlins Swim Team Inc spend its money?
Magic Valley Marlins Swim Team Inc reported $83K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Magic Valley Marlins Swim Team Inc tax-deductible?
Magic Valley Marlins Swim Team Inc is registered as a tax-exempt nonprofit (EIN: 820450902). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Magic Valley Marlins Swim Team Inc located?
Magic Valley Marlins Swim Team Inc is headquartered in Twin Falls, Idaho and files with the IRS under EIN 820450902. It is classified under NTEE code N67Z.
How many years of IRS 990 filings does Magic Valley Marlins Swim Team Inc have?
Magic Valley Marlins Swim Team Inc has 6 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 $83K in total revenue.
Filing History
IRS 990 filing history for Magic Valley Marlins Swim Team Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2023), Magic Valley Marlins Swim Team Inc's revenue has grown by 77.3%, moving from $44K to $77K. Total assets decreased by 62.6% over the same period, from $48K to $18K. Total functional expenses rose by 108.6%, from $45K to $94K. In its most recent filing year (2023), Magic Valley Marlins Swim Team Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $2K in liabilities against $18K in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $94K | $18K | $2K | — | — |
| 2022 | $90K | $90K | $34K | $2K | — | View 990 |
| 2021 | $94K | $91K | $34K | $2K | — | View 990 |
| 2020 | $47K | $54K | $31K | $2K | — | — |
| 2019 | $81K | $92K | $38K | $2K | — | View 990 |
| 2011 | $44K | $45K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $94K, and assets of $18K (revenue -13.6% year-over-year).
- 2022: Revenue of $90K, expenses of $90K, and assets of $34K (revenue -4.7% year-over-year).
- 2021: Revenue of $94K, expenses of $91K, and assets of $34K (revenue +98.7% year-over-year).
- 2020: Revenue of $47K, expenses of $54K, and assets of $31K (revenue -41.9% year-over-year).
- 2019: Revenue of $81K, expenses of $92K, and assets of $38K (revenue +86.6% year-over-year).
- 2011: Revenue of $44K, expenses of $45K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magic Valley Marlins Swim Team Inc:
Data Sources and Methodology
This transparency report for Magic Valley Marlins Swim Team 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.