New Milford Swim Club
New Milford Swim Club: Declining Assets and Revenue Concerns
EIN: 221659958 · New Milford, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $232K |
| Total Expenses | $235K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-105,612 |
| Transparency Score | 65/100 |
Is New Milford Swim Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Milford Swim Club directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Milford Swim Club
New Milford Swim Club (EIN: 221659958) is a nonprofit organization based in New Milford, NJ. The organization reported total revenue of $232K and total assets of $698 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Milford Swim Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Milford Swim Club is a small nonprofit that has been operating for 65 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $166K |
| Total Expenses | $235K |
| Surplus / Deficit | $-68,399 |
| Total Assets | $124K |
| Total Liabilities | $230K |
| Net Assets | $-105,612 |
| Operating Margin | -41.1% |
| Debt-to-Asset Ratio | 185.2% |
| Months of Reserves | 6.3 months |
Financial Health Grade: C
In 2022, New Milford Swim Club reported a deficit of $68K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 185.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), New Milford Swim Club's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -40.4% | -17.1% | -38.5% |
| 2021 | +221.1% | +88.0% | -1.4% |
| 2020 | -69.9% | -54.6% | -26.8% |
| 2019 | +8.6% | +7.4% | -16.6% |
| 2018 | +4.9% | +6.7% | -11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1961 |
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 New Milford Swim Club 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Milford Swim Club allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 185.2%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting either volunteer leadership or compensation is not disclosed in this section.
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 New Milford Swim Club's IRS 990 filings:
- Significant and consistent decline in total assets over the past eight years, from $440,136 in 2015 to $123,888 in 2022.
- Revenue dropped by over $110,000 from 2021 to 2022, raising questions about financial stability.
- Expenses frequently exceed revenue, as seen in 2022 ($166,278 revenue vs. $234,677 expenses).
Strengths
The following positive indicators were identified for New Milford Swim Club:
- Consistent reporting of financial data over multiple years.
- No reported executive compensation, which can be a positive for donor perception if leadership is volunteer-based.
Frequently Asked Questions about New Milford Swim Club
Is New Milford Swim Club a legitimate charity?
Based on AI analysis of IRS 990 filings, New Milford Swim Club (EIN: 221659958) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does New Milford Swim Club spend its money?
New Milford Swim Club directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Milford Swim Club tax-deductible?
New Milford Swim Club is registered as a tax-exempt nonprofit (EIN: 221659958). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Milford Swim Club CEO make?
New Milford Swim Club's highest-compensated officer earns $0 annually. The organization reported $232K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Milford Swim Club's spending goes to programs?
New Milford Swim Club directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New Milford Swim Club located?
New Milford Swim Club is headquartered in New Milford, New Jersey and files with the IRS under EIN 221659958.
How many years of IRS 990 filings does New Milford Swim Club have?
New Milford Swim Club has 12 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 $232K in total revenue.
What does New Milford Swim Club do?
New Milford Swim Club is a nonprofit organization in the Unknown sector, located in New Milford, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Milford Swim Club have?
New Milford Swim Club reported total revenue of $232,283. Based on 12 IRS 990 filings on record.
What are New Milford Swim Club's total assets?
New Milford Swim Club holds total assets of $698 as reported in IRS 990 filings.
Where is New Milford Swim Club located?
New Milford Swim Club is based in New Milford, New Jersey.
What is New Milford Swim Club's EIN?
New Milford Swim Club's Employer Identification Number (EIN) is 221659958. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Milford Swim Club?
New Milford Swim Club is classified under NTEE code Unknown (Unknown).
Is New Milford Swim Club a registered 501(c)(3)?
New Milford Swim Club appears in IRS records (EIN: 221659958). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Milford Swim Club file IRS Form 990?
Yes, New Milford Swim Club has 12 IRS Form 990 filings on record. The most recent covers tax period 202211.
What was New Milford Swim Club's revenue in 2022?
In the 202211 filing period, New Milford Swim Club reported total revenue of $166,278, total expenses of $234,677, and net assets of $123,888.
Is New Milford Swim Club's revenue growing or declining?
New Milford Swim Club's revenue is declining. Revenue went from $279,094 (202111) to $166,278 (202211), a -40.4% change. Based on 12 filings on record.
What is New Milford Swim Club's most recent 990 filing?
The most recent IRS Form 990 filing for New Milford Swim Club covers tax period 202211. It shows revenue of $166,278, expenses of $234,677, total assets of $123,888, and liabilities of $229,500.
How much does New Milford Swim Club spend on programs vs administration?
Based on IRS 990 analysis, New Milford Swim Club allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is New Milford Swim Club a trustworthy charity?
Based on AI analysis of IRS 990 data, New Milford Swim Club shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for New Milford Swim Club?
The following concerns were identified: Significant and consistent decline in total assets over the past eight years, from $440,136 in 2015 to $123,888 in 2022.. Revenue dropped by over $110,000 from 2021 to 2022, raising questions about financial stability.. Expenses frequently exceed revenue, as seen in 2022 ($166,278 revenue vs. $234,677 expenses).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Milford Swim Club's strengths?
Positive indicators for New Milford Swim Club include: Consistent reporting of financial data over multiple years.. No reported executive compensation, which can be a positive for donor perception if leadership is volunteer-based.. These findings are derived from AI analysis of the organization's financial filings.
How does New Milford Swim Club compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting either volunteer leadership or compensation is not disclosed in this section. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the primary cause for the consistent decline in total assets, and how does the organization plan to reverse this trend?
The data shows a continuous decrease in assets, from $440,136 in 2015 to $123,888 in 2022. This trend, coupled with expenses often exceeding revenue, suggests potential operational challenges or significant capital expenditures not offset by income.
Given the 'c0%' compensation, how does the organization sustain its leadership and operational management?
The consistent reporting of zero compensation for executives implies either a fully volunteer-run organization or that compensation is reported under a different category not detailed in the provided data. Understanding the operational model is crucial for assessing sustainability.
Filing History
IRS 990 filing history for New Milford Swim Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), New Milford Swim Club's revenue has declined by 45%, moving from $302K to $166K. Total assets decreased by 80.2% over the same period, from $627K to $124K. Total functional expenses fell by 33.4%, from $352K to $235K. In its most recent filing year (2022), New Milford Swim Club reported a deficit of $68K, with expenses exceeding revenue. The organization holds $230K in liabilities against $124K in assets (debt-to-asset ratio: 185.2%), resulting in net assets of $-105,612.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $166K | $235K | $124K | $230K | — | View 990 |
| 2021 | $279K | $283K | $202K | $239K | — | View 990 |
| 2020 | $87K | $151K | $204K | $238K | — | — |
| 2019 | $289K | $331K | $279K | $249K | — | View 990 |
| 2018 | $266K | $309K | $335K | $261K | — | View 990 |
| 2017 | $253K | $289K | $379K | $263K | — | View 990 |
| 2016 | $276K | $285K | $420K | $268K | — | View 990 |
| 2015 | $275K | $327K | $440K | $279K | — | View 990 |
| 2014 | $274K | $337K | $477K | $264K | — | View 990 |
| 2013 | $256K | $309K | $538K | $263K | — | View 990 |
| 2012 | $266K | $304K | $592K | $263K | — | View 990 |
| 2011 | $302K | $352K | $627K | $261K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $166K, expenses of $235K, and assets of $124K (revenue -40.4% year-over-year).
- 2021: Revenue of $279K, expenses of $283K, and assets of $202K (revenue +221.1% year-over-year).
- 2020: Revenue of $87K, expenses of $151K, and assets of $204K (revenue -69.9% year-over-year).
- 2019: Revenue of $289K, expenses of $331K, and assets of $279K (revenue +8.6% year-over-year).
- 2018: Revenue of $266K, expenses of $309K, and assets of $335K (revenue +4.9% year-over-year).
- 2017: Revenue of $253K, expenses of $289K, and assets of $379K (revenue -8.2% year-over-year).
- 2016: Revenue of $276K, expenses of $285K, and assets of $420K (revenue +0.3% year-over-year).
- 2015: Revenue of $275K, expenses of $327K, and assets of $440K (revenue +0.4% year-over-year).
- 2014: Revenue of $274K, expenses of $337K, and assets of $477K (revenue +7.2% year-over-year).
- 2013: Revenue of $256K, expenses of $309K, and assets of $538K (revenue -4.0% year-over-year).
- 2012: Revenue of $266K, expenses of $304K, and assets of $592K (revenue -11.8% year-over-year).
- 2011: Revenue of $302K, expenses of $352K, and assets of $627K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Milford Swim Club:
Data Sources and Methodology
This transparency report for New Milford Swim Club 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.