Peterborough Wave Swim Team Inc

Peterborough Wave Swim Team Inc. shows declining revenue and assets with consistent operating deficits in recent years.

EIN: 20366882 · Dublin, NH · NTEE: N67 · Updated: 2026-03-28

$7KRevenue

$304Assets

70/100Mission Score (Good)

N67

About Peterborough Wave Swim Team Inc

Peterborough Wave Swim Team Inc (EIN: 20366882) is a nonprofit organization based in Dublin, NH, classified under NTEE code N67. The organization reported total revenue of $7K and total assets of $304 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peterborough Wave Swim Team Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Peterborough Wave Swim Team Inc. appears to be a small, volunteer-run organization based on its consistent reporting of 0% officer compensation across all available filings. This indicates a strong commitment to directing all funds towards its mission rather than executive salaries. However, the organization has experienced significant fluctuations in revenue and expenses over the past several years. For instance, revenue dropped from $47,106 in 2019 to $4,375 in 2020, and while it recovered to $13,333 in 2021, it has since declined to $8,174 in 2023. Expenses have also varied, sometimes exceeding revenue, leading to periods of net losses, such as in 2023 where expenses were $11,632 against $8,174 in revenue. The organization's assets have also seen a considerable decline from a high of $45,050 in 2012 to $6,798 in 2023, suggesting a shrinking financial base. While the lack of liabilities is a positive sign, the overall trend points to financial instability and a need for more consistent fundraising or expense management to ensure long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Peterborough Wave Swim Team Inc with a Mission Score of 70 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: 90%
fundraising: 0%

According to IRS 990 filings, Peterborough Wave Swim Team 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that the organization is likely volunteer-run and directs all funds to its programs and operational costs, which is commendable for a small nonprofit.

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 Peterborough Wave Swim Team Inc's IRS 990 filings:

Consistent operating deficits in recent years (e.g., 2023, 2022, 2020)
Significant decline in total assets over time (from $45,050 in 2012 to $6,798 in 2023)
Volatile revenue stream with a notable drop from 2019 to 2020 and continued decline in recent years.

Strengths

The following positive indicators were identified for Peterborough Wave Swim Team Inc:

Zero officer compensation, indicating a volunteer-driven model and efficient use of funds for mission-related activities.
No reported liabilities across all available filings, suggesting good debt management.
Strong program focus, with all funds likely directed towards its NTEE code N67 (Swimming & Other Water Sports).

Frequently Asked Questions about Peterborough Wave Swim Team Inc

Is Peterborough Wave Swim Team Inc. financially stable?

Based on recent filings, the organization has experienced declining revenue and assets, with expenses exceeding revenue in several recent periods (e.g., 2023, 2022, 2020), suggesting a degree of financial instability.

How does the organization manage its expenses?

While specific expense categories are not detailed, the consistent 0% officer compensation indicates efficient use of funds by avoiding executive salaries. However, overall expenses have sometimes significantly outpaced revenue, leading to deficits.

What is the trend in the organization's assets?

Assets have shown a significant downward trend, decreasing from $45,050 in 2012 to $6,798 in 2023, indicating a shrinking financial reserve.

Filing History

IRS 990 filing history for Peterborough Wave Swim Team Inc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), Peterborough Wave Swim Team Inc's revenue has declined by 77.6%, moving from $37K to $8K. Total assets decreased by 85.6% over the same period, from $47K to $7K. Total functional expenses fell by 71%, from $40K to $12K. In its most recent filing year (2023), Peterborough Wave Swim Team Inc reported a deficit of $3K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$8K	$12K	$7K	$0	—	View 990
2022	$8K	$11K	$10K	$0	—	View 990
2021	$13K	$14K	$13K	$0	—	—
2020	$4K	$22K	$13K	$0	—	—
2019	$47K	$43K	$31K	$0	—	View 990
2018	$32K	$37K	$27K	$0	—	View 990
2017	$47K	$34K	$32K	$0	—	View 990
2016	$26K	$40K	$19K	$0	—	View 990
2015	$23K	$37K	$34K	$0	—	View 990
2012	$36K	$39K	$45K	$0	—	View 990
2011	$37K	$40K	$47K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $8K, expenses of $12K, and assets of $7K (revenue -3.7% year-over-year).
2022: Revenue of $8K, expenses of $11K, and assets of $10K (revenue -36.4% year-over-year).
2021: Revenue of $13K, expenses of $14K, and assets of $13K (revenue +204.8% year-over-year).
2020: Revenue of $4K, expenses of $22K, and assets of $13K (revenue -90.7% year-over-year).
2019: Revenue of $47K, expenses of $43K, and assets of $31K (revenue +49.2% year-over-year).
2018: Revenue of $32K, expenses of $37K, and assets of $27K (revenue -33.2% year-over-year).
2017: Revenue of $47K, expenses of $34K, and assets of $32K (revenue +84.7% year-over-year).
2016: Revenue of $26K, expenses of $40K, and assets of $19K (revenue +10.3% year-over-year).
2015: Revenue of $23K, expenses of $37K, and assets of $34K (revenue -36.2% year-over-year).
2012: Revenue of $36K, expenses of $39K, and assets of $45K (revenue -0.5% year-over-year).
2011: Revenue of $37K, expenses of $40K, and assets of $47K.

Data Sources and Methodology

This transparency report for Peterborough Wave 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.