Race Aquatics Swim Club Inc
Race Aquatics Swim Club Inc operates with tight margins and volunteer leadership, consistently balancing revenue and expenses.
EIN: 208910785 · Bowling Green, KY · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $256K |
| Total Expenses | $163K |
| Program Spending | 90% |
| Net Assets | $31K |
| Transparency Score | 85/100 |
Is Race Aquatics 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 →
Race Aquatics Swim Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Race Aquatics Swim Club Inc
Race Aquatics Swim Club Inc (EIN: 208910785) is a nonprofit organization based in Bowling Green, KY, classified under NTEE code N67. The organization reported total revenue of $256K and total assets of $53K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Race Aquatics Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Race Aquatics Swim Club Inc is a small nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $163K |
| Surplus / Deficit | +$2K |
| Total Assets | $32K |
| Total Liabilities | $1K |
| Net Assets | $31K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 2.3 months |
Financial Health Grade: A
In 2023, Race Aquatics Swim Club Inc reported a surplus of $2K with revenue exceeding expenses, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Race Aquatics Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.4% | -7.1% | +3.7% |
| 2022 | -22.8% | -16.8% | -12.0% |
| 2021 | +118.7% | +67.8% | +57.0% |
| 2020 | -51.4% | -39.0% | -50.1% |
| 2019 | -1.9% | -5.1% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Race Aquatics Swim Club Inc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Race Aquatics Swim Club Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and contributes significantly to its operational efficiency.
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 Race Aquatics Swim Club Inc's IRS 990 filings:
- Limited financial reserves due to tight operating margins
- Lack of detailed functional expense breakdown in provided data
Strengths
The following positive indicators were identified for Race Aquatics Swim Club Inc:
- Consistent financial reporting and regulatory compliance (12 filings)
- Volunteer-based leadership (0% officer compensation across all filings)
- Efficient operations with expenses closely matching revenue
- Long operational history (over a decade of filings)
Frequently Asked Questions about Race Aquatics Swim Club Inc
Is Race Aquatics Swim Club Inc a legitimate charity?
Race Aquatics Swim Club Inc (EIN: 208910785) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $256K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Race Aquatics Swim Club Inc spend its money?
Race Aquatics Swim Club Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Race Aquatics Swim Club Inc tax-deductible?
Race Aquatics Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 208910785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Race Aquatics Swim Club Inc's spending goes to programs?
Race Aquatics Swim Club Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Race Aquatics Swim Club Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Race Aquatics Swim Club Inc is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Race Aquatics Swim Club Inc located?
Race Aquatics Swim Club Inc is headquartered in Bowling Green, Kentucky and files with the IRS under EIN 208910785. It is classified under NTEE code N67.
How many years of IRS 990 filings does Race Aquatics Swim Club Inc have?
Race Aquatics Swim Club Inc 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 $256K in total revenue.
Is Race Aquatics Swim Club Inc financially stable?
The organization demonstrates consistent financial activity with revenues and expenses generally balancing out, as seen in 2023 ($165,004 revenue vs. $163,002 expenses). However, operating with tight margins and modest assets ($53,331 latest) suggests limited financial reserves, which could impact stability during unforeseen circumstances.
How does Race Aquatics Swim Club Inc utilize its funds?
Based on the consistent balance between revenue and expenses, and 0% officer compensation, it appears the vast majority of funds are directly applied to the organization's operational costs and programs. Without detailed functional expense data, a precise breakdown is not possible, but efficiency seems high.
What is the transparency level of Race Aquatics Swim Club Inc?
The organization consistently files its IRS 990 forms, with 12 filings available, indicating a good level of regulatory transparency. The consistent reporting of 0% officer compensation also adds to transparency regarding leadership compensation.
Filing History
IRS 990 filing history for Race Aquatics Swim Club Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Race Aquatics Swim Club Inc's revenue has grown by 70.3%, moving from $97K to $165K. Total assets decreased by 17.4% over the same period, from $38K to $32K. Total functional expenses rose by 133.8%, from $70K to $163K. In its most recent filing year (2023), Race Aquatics Swim Club Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1K in liabilities against $32K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $31K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $163K | $32K | $1K | — | — |
| 2022 | $173K | $175K | $30K | $2K | — | View 990 |
| 2021 | $224K | $211K | $35K | $3K | — | View 990 |
| 2020 | $102K | $126K | $22K | $4K | — | View 990 |
| 2019 | $210K | $206K | $44K | $3K | — | View 990 |
| 2018 | $214K | $217K | $40K | $3K | — | View 990 |
| 2017 | $205K | $204K | $42K | $3K | — | View 990 |
| 2016 | $197K | $189K | $39K | $0 | — | View 990 |
| 2015 | $179K | $195K | $29K | $0 | — | View 990 |
| 2014 | $141K | $138K | $46K | $0 | — | View 990 |
| 2013 | $112K | $107K | $43K | $0 | — | View 990 |
| 2012 | $97K | $70K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $163K, and assets of $32K (revenue -4.4% year-over-year).
- 2022: Revenue of $173K, expenses of $175K, and assets of $30K (revenue -22.8% year-over-year).
- 2021: Revenue of $224K, expenses of $211K, and assets of $35K (revenue +118.7% year-over-year).
- 2020: Revenue of $102K, expenses of $126K, and assets of $22K (revenue -51.4% year-over-year).
- 2019: Revenue of $210K, expenses of $206K, and assets of $44K (revenue -1.9% year-over-year).
- 2018: Revenue of $214K, expenses of $217K, and assets of $40K (revenue +4.7% year-over-year).
- 2017: Revenue of $205K, expenses of $204K, and assets of $42K (revenue +4.0% year-over-year).
- 2016: Revenue of $197K, expenses of $189K, and assets of $39K (revenue +10.3% year-over-year).
- 2015: Revenue of $179K, expenses of $195K, and assets of $29K (revenue +26.9% year-over-year).
- 2014: Revenue of $141K, expenses of $138K, and assets of $46K (revenue +25.6% year-over-year).
- 2013: Revenue of $112K, expenses of $107K, and assets of $43K (revenue +15.7% year-over-year).
- 2012: Revenue of $97K, expenses of $70K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Race Aquatics Swim Club Inc:
Data Sources and Methodology
This transparency report for Race Aquatics 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.