Rochelle Park Swim Club Inc
Rochelle Park Swim Club: Declining Revenue, High Expenses, and Limited Transparency
EIN: 221754993 · Rochelle Park, NJ · NTEE: P20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $192K |
| Total Expenses | $158K |
| Program Spending | 70% |
| Net Assets | $-22,356 |
| Transparency Score | 45/100 |
Is Rochelle Park Swim Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rochelle Park Swim Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rochelle Park Swim Club Inc
Rochelle Park Swim Club Inc (EIN: 221754993) is a nonprofit organization based in Rochelle Park, NJ, classified under NTEE code P20. The organization reported total revenue of $192K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rochelle Park Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rochelle Park Swim Club Inc is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $132K |
| Total Expenses | $158K |
| Surplus / Deficit | $-25,820 |
| Total Assets | $644 |
| Total Liabilities | $23K |
| Net Assets | $-22,356 |
| Operating Margin | -19.6% |
| Debt-to-Asset Ratio | 3571.4% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Rochelle Park Swim Club Inc reported a deficit of $26K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 3571.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rochelle Park Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -12.3% | -81.4% |
| 2022 | -7.9% | +52.5% | -92.8% |
| 2021 | +27.7% | +11.9% | +110.9% |
| 2020 | -31.1% | -5.0% | +128.4% |
| 2019 | +65.6% | -25.2% | +76.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2001 |
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 Rochelle Park Swim Club Inc with a Mission Score of 45 out of 100 (Fair). 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, Rochelle Park Swim Club Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3571.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information.
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 Rochelle Park Swim Club Inc's IRS 990 filings:
- Consistent net losses: Expenses have exceeded revenue in multiple years, including a $25,820 deficit in 2023 ($157,701 expenses vs. $131,881 revenue).
- Significant decline in assets: Assets dropped from $47,841 in 2021 to $644 in 2023, raising concerns about financial stability.
- Declining revenue trend: Revenue has steadily decreased from $167,173 in 2019 to $131,881 in 2023, suggesting potential operational challenges or reduced member engagement.
Strengths
The following positive indicators were identified for Rochelle Park Swim Club Inc:
- Long-standing community presence: The organization has been operating for several years, indicating a history of community service.
- Low liabilities: Liabilities are relatively low, with $23,000 in 2023 and $0 in several prior years, suggesting minimal debt burden.
Frequently Asked Questions about Rochelle Park Swim Club Inc
Is Rochelle Park Swim Club Inc a legitimate charity?
Rochelle Park Swim Club Inc (EIN: 221754993) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $192K. 3 red flags identified. 2 strengths noted. Financial health grade: D.
How does Rochelle Park Swim Club Inc spend its money?
Rochelle Park Swim Club Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Rochelle Park Swim Club Inc tax-deductible?
Rochelle Park Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 221754993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rochelle Park Swim Club Inc's spending goes to programs?
Rochelle Park Swim Club Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Rochelle Park Swim Club Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Rochelle Park Swim Club Inc is near average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rochelle Park Swim Club Inc located?
Rochelle Park Swim Club Inc is headquartered in Rochelle Park, New Jersey and files with the IRS under EIN 221754993. It is classified under NTEE code P20.
How many years of IRS 990 filings does Rochelle Park Swim Club Inc have?
Rochelle Park Swim Club Inc has 13 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 $192K in total revenue.
What does Rochelle Park Swim Club Inc do?
Rochelle Park Swim Club Inc is a nonprofit organization in the Human Services sector, located in Rochelle Park, New Jersey. It is classified under NTEE code P20.
How much revenue does Rochelle Park Swim Club Inc have?
Rochelle Park Swim Club Inc reported total revenue of $192,379. Based on 13 IRS 990 filings on record.
What are Rochelle Park Swim Club Inc's total assets?
Rochelle Park Swim Club Inc holds total assets of $17,156 as reported in IRS 990 filings.
Where is Rochelle Park Swim Club Inc located?
Rochelle Park Swim Club Inc is based in Rochelle Park, New Jersey.
What is Rochelle Park Swim Club Inc's EIN?
Rochelle Park Swim Club Inc's Employer Identification Number (EIN) is 221754993. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rochelle Park Swim Club Inc?
Rochelle Park Swim Club Inc is classified under NTEE code P20 (Human Services).
Is Rochelle Park Swim Club Inc a registered 501(c)(3)?
Yes, Rochelle Park Swim Club Inc is recognized as a tax-exempt organization by the IRS. EIN: 221754993.
Does Rochelle Park Swim Club Inc file IRS Form 990?
Yes, Rochelle Park Swim Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Rochelle Park Swim Club Inc's revenue in 2023?
In the 202312 filing period, Rochelle Park Swim Club Inc reported total revenue of $131,881, total expenses of $157,701, and net assets of $644.
Is Rochelle Park Swim Club Inc's revenue growing or declining?
Rochelle Park Swim Club Inc's revenue is relatively stable. Revenue went from $135,386 (202212) to $131,881 (202312), a -2.6% change. Based on 13 filings on record.
What is Rochelle Park Swim Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Rochelle Park Swim Club Inc covers tax period 202312. It shows revenue of $131,881, expenses of $157,701, total assets of $644, and liabilities of $23,000.
How much does Rochelle Park Swim Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Rochelle Park Swim Club Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Rochelle Park Swim Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Rochelle Park Swim Club Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Rochelle Park Swim Club Inc?
The following concerns were identified: Consistent net losses: Expenses have exceeded revenue in multiple years, including a $25,820 deficit in 2023 ($157,701 expenses vs. $131,881 revenue).. Significant decline in assets: Assets dropped from $47,841 in 2021 to $644 in 2023, raising concerns about financial stability.. Declining revenue trend: Revenue has steadily decreased from $167,173 in 2019 to $131,881 in 2023, suggesting potential operational challenges or reduced member engagement.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rochelle Park Swim Club Inc's strengths?
Positive indicators for Rochelle Park Swim Club Inc include: Long-standing community presence: The organization has been operating for several years, indicating a history of community service.. Low liabilities: Liabilities are relatively low, with $23,000 in 2023 and $0 in several prior years, suggesting minimal debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Rochelle Park Swim Club Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the sharp decline in assets from $47,841 in 2021 to $644 in 2023?
The provided data does not specify the reasons for the asset decline, but it could be due to significant asset sales, depreciation, or reclassification of assets, potentially to cover operational losses.
Given the consistent net losses, how is the organization sustaining its operations?
The organization appears to be sustaining operations by drawing down assets, as evidenced by the significant decrease in total assets over recent years. This is not a sustainable long-term strategy without new revenue streams or expense reductions.
Filing History
IRS 990 filing history for Rochelle Park Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rochelle Park Swim Club Inc's revenue has grown by 23.7%, moving from $107K to $132K. Total assets decreased by 94.7% over the same period, from $12K to $644. Total functional expenses rose by 43.4%, from $110K to $158K. In its most recent filing year (2023), Rochelle Park Swim Club Inc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $23K in liabilities against $644 in assets (debt-to-asset ratio: 3571.4%), resulting in net assets of $-22,356.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $132K | $158K | $644 | $23K | — | View 990 |
| 2022 | $135K | $180K | $3K | $0 | — | — |
| 2021 | $147K | $118K | $48K | $0 | — | View 990 |
| 2020 | $115K | $105K | $23K | $3K | — | — |
| 2019 | $167K | $111K | $10K | $0 | — | View 990 |
| 2018 | $101K | $148K | $6K | $0 | — | View 990 |
| 2017 | $103K | $111K | $53K | $0 | — | View 990 |
| 2016 | $139K | $112K | $1 | $0 | — | View 990 |
| 2015 | $108K | $107K | $34K | $0 | — | View 990 |
| 2014 | $112K | $94K | $34K | $0 | — | View 990 |
| 2013 | $107K | $107K | $16K | $0 | — | View 990 |
| 2012 | $102K | $98K | $16K | $0 | — | View 990 |
| 2011 | $107K | $110K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $132K, expenses of $158K, and assets of $644 (revenue -2.6% year-over-year).
- 2022: Revenue of $135K, expenses of $180K, and assets of $3K (revenue -7.9% year-over-year).
- 2021: Revenue of $147K, expenses of $118K, and assets of $48K (revenue +27.7% year-over-year).
- 2020: Revenue of $115K, expenses of $105K, and assets of $23K (revenue -31.1% year-over-year).
- 2019: Revenue of $167K, expenses of $111K, and assets of $10K (revenue +65.6% year-over-year).
- 2018: Revenue of $101K, expenses of $148K, and assets of $6K (revenue -1.7% year-over-year).
- 2017: Revenue of $103K, expenses of $111K, and assets of $53K (revenue -26.3% year-over-year).
- 2016: Revenue of $139K, expenses of $112K, and assets of $1 (revenue +29.0% year-over-year).
- 2015: Revenue of $108K, expenses of $107K, and assets of $34K (revenue -3.6% year-over-year).
- 2014: Revenue of $112K, expenses of $94K, and assets of $34K (revenue +4.4% year-over-year).
- 2013: Revenue of $107K, expenses of $107K, and assets of $16K (revenue +4.9% year-over-year).
- 2012: Revenue of $102K, expenses of $98K, and assets of $16K (revenue -4.1% year-over-year).
- 2011: Revenue of $107K, expenses of $110K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rochelle Park Swim Club Inc:
Data Sources and Methodology
This transparency report for Rochelle Park 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.