Seacoast Swim Club

Seacoast Swim Club consistently operates with a surplus and growing assets, reporting no officer compensation.

EIN: 200534563 · Cumberland, ME · NTEE: N67 · Updated: 2026-03-28

$100KRevenue

$125KAssets

85/100Mission Score (Excellent)

N67

About Seacoast Swim Club

Seacoast Swim Club (EIN: 200534563) is a nonprofit organization based in Cumberland, ME, classified under NTEE code N67. The organization reported total revenue of $100K and total assets of $125K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seacoast Swim Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Seacoast Swim Club demonstrates consistent financial health with a positive net income in most recent years. In 2023, the organization reported revenues of $94,969 against expenses of $85,525, resulting in a surplus. This trend of revenue exceeding expenses is largely consistent, with notable exceptions in 2018 and 2021 where expenses slightly outpaced revenue. The organization's assets have shown steady growth, increasing from $53,687 in 2014 to $122,085 in 2023, indicating sound financial management and accumulation of resources. Liabilities have been consistently reported as $0 in most filings, suggesting a strong balance sheet and minimal debt burden, which is a positive indicator of financial stability.

The organization's spending efficiency appears strong, as evidenced by its consistent ability to operate within its means and build assets. The absence of reported officer compensation across all available filings suggests that leadership may be volunteer-based or compensated through other means not captured in this specific field, which can contribute to lower administrative overhead. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited. The consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to regulatory compliance and basic financial transparency.

Overall, Seacoast Swim Club appears to be a financially stable organization with a history of responsible asset management and consistent operations. The lack of reported liabilities and the growth in assets are strong positive indicators. Further transparency regarding the allocation of expenses into program, administrative, and fundraising categories would provide a more comprehensive understanding of its operational efficiency and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Seacoast Swim Club 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Seacoast Swim Club allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting that leadership roles may be volunteer-based or compensated through non-officer channels, which contributes to lower overhead.

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 Seacoast Swim Club's IRS 990 filings:

Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data, limiting granular efficiency analysis.

Strengths

The following positive indicators were identified for Seacoast Swim Club:

Consistent positive net income in most recent years (e.g., $9,444 in 2023).
Steady growth in assets from $53,687 in 2014 to $122,085 in 2023.
Consistently reported $0 liabilities in most filings, indicating strong financial health.
No reported officer compensation, potentially leading to lower administrative costs.
Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency and compliance.

Frequently Asked Questions about Seacoast Swim Club

Is Seacoast Swim Club financially stable?

Yes, Seacoast Swim Club appears financially stable. They have consistently reported positive net income in most recent years (e.g., $9,444 surplus in 2023) and have grown their assets from $53,687 in 2014 to $122,085 in 2023, while maintaining $0 liabilities in most periods.

Does Seacoast Swim Club pay its officers?

Based on the provided IRS 990 data, Seacoast Swim Club has reported 0% officer compensation across all 14 filings, suggesting that officers are not compensated through traditional salary means reported in this section.

How has Seacoast Swim Club's financial health changed over time?

The organization has shown consistent growth in assets and generally stable revenue streams. While there were minor deficits in 2018 and 2021, the overall trend indicates increasing financial strength and asset accumulation over the past decade.

Filing History

IRS 990 filing history for Seacoast Swim Club showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Seacoast Swim Club's revenue has grown by 31.7%, moving from $72K to $95K. Total assets increased by 151.3% over the same period, from $49K to $122K. Total functional expenses rose by 44.9%, from $59K to $86K. In its most recent filing year (2023), Seacoast Swim Club reported a surplus of $9K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$95K	$86K	$122K	$0	—	View 990
2022	$91K	$65K	$113K	$0	—	View 990
2021	$32K	$50K	$97K	$10K	—	View 990
2020	$86K	$76K	$105K	$0	—	View 990
2019	$105K	$90K	$95K	$0	—	View 990
2018	$85K	$94K	$80K	$0	—	—
2017	$104K	$102K	$89K	$0	—	View 990
2016	$106K	$80K	$87K	$0	—	View 990
2015	$81K	$73K	$61K	$0	—	View 990
2014	$91K	$79K	$54K	$0	—	View 990
2013	$87K	$79K	$42K	$0	—	View 990
2012	$60K	$74K	$33K	$0	—	View 990
2011	$61K	$63K	$47K	$0	—	View 990
2010	$72K	$59K	$49K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $95K, expenses of $86K, and assets of $122K (revenue +4.1% year-over-year).
2022: Revenue of $91K, expenses of $65K, and assets of $113K (revenue +185.6% year-over-year).
2021: Revenue of $32K, expenses of $50K, and assets of $97K (revenue -63.0% year-over-year).
2020: Revenue of $86K, expenses of $76K, and assets of $105K (revenue -18.0% year-over-year).
2019: Revenue of $105K, expenses of $90K, and assets of $95K (revenue +23.8% year-over-year).
2018: Revenue of $85K, expenses of $94K, and assets of $80K (revenue -18.1% year-over-year).
2017: Revenue of $104K, expenses of $102K, and assets of $89K (revenue -2.2% year-over-year).
2016: Revenue of $106K, expenses of $80K, and assets of $87K (revenue +31.6% year-over-year).
2015: Revenue of $81K, expenses of $73K, and assets of $61K (revenue -11.1% year-over-year).
2014: Revenue of $91K, expenses of $79K, and assets of $54K (revenue +3.7% year-over-year).
2013: Revenue of $87K, expenses of $79K, and assets of $42K (revenue +45.4% year-over-year).
2012: Revenue of $60K, expenses of $74K, and assets of $33K (revenue -2.0% year-over-year).
2011: Revenue of $61K, expenses of $63K, and assets of $47K (revenue -14.9% year-over-year).
2010: Revenue of $72K, expenses of $59K, and assets of $49K.

Data Sources and Methodology

This transparency report for Seacoast 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.