Sigma Performance Swimming
EIN: 270297684 · Colleyville, TX · NTEE: N30
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.8M |
| Net Assets | $50K |
Is Sigma Performance Swimming Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sigma Performance Swimming
Sigma Performance Swimming (EIN: 270297684) is a nonprofit organization based in Colleyville, TX, classified under NTEE code N30. The organization reported total revenue of $2.1M and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sigma Performance Swimming's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sigma Performance Swimming is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 33.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$33K |
| Total Assets | $464K |
| Total Liabilities | $414K |
| Net Assets | $50K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 89.2% |
| Months of Reserves | 3.1 months |
Financial Health Grade: A
In 2023, Sigma Performance Swimming reported a surplus of $33K with revenue exceeding expenses, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 89.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Sigma Performance Swimming's revenue has grown at a compound annual growth rate (CAGR) of 33.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +0.8% | +1.7% |
| 2022 | +34.4% | +35.9% | +35.5% |
| 2021 | +63.2% | +37.8% | +168.3% |
| 2020 | -20.5% | -8.0% | +50.8% |
| 2019 | +22.8% | +16.6% | +33.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sigma Performance Swimming has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sigma Performance Swimming with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.2%.
Frequently Asked Questions about Sigma Performance Swimming
Is Sigma Performance Swimming a legitimate charity?
Based on AI analysis of IRS 990 filings, Sigma Performance Swimming (EIN: 270297684) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sigma Performance Swimming spend its money?
Detailed spending breakdown data is not yet available for Sigma Performance Swimming. Check back for updated IRS 990 analysis.
Are donations to Sigma Performance Swimming tax-deductible?
Sigma Performance Swimming is registered as a tax-exempt nonprofit (EIN: 270297684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sigma Performance Swimming located?
Sigma Performance Swimming is headquartered in Colleyville, Texas and files with the IRS under EIN 270297684. It is classified under NTEE code N30.
How many years of IRS 990 filings does Sigma Performance Swimming have?
Sigma Performance Swimming 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 $2.1M in total revenue.
Filing History
IRS 990 filing history for Sigma Performance Swimming showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Sigma Performance Swimming's revenue has grown by 2952.3%, moving from $60K to $1.8M. Total assets increased by 1883% over the same period, from $23K to $464K. Total functional expenses rose by 2717.3%, from $64K to $1.8M. In its most recent filing year (2023), Sigma Performance Swimming reported a surplus of $33K, with revenue exceeding expenses. The organization holds $414K in liabilities against $464K in assets (debt-to-asset ratio: 89.2%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.8M | $464K | $414K | — | View 990 |
| 2022 | $1.8M | $1.8M | $456K | $439K | — | View 990 |
| 2021 | $1.4M | $1.3M | $337K | $368K | — | View 990 |
| 2020 | $837K | $955K | $126K | $207K | — | View 990 |
| 2019 | $1.1M | $1.0M | $83K | $46K | — | View 990 |
| 2018 | $857K | $890K | $62K | $40K | — | View 990 |
| 2017 | $804K | $733K | $1 | $0 | — | View 990 |
| 2016 | $474K | $462K | $0 | $0 | — | View 990 |
| 2015 | $407K | $427K | $-9,937 | $4K | — | View 990 |
| 2013 | $369K | $392K | $0 | $0 | — | View 990 |
| 2012 | $110K | $108K | $25K | $0 | — | View 990 |
| 2011 | $60K | $64K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $464K (revenue -0.1% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $456K (revenue +34.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $337K (revenue +63.2% year-over-year).
- 2020: Revenue of $837K, expenses of $955K, and assets of $126K (revenue -20.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $83K (revenue +22.8% year-over-year).
- 2018: Revenue of $857K, expenses of $890K, and assets of $62K (revenue +6.6% year-over-year).
- 2017: Revenue of $804K, expenses of $733K, and assets of $1 (revenue +69.8% year-over-year).
- 2016: Revenue of $474K, expenses of $462K, and assets of $0 (revenue +16.5% year-over-year).
- 2015: Revenue of $407K, expenses of $427K, and assets of $-9,937 (revenue +10.3% year-over-year).
- 2013: Revenue of $369K, expenses of $392K, and assets of $0 (revenue +236.1% year-over-year).
- 2012: Revenue of $110K, expenses of $108K, and assets of $25K (revenue +82.3% year-over-year).
- 2011: Revenue of $60K, expenses of $64K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sigma Performance Swimming:
Data Sources and Methodology
This transparency report for Sigma Performance Swimming 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.