Somerset Swim & Tennis Club
EIN: 841346396 · Niwot, CO · NTEE: N50
Is Somerset Swim & Tennis Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Somerset Swim & Tennis Club
Somerset Swim & Tennis Club (EIN: 841346396) is a nonprofit organization based in Niwot, CO, classified under NTEE code N50. The organization reported total revenue of $110K and total assets of $260K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerset Swim & Tennis Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somerset Swim & Tennis Club is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $54K |
| Surplus / Deficit | +$26K |
| Total Assets | $238K |
| Net Assets | $238K |
| Operating Margin | 32.7% |
| Months of Reserves | 52.7 months |
Financial Health Grade: A
In 2023, Somerset Swim & Tennis Club reported a surplus of $26K with revenue exceeding expenses, holds 52.7 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2012–2023), Somerset Swim & Tennis Club's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | -17.1% | +12.5% |
| 2022 | +8.2% | -10.4% | +5.4% |
| 2021 | +32.2% | +80.6% | -1.3% |
| 2020 | -7.3% | +27.8% | +5.1% |
| 2019 | +8.9% | -28.2% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Somerset Swim & Tennis Club 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 Somerset Swim & Tennis Club 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 $26K, with revenue exceeding expenses.
Frequently Asked Questions about Somerset Swim & Tennis Club
Is Somerset Swim & Tennis Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerset Swim & Tennis Club (EIN: 841346396) insufficient data. 0 red flags identified, 0 strengths noted.
How does Somerset Swim & Tennis Club spend its money?
Detailed spending breakdown data is not yet available for Somerset Swim & Tennis Club. Check back for updated IRS 990 analysis.
Are donations to Somerset Swim & Tennis Club tax-deductible?
Somerset Swim & Tennis Club is registered as a tax-exempt nonprofit (EIN: 841346396). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Somerset Swim & Tennis Club showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Somerset Swim & Tennis Club's revenue has grown by 44.2%, moving from $56K to $81K. Total assets increased by 180.8% over the same period, from $85K to $238K. Total functional expenses fell by 3.7%, from $56K to $54K. In its most recent filing year (2023), Somerset Swim & Tennis Club reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $54K | $238K | $0 | — | — |
| 2022 | $76K | $65K | $212K | $0 | — | — |
| 2021 | $70K | $73K | $201K | $0 | — | — |
| 2020 | $53K | $40K | $203K | $0 | — | — |
| 2019 | $57K | $32K | $194K | $3K | — | View 990 |
| 2018 | $53K | $44K | $168K | $3K | — | View 990 |
| 2017 | $61K | $34K | $159K | $3K | — | View 990 |
| 2016 | $58K | $30K | $129K | $0 | — | View 990 |
| 2015 | $54K | $31K | $101K | $0 | — | View 990 |
| 2013 | $57K | $42K | $99K | $217K | — | View 990 |
| 2012 | $56K | $56K | $85K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $81K, expenses of $54K, and assets of $238K (revenue +5.9% year-over-year).
- 2022: Revenue of $76K, expenses of $65K, and assets of $212K (revenue +8.2% year-over-year).
- 2021: Revenue of $70K, expenses of $73K, and assets of $201K (revenue +32.2% year-over-year).
- 2020: Revenue of $53K, expenses of $40K, and assets of $203K (revenue -7.3% year-over-year).
- 2019: Revenue of $57K, expenses of $32K, and assets of $194K (revenue +8.9% year-over-year).
- 2018: Revenue of $53K, expenses of $44K, and assets of $168K (revenue -13.6% year-over-year).
- 2017: Revenue of $61K, expenses of $34K, and assets of $159K (revenue +5.7% year-over-year).
- 2016: Revenue of $58K, expenses of $30K, and assets of $129K (revenue +6.0% year-over-year).
- 2015: Revenue of $54K, expenses of $31K, and assets of $101K (revenue -4.1% year-over-year).
- 2013: Revenue of $57K, expenses of $42K, and assets of $99K (revenue +1.6% year-over-year).
- 2012: Revenue of $56K, expenses of $56K, and assets of $85K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somerset Swim & Tennis Club:
Data Sources and Methodology
This transparency report for Somerset Swim & Tennis 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.