South Des Moines Swim Club
EIN: 453613278 · Cumming, IA · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $41K |
| Net Assets | $1K |
Is South Des Moines Swim Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Des Moines Swim Club
South Des Moines Swim Club (EIN: 453613278) is a nonprofit organization based in Cumming, IA, classified under NTEE code N67. The organization reported total revenue of $34K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Des Moines Swim Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Des Moines Swim Club is a micro nonprofit that has been operating for 14 years, with 5 years of IRS 990 filings on record (2016–2020). Revenue has grown at a compound annual rate of -9.5%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $41K |
| Surplus / Deficit | $-11,049 |
| Total Assets | $40K |
| Total Liabilities | $39K |
| Net Assets | $1K |
| Operating Margin | -37.2% |
| Debt-to-Asset Ratio | 96.8% |
| Months of Reserves | 11.9 months |
Financial Health Grade: C
In 2020, South Des Moines Swim Club reported a deficit of $11K with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 96.8% (high leverage).
Financial Trends
Over 5 years of filings (2016–2020), South Des Moines Swim Club's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -33.1% | -7.3% | -21.5% |
| 2019 | -15.4% | +5.3% | +0.8% |
| 2018 | +8.2% | +18.1% | +26.5% |
| 2017 | +9.4% | +108.3% | +47.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Des Moines Swim 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 South Des Moines Swim 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 96.8%.
Frequently Asked Questions about South Des Moines Swim Club
Is South Des Moines Swim Club a legitimate charity?
South Des Moines Swim Club (EIN: 453613278) is a registered tax-exempt nonprofit based in Iowa. It has 5 years of IRS 990 filings on record. Total revenue: $34K. No red flags identified. Financial health grade: C.
How does South Des Moines Swim Club spend its money?
South Des Moines Swim Club reported $34K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to South Des Moines Swim Club tax-deductible?
South Des Moines Swim Club is registered as a tax-exempt nonprofit (EIN: 453613278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Des Moines Swim Club located?
South Des Moines Swim Club is headquartered in Cumming, Iowa and files with the IRS under EIN 453613278. It is classified under NTEE code N67.
How many years of IRS 990 filings does South Des Moines Swim Club have?
South Des Moines Swim Club has 5 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 $34K in total revenue.
Filing History
IRS 990 filing history for South Des Moines Swim Club showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2016–2020), South Des Moines Swim Club's revenue has declined by 33%, moving from $44K to $30K. Total assets increased by 48.1% over the same period, from $27K to $40K. Total functional expenses rose by 139.9%, from $17K to $41K. In its most recent filing year (2020), South Des Moines Swim Club reported a deficit of $11K, with expenses exceeding revenue. The organization holds $39K in liabilities against $40K in assets (debt-to-asset ratio: 96.8%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $30K | $41K | $40K | $39K | — | View 990 |
| 2019 | $44K | $44K | $52K | $39K | — | View 990 |
| 2018 | $52K | $42K | $51K | $37K | — | View 990 |
| 2017 | $48K | $35K | $40K | $47K | — | View 990 |
| 2016 | $44K | $17K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $30K, expenses of $41K, and assets of $40K (revenue -33.1% year-over-year).
- 2019: Revenue of $44K, expenses of $44K, and assets of $52K (revenue -15.4% year-over-year).
- 2018: Revenue of $52K, expenses of $42K, and assets of $51K (revenue +8.2% year-over-year).
- 2017: Revenue of $48K, expenses of $35K, and assets of $40K (revenue +9.4% year-over-year).
- 2016: Revenue of $44K, expenses of $17K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Des Moines Swim Club:
Data Sources and Methodology
This transparency report for South Des Moines 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.