Swan Boat Club
EIN: 381331045 · Newport, MI
| Metric | Value |
|---|---|
| Total Revenue | $540K |
| Total Expenses | $151K |
| Net Assets | $613K |
Is Swan Boat Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Swan Boat Club
Swan Boat Club (EIN: 381331045) is a nonprofit organization based in Newport, MI. The organization reported total revenue of $540K and total assets of $615K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swan Boat Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swan Boat Club is a small nonprofit that has been operating for 77 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $257K |
| Total Expenses | $151K |
| Surplus / Deficit | +$106K |
| Total Assets | $615K |
| Total Liabilities | $2K |
| Net Assets | $613K |
| Operating Margin | 41.2% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 48.8 months |
Financial Health Grade: A
In 2022, Swan Boat Club reported a surplus of $106K with revenue exceeding expenses, holds 48.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2022), Swan Boat Club's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +95.2% | +13.6% | +18.3% |
| 2021 | -27.1% | -30.4% | +0.2% |
| 2020 | +18.6% | -2.7% | +1.2% |
| 2019 | -13.4% | +20.9% | -7.9% |
| 2018 | -11.4% | +4.6% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Swan Boat 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 Swan Boat 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $106K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Swan Boat Club
Is Swan Boat Club a legitimate charity?
Swan Boat Club (EIN: 381331045) is a registered tax-exempt nonprofit based in Michigan. It has 11 years of IRS 990 filings on record. Total revenue: $540K. No red flags identified. Financial health grade: A.
How does Swan Boat Club spend its money?
Swan Boat Club reported $540K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Swan Boat Club tax-deductible?
Swan Boat Club is registered as a tax-exempt nonprofit (EIN: 381331045). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Swan Boat Club located?
Swan Boat Club is headquartered in Newport, Michigan and files with the IRS under EIN 381331045.
How many years of IRS 990 filings does Swan Boat Club have?
Swan Boat Club has 11 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 $540K in total revenue.
Filing History
IRS 990 filing history for Swan Boat Club showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Swan Boat Club's revenue has grown by 49.4%, moving from $172K to $257K. Total assets increased by 22.1% over the same period, from $504K to $615K. Total functional expenses fell by 15.2%, from $178K to $151K. In its most recent filing year (2022), Swan Boat Club reported a surplus of $106K, with revenue exceeding expenses. The organization holds $2K in liabilities against $615K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $613K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $257K | $151K | $615K | $2K | — | View 990 |
| 2021 | $132K | $133K | $520K | $13K | — | — |
| 2020 | $181K | $191K | $519K | $10K | — | — |
| 2019 | $152K | $196K | $513K | $0 | — | View 990 |
| 2018 | $176K | $163K | $557K | $0 | — | View 990 |
| 2017 | $199K | $155K | $543K | $0 | — | View 990 |
| 2016 | $221K | $147K | $500K | $0 | — | View 990 |
| 2015 | $146K | $180K | $426K | $588 | — | View 990 |
| 2014 | $141K | $171K | $461K | $935 | — | View 990 |
| 2013 | $175K | $154K | $490K | $0 | — | View 990 |
| 2012 | $172K | $178K | $504K | $909 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $257K, expenses of $151K, and assets of $615K (revenue +95.2% year-over-year).
- 2021: Revenue of $132K, expenses of $133K, and assets of $520K (revenue -27.1% year-over-year).
- 2020: Revenue of $181K, expenses of $191K, and assets of $519K (revenue +18.6% year-over-year).
- 2019: Revenue of $152K, expenses of $196K, and assets of $513K (revenue -13.4% year-over-year).
- 2018: Revenue of $176K, expenses of $163K, and assets of $557K (revenue -11.4% year-over-year).
- 2017: Revenue of $199K, expenses of $155K, and assets of $543K (revenue -10.0% year-over-year).
- 2016: Revenue of $221K, expenses of $147K, and assets of $500K (revenue +51.9% year-over-year).
- 2015: Revenue of $146K, expenses of $180K, and assets of $426K (revenue +3.2% year-over-year).
- 2014: Revenue of $141K, expenses of $171K, and assets of $461K (revenue -19.5% year-over-year).
- 2013: Revenue of $175K, expenses of $154K, and assets of $490K (revenue +1.6% year-over-year).
- 2012: Revenue of $172K, expenses of $178K, and assets of $504K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swan Boat Club:
Data Sources and Methodology
This transparency report for Swan Boat 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.