Taos Swim Club Inc
Taos Swim Club Inc. maintains lean operations with no executive compensation, experiencing fluctuating annual surpluses and deficits.
EIN: 204497760 · Taos, NM · NTEE: X200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $147K |
| Total Expenses | $87K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $147,013. |
| Net Assets | $42K |
| Transparency Score | 75/100 |
Is Taos Swim Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Taos Swim Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Taos Swim Club Inc
Taos Swim Club Inc (EIN: 204497760) is a nonprofit organization based in Taos, NM, classified under NTEE code X200. The organization reported total revenue of $147K and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taos Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Taos Swim Club Inc is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $87K |
| Surplus / Deficit | $-3,764 |
| Total Assets | $43K |
| Total Liabilities | $607 |
| Net Assets | $42K |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2023, Taos Swim Club Inc reported a deficit of $4K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 9 years of filings (2014–2023), Taos Swim Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | +28.3% | -7.8% |
| 2022 | +196.2% | +95.6% | +87.6% |
| 2020 | -60.6% | -55.9% | +23.9% |
| 2019 | -8.0% | -2.2% | -33.2% |
| 2018 | -30.9% | -21.4% | -8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Taos Swim Club Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Taos Swim Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all nine available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for an organization of its size with latest revenue of $147,013.
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 Taos Swim Club Inc's IRS 990 filings:
- Inconsistent annual financial surpluses, with several years showing expenses exceeding revenue (e.g., 2023, 2020, 2019, 2018).
Strengths
The following positive indicators were identified for Taos Swim Club Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating all revenue is directed towards operations and mission.
- Low liabilities maintained consistently over the years, demonstrating responsible financial management.
- Consistent filing of IRS Form 990s over nine periods, indicating good transparency practices.
- Growth in assets from $11,999 in 2014 to $50,669 currently, showing long-term asset accumulation.
Frequently Asked Questions about Taos Swim Club Inc
Is Taos Swim Club Inc a legitimate charity?
Taos Swim Club Inc (EIN: 204497760) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $147K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Taos Swim Club Inc spend its money?
Taos Swim Club Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Taos Swim Club Inc tax-deductible?
Taos Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 204497760). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Taos Swim Club Inc CEO make?
Taos Swim Club Inc's highest-compensated officer earns $147,013. annually. The organization reported $147K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Taos Swim Club Inc's spending goes to programs?
Taos Swim Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Taos Swim Club Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Taos Swim Club Inc is above average for NTEE category X200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Taos Swim Club Inc located?
Taos Swim Club Inc is headquartered in Taos, New Mexico and files with the IRS under EIN 204497760. It is classified under NTEE code X200.
How many years of IRS 990 filings does Taos Swim Club Inc have?
Taos Swim Club Inc has 9 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 $147K in total revenue.
Is Taos Swim Club Inc. financially stable?
The organization shows fluctuating financial performance, with some years experiencing deficits (e.g., 2023, 2020) and others surpluses (e.g., 2022, 2017). While not consistently profitable, its assets have grown from $11,999 in 2014 to $50,669 currently, suggesting a degree of stability and growth over time.
How does Taos Swim Club Inc. manage its liabilities?
Taos Swim Club Inc. generally maintains very low liabilities, often under $1,000, and even reported $0 in 2015 and 2016. This indicates a conservative approach to debt and strong financial management in this area.
What is the trend in Taos Swim Club Inc.'s revenue?
Revenue has fluctuated significantly over the years, ranging from a low of $27,658 in 2020 to a high of $124,537 in 2015, with the latest reported revenue at $147,013. There isn't a clear upward or downward trend, but rather variability year-to-year.
Filing History
IRS 990 filing history for Taos Swim Club Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2023), Taos Swim Club Inc's revenue has grown by 14.2%, moving from $73K to $83K. Total assets increased by 254.7% over the same period, from $12K to $43K. Total functional expenses rose by 23.3%, from $71K to $87K. In its most recent filing year (2023), Taos Swim Club Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $607 in liabilities against $43K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $42K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $83K | $87K | $43K | $607 | — | View 990 |
| 2022 | $82K | $68K | $46K | $466 | — | View 990 |
| 2020 | $28K | $35K | $25K | $208 | — | — |
| 2019 | $70K | $79K | $20K | $1K | — | View 990 |
| 2018 | $76K | $80K | $30K | $2K | — | View 990 |
| 2017 | $110K | $102K | $32K | $693 | — | View 990 |
| 2016 | $113K | $109K | $24K | $0 | — | View 990 |
| 2015 | $125K | $116K | $20K | $0 | — | View 990 |
| 2014 | $73K | $71K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $83K, expenses of $87K, and assets of $43K (revenue +1.7% year-over-year).
- 2022: Revenue of $82K, expenses of $68K, and assets of $46K (revenue +196.2% year-over-year).
- 2020: Revenue of $28K, expenses of $35K, and assets of $25K (revenue -60.6% year-over-year).
- 2019: Revenue of $70K, expenses of $79K, and assets of $20K (revenue -8.0% year-over-year).
- 2018: Revenue of $76K, expenses of $80K, and assets of $30K (revenue -30.9% year-over-year).
- 2017: Revenue of $110K, expenses of $102K, and assets of $32K (revenue -2.3% year-over-year).
- 2016: Revenue of $113K, expenses of $109K, and assets of $24K (revenue -9.4% year-over-year).
- 2015: Revenue of $125K, expenses of $116K, and assets of $20K (revenue +70.7% year-over-year).
- 2014: Revenue of $73K, expenses of $71K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Taos Swim Club Inc:
Data Sources and Methodology
This transparency report for Taos Swim Club Inc 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.