Teaneck Swim Club Inc
Teaneck Swim Club Inc: Declining Revenue and Asset Trends Raise Sustainability Concerns
EIN: 222138641 · Teaneck, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $281K |
| Total Expenses | $399K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $342K |
| Transparency Score | 65/100 |
Is Teaneck 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 →
Teaneck Swim Club Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Teaneck Swim Club Inc
Teaneck Swim Club Inc (EIN: 222138641) is a nonprofit organization based in Teaneck, NJ. The organization reported total revenue of $281K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teaneck Swim Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teaneck Swim Club Inc is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $302K |
| Total Expenses | $399K |
| Surplus / Deficit | $-97,010 |
| Total Assets | $365K |
| Total Liabilities | $23K |
| Net Assets | $342K |
| Operating Margin | -32.1% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2023, Teaneck Swim Club Inc reported a deficit of $97K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Teaneck Swim Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.5% | -4.2% | -24.6% |
| 2022 | -15.6% | +23.2% | -11.5% |
| 2021 | +46.4% | -4.1% | +5.8% |
| 2020 | -20.1% | -2.2% | -5.1% |
| 2019 | -4.7% | -2.0% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1978 |
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 Teaneck Swim Club Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Teaneck Swim Club Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $97K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, which, while potentially indicating a volunteer-led structure, lacks transparency regarding any indirect benefits or non-cash compensation.
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 Teaneck Swim Club Inc's IRS 990 filings:
- Consistent reporting of 0% compensation for all officers, directors, trustees, and key employees across multiple years (e.g., 2023, 2022, 2021) may obscure actual compensation or benefits.
- Total assets have nearly halved from $720,152 in 2016 to $364,958 in 2023, indicating a significant erosion of the organization's financial base.
- The organization has consistently reported net losses (expenses exceeding revenue) in recent years, such as $96,910 in 2023 ($399,141 expenses vs. $302,131 revenue) and $75,104 in 2022, which is unsustainable long-term.
Strengths
The following positive indicators were identified for Teaneck Swim Club Inc:
- Despite financial challenges, the organization has maintained operations for many years, demonstrating resilience.
- The consistent reporting of 0% compensation for key personnel suggests a strong volunteer commitment to the mission.
Frequently Asked Questions about Teaneck Swim Club Inc
Is Teaneck Swim Club Inc a legitimate charity?
Teaneck Swim Club Inc (EIN: 222138641) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $281K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Teaneck Swim Club Inc spend its money?
Teaneck Swim Club Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Teaneck Swim Club Inc tax-deductible?
Teaneck Swim Club Inc is registered as a tax-exempt nonprofit (EIN: 222138641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Teaneck Swim Club Inc CEO make?
Teaneck Swim Club Inc's highest-compensated officer earns $0 annually. The organization reported $281K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Teaneck Swim Club Inc's spending goes to programs?
Teaneck Swim Club Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Teaneck Swim Club Inc located?
Teaneck Swim Club Inc is headquartered in Teaneck, New Jersey and files with the IRS under EIN 222138641.
How many years of IRS 990 filings does Teaneck Swim Club Inc have?
Teaneck Swim Club Inc has 13 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 $281K in total revenue.
What does Teaneck Swim Club Inc do?
Teaneck Swim Club Inc is a nonprofit organization in the Unknown sector, located in Teaneck, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Teaneck Swim Club Inc have?
Teaneck Swim Club Inc reported total revenue of $281,034. Based on 13 IRS 990 filings on record.
What are Teaneck Swim Club Inc's total assets?
Teaneck Swim Club Inc holds total assets of $230,386 as reported in IRS 990 filings.
Where is Teaneck Swim Club Inc located?
Teaneck Swim Club Inc is based in Teaneck, New Jersey.
What is Teaneck Swim Club Inc's EIN?
Teaneck Swim Club Inc's Employer Identification Number (EIN) is 222138641. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Teaneck Swim Club Inc?
Teaneck Swim Club Inc is classified under NTEE code Unknown (Unknown).
Is Teaneck Swim Club Inc a registered 501(c)(3)?
Teaneck Swim Club Inc appears in IRS records (EIN: 222138641). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Teaneck Swim Club Inc file IRS Form 990?
Yes, Teaneck Swim Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202311.
What was Teaneck Swim Club Inc's revenue in 2023?
In the 202311 filing period, Teaneck Swim Club Inc reported total revenue of $302,131, total expenses of $399,141, and net assets of $364,958.
Is Teaneck Swim Club Inc's revenue growing or declining?
Teaneck Swim Club Inc's revenue is declining. Revenue went from $341,528 (202211) to $302,131 (202311), a -11.5% change. Based on 13 filings on record.
What is Teaneck Swim Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Teaneck Swim Club Inc covers tax period 202311. It shows revenue of $302,131, expenses of $399,141, total assets of $364,958, and liabilities of $23,025.
How much does Teaneck Swim Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Teaneck Swim Club Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Teaneck Swim Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Teaneck Swim Club Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Teaneck Swim Club Inc?
The following concerns were identified: Consistent reporting of 0% compensation for all officers, directors, trustees, and key employees across multiple years (e.g., 2023, 2022, 2021) may obscure actual compensation or benefits.. Total assets have nearly halved from $720,152 in 2016 to $364,958 in 2023, indicating a significant erosion of the organization's financial base.. The organization has consistently reported net losses (expenses exceeding revenue) in recent years, such as $96,910 in 2023 ($399,141 expenses vs. $302,131 revenue) and $75,104 in 2022, which is unsustainable long-term.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Teaneck Swim Club Inc's strengths?
Positive indicators for Teaneck Swim Club Inc include: Despite financial challenges, the organization has maintained operations for many years, demonstrating resilience.. The consistent reporting of 0% compensation for key personnel suggests a strong volunteer commitment to the mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Teaneck Swim Club Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, which, while potentially indicating a volunteer-led structure, lacks transparency regarding any indirect benefits or non-cash compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation for all key personnel, how does the organization ensure leadership continuity and attract necessary expertise without direct financial incentives?
The consistent $0 compensation suggests a reliance on volunteer leadership and staff. This model, while cost-effective, may face challenges in attracting and retaining specialized skills or full-time dedication without some form of compensation or benefits, potentially impacting operational efficiency and long-term strategic planning.
What specific strategies are being implemented to reverse the trend of declining assets and recurring net losses, and what is the projected timeline for achieving financial stability?
The financial data indicates a concerning trend of asset depletion and operational deficits. Without specific strategies to increase revenue, control expenses, or secure significant funding, the organization's long-term viability is at risk. A clear financial recovery plan with measurable goals is crucial.
Filing History
IRS 990 filing history for Teaneck Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Teaneck Swim Club Inc's revenue has declined by 23.2%, moving from $393K to $302K. Total assets decreased by 62% over the same period, from $960K to $365K. Total functional expenses fell by 2.2%, from $408K to $399K. In its most recent filing year (2023), Teaneck Swim Club Inc reported a deficit of $97K, with expenses exceeding revenue. The organization holds $23K in liabilities against $365K in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $342K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $302K | $399K | $365K | $23K | — | — |
| 2022 | $342K | $417K | $484K | $45K | — | View 990 |
| 2021 | $405K | $338K | $547K | $33K | — | View 990 |
| 2020 | $276K | $352K | $517K | $59K | — | — |
| 2019 | $346K | $360K | $544K | $11K | — | View 990 |
| 2018 | $363K | $368K | $600K | $13K | — | View 990 |
| 2017 | $399K | $386K | $634K | $13K | — | View 990 |
| 2016 | $384K | $386K | $720K | $102K | — | View 990 |
| 2015 | $386K | $403K | $713K | $101K | — | View 990 |
| 2014 | $385K | $397K | $769K | $108K | — | View 990 |
| 2013 | $407K | $410K | $741K | $51K | — | View 990 |
| 2012 | $414K | $502K | $809K | $114K | — | View 990 |
| 2011 | $393K | $408K | $960K | $158K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $302K, expenses of $399K, and assets of $365K (revenue -11.5% year-over-year).
- 2022: Revenue of $342K, expenses of $417K, and assets of $484K (revenue -15.6% year-over-year).
- 2021: Revenue of $405K, expenses of $338K, and assets of $547K (revenue +46.4% year-over-year).
- 2020: Revenue of $276K, expenses of $352K, and assets of $517K (revenue -20.1% year-over-year).
- 2019: Revenue of $346K, expenses of $360K, and assets of $544K (revenue -4.7% year-over-year).
- 2018: Revenue of $363K, expenses of $368K, and assets of $600K (revenue -8.9% year-over-year).
- 2017: Revenue of $399K, expenses of $386K, and assets of $634K (revenue +4.0% year-over-year).
- 2016: Revenue of $384K, expenses of $386K, and assets of $720K (revenue -0.5% year-over-year).
- 2015: Revenue of $386K, expenses of $403K, and assets of $713K (revenue +0.3% year-over-year).
- 2014: Revenue of $385K, expenses of $397K, and assets of $769K (revenue -5.6% year-over-year).
- 2013: Revenue of $407K, expenses of $410K, and assets of $741K (revenue -1.5% year-over-year).
- 2012: Revenue of $414K, expenses of $502K, and assets of $809K (revenue +5.2% year-over-year).
- 2011: Revenue of $393K, expenses of $408K, and assets of $960K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teaneck Swim Club Inc:
Data Sources and Methodology
This transparency report for Teaneck 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.