University Swimming Association Inc
University Swimming Association Inc: Consistent Losses and Declining Assets Raise Concerns
EIN: 221688245 · New Brunswick, NJ · Updated: 2026-04-04
Is University Swimming Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Swimming Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About University Swimming Association Inc
University Swimming Association Inc (EIN: 221688245) is a nonprofit organization based in New Brunswick, NJ. The organization reported total revenue of $186K and total assets of $134K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Swimming Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates University Swimming Association 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, University Swimming Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures (c) were provided in the financial filings.
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 University Swimming Association Inc's IRS 990 filings:
- Consistent net losses: Expenses have exceeded revenue in multiple years (e.g., 2023: revenue $178,932, expenses $194,993).
- Declining net assets: Total assets have decreased by over 34% since 2015, from $197,948 to $130,860 in 2023.
- Lack of executive compensation disclosure: The provided data indicates 0% compensation, which is unusual for an organization of this size and suggests a lack of transparency.
- Limited revenue growth: Revenue has remained relatively stagnant over the past decade, with only modest increases from $133,906 in 2015 to $178,932 in 2023.
Strengths
The following positive indicators were identified for University Swimming Association Inc:
- Long-standing organization: The presence of financial data dating back to 2015 suggests a long operational history.
- Consistent program delivery: Despite financial challenges, the organization has continued to operate and incur expenses, implying ongoing program delivery.
Frequently Asked Questions about University Swimming Association Inc
Is University Swimming Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, University Swimming Association Inc (EIN: 221688245) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does University Swimming Association Inc spend its money?
University Swimming Association Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to University Swimming Association Inc tax-deductible?
University Swimming Association Inc is registered as a tax-exempt nonprofit (EIN: 221688245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does University Swimming Association Inc do?
University Swimming Association Inc is a nonprofit organization in the Unknown sector, located in New Brunswick, New Jersey. It is classified under NTEE code Unknown.
How much revenue does University Swimming Association Inc have?
University Swimming Association Inc reported total revenue of $186,089. Based on 12 IRS 990 filings on record.
What are University Swimming Association Inc's total assets?
University Swimming Association Inc holds total assets of $134,282 as reported in IRS 990 filings.
Where is University Swimming Association Inc located?
University Swimming Association Inc is based in New Brunswick, New Jersey.
What is University Swimming Association Inc's EIN?
University Swimming Association Inc's Employer Identification Number (EIN) is 221688245. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is University Swimming Association Inc?
University Swimming Association Inc is classified under NTEE code Unknown (Unknown).
Is University Swimming Association Inc a registered 501(c)(3)?
University Swimming Association Inc appears in IRS records (EIN: 221688245). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does University Swimming Association Inc file IRS Form 990?
Yes, University Swimming Association Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202310.
What was University Swimming Association Inc's revenue in 2023?
In the 202310 filing period, University Swimming Association Inc reported total revenue of $178,932, total expenses of $194,993, and net assets of $130,860.
Is University Swimming Association Inc's revenue growing or declining?
University Swimming Association Inc's revenue is growing. Revenue went from $170,186 (202210) to $178,932 (202310), a +5.1% change. Based on 12 filings on record.
What is University Swimming Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for University Swimming Association Inc covers tax period 202310. It shows revenue of $178,932, expenses of $194,993, total assets of $130,860, and liabilities of $91,498.
How much does University Swimming Association Inc spend on programs vs administration?
Based on IRS 990 analysis, University Swimming Association Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is University Swimming Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, University Swimming Association Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for University Swimming Association Inc?
The following concerns were identified: Consistent net losses: Expenses have exceeded revenue in multiple years (e.g., 2023: revenue $178,932, expenses $194,993).. Declining net assets: Total assets have decreased by over 34% since 2015, from $197,948 to $130,860 in 2023.. Lack of executive compensation disclosure: The provided data indicates 0% compensation, which is unusual for an organization of this size and suggests a lack of transparency.. Limited revenue growth: Revenue has remained relatively stagnant over the past decade, with only modest increases from $133,906 in 2015 to $178,932 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are University Swimming Association Inc's strengths?
Positive indicators for University Swimming Association Inc include: Long-standing organization: The presence of financial data dating back to 2015 suggests a long operational history.. Consistent program delivery: Despite financial challenges, the organization has continued to operate and incur expenses, implying ongoing program delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does University Swimming Association Inc compensate executives?
Executive compensation cannot be assessed as no compensation figures (c) were provided in the financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is University Swimming Association Inc?
- Financial statements consistently show expenses exceeding revenue, leading to net losses in recent years. - The organization's net assets have steadily declined from $197,948 in 2015 to $130,860 in 2023. - No compensation information is available in the provided data, indicating a lack of transparency regarding executive pay. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent net losses and declining assets, what is the long-term financial sustainability plan for the University Swimming Association Inc?
The provided data indicates a trend of expenses exceeding revenue and a significant reduction in net assets over the past eight years. Without a clear strategy to reverse these trends, the organization's long-term financial viability is questionable.
How does the organization manage to operate with consistent losses and declining assets without reporting any executive compensation?
The absence of reported executive compensation (c=0%) in the filings, alongside consistent operational losses, suggests that the organization may rely heavily on volunteer efforts or that compensation is being reported in a non-standard manner, which warrants further investigation into their operational model and financial reporting practices.
Filing History
IRS 990 filing history for University Swimming Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), University Swimming Association Inc's revenue has grown by 16%, moving from $154K to $179K. Total assets decreased by 43.1% over the same period, from $230K to $131K. Total functional expenses rose by 44.7%, from $135K to $195K. In its most recent filing year (2023), University Swimming Association Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $91K in liabilities against $131K in assets (debt-to-asset ratio: 69.9%), resulting in net assets of $39K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $195K | $131K | $91K | — | View 990 |
| 2022 | $170K | $190K | $147K | $91K | — | View 990 |
| 2021 | $168K | $150K | $161K | $86K | — | View 990 |
| 2019 | $133K | $132K | $163K | $69K | — | View 990 |
| 2018 | $131K | $147K | $171K | $78K | — | View 990 |
| 2017 | $137K | $150K | $185K | $76K | — | — |
| 2016 | $141K | $144K | $195K | $72K | — | View 990 |
| 2015 | $134K | $157K | $198K | $73K | — | View 990 |
| 2014 | $140K | $138K | $218K | $69K | — | View 990 |
| 2013 | $137K | $140K | $218K | $73K | — | View 990 |
| 2012 | $131K | $148K | $229K | $81K | — | View 990 |
| 2011 | $154K | $135K | $230K | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $195K, and assets of $131K (revenue +5.1% year-over-year).
- 2022: Revenue of $170K, expenses of $190K, and assets of $147K (revenue +1.6% year-over-year).
- 2021: Revenue of $168K, expenses of $150K, and assets of $161K (revenue +25.9% year-over-year).
- 2019: Revenue of $133K, expenses of $132K, and assets of $163K (revenue +1.9% year-over-year).
- 2018: Revenue of $131K, expenses of $147K, and assets of $171K (revenue -4.6% year-over-year).
- 2017: Revenue of $137K, expenses of $150K, and assets of $185K (revenue -2.8% year-over-year).
- 2016: Revenue of $141K, expenses of $144K, and assets of $195K (revenue +5.2% year-over-year).
- 2015: Revenue of $134K, expenses of $157K, and assets of $198K (revenue -4.6% year-over-year).
- 2014: Revenue of $140K, expenses of $138K, and assets of $218K (revenue +2.6% year-over-year).
- 2013: Revenue of $137K, expenses of $140K, and assets of $218K (revenue +4.3% year-over-year).
- 2012: Revenue of $131K, expenses of $148K, and assets of $229K (revenue -15.0% year-over-year).
- 2011: Revenue of $154K, expenses of $135K, and assets of $230K.
Data Sources and Methodology
This transparency report for University Swimming Association 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.