Verona Area Swim Team
EIN: 831011710 · Verona, WI · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $588K |
| Total Expenses | $406K |
| Net Assets | $105K |
Is Verona Area Swim Team Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Verona Area Swim Team
Verona Area Swim Team (EIN: 831011710) is a nonprofit organization based in Verona, WI, classified under NTEE code N67. The organization reported total revenue of $588K and total assets of $275K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Verona Area Swim Team's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Verona Area Swim Team is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 55.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $446K |
| Total Expenses | $406K |
| Surplus / Deficit | +$40K |
| Total Assets | $187K |
| Total Liabilities | $82K |
| Net Assets | $105K |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 43.9% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Verona Area Swim Team reported a surplus of $40K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 43.9% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Verona Area Swim Team's revenue has grown at a compound annual growth rate (CAGR) of 55.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.4% | +79.6% | +53.1% |
| 2022 | +49.1% | +41.1% | +141.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Verona Area Swim Team 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 Verona Area Swim Team 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.9%.
Frequently Asked Questions about Verona Area Swim Team
Is Verona Area Swim Team a legitimate charity?
Based on AI analysis of IRS 990 filings, Verona Area Swim Team (EIN: 831011710) insufficient data. 0 red flags identified, 0 strengths noted.
How does Verona Area Swim Team spend its money?
Detailed spending breakdown data is not yet available for Verona Area Swim Team. Check back for updated IRS 990 analysis.
Are donations to Verona Area Swim Team tax-deductible?
Verona Area Swim Team is registered as a tax-exempt nonprofit (EIN: 831011710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Verona Area Swim Team located?
Verona Area Swim Team is headquartered in Verona, Wisconsin and files with the IRS under EIN 831011710. It is classified under NTEE code N67.
How many years of IRS 990 filings does Verona Area Swim Team have?
Verona Area Swim Team has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $588K in total revenue.
Filing History
IRS 990 filing history for Verona Area Swim Team showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Verona Area Swim Team's revenue has grown by 142.2%, moving from $184K to $446K. Total assets increased by 270.4% over the same period, from $51K to $187K. Total functional expenses rose by 153.5%, from $160K to $406K. In its most recent filing year (2023), Verona Area Swim Team reported a surplus of $40K, with revenue exceeding expenses. The organization holds $82K in liabilities against $187K in assets (debt-to-asset ratio: 43.9%), resulting in net assets of $105K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $446K | $406K | $187K | $82K | — | View 990 |
| 2022 | $275K | $226K | $122K | $58K | — | View 990 |
| 2021 | $184K | $160K | $51K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $446K, expenses of $406K, and assets of $187K (revenue +62.4% year-over-year).
- 2022: Revenue of $275K, expenses of $226K, and assets of $122K (revenue +49.1% year-over-year).
- 2021: Revenue of $184K, expenses of $160K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Verona Area Swim Team:
Data Sources and Methodology
This transparency report for Verona Area Swim Team 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.