Waunakee Wave Swim Team
Waunakee Wave Swim Team shows consistent operations with recent financial surplus and no executive compensation.
EIN: 208794031 · Waunakee, WI · NTEE: N67 · Updated: 2026-03-28
Is Waunakee Wave Swim Team Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waunakee Wave Swim Team directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waunakee Wave Swim Team
Waunakee Wave Swim Team (EIN: 208794031) is a nonprofit organization based in Waunakee, WI, classified under NTEE code N67. The organization reported total revenue of $261K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waunakee Wave Swim Team'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 Waunakee Wave Swim Team with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Waunakee Wave Swim Team allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with revenues reaching over $340,000.
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.
Strengths
The following positive indicators were identified for Waunakee Wave Swim Team:
- Consistent 0% officer compensation across all filings, indicating volunteer leadership.
- Recent financial surplus in 202307 ($340,892 revenue vs. $308,787 expenses).
- Growing assets, reaching $73,176 in 202307, enhancing financial stability.
- Low liabilities relative to assets, at $18,588 in 202307.
- Mission-aligned NTEE code (N67) and consistent operational focus.
Frequently Asked Questions about Waunakee Wave Swim Team
Is Waunakee Wave Swim Team a legitimate charity?
Based on AI analysis of IRS 990 filings, Waunakee Wave Swim Team (EIN: 208794031) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Waunakee Wave Swim Team spend its money?
Waunakee Wave Swim Team directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waunakee Wave Swim Team tax-deductible?
Waunakee Wave Swim Team is registered as a tax-exempt nonprofit (EIN: 208794031). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Waunakee Wave Swim Team a good charity?
Based on the available IRS 990 data, the Waunakee Wave Swim Team appears to be a good charity. It consistently reports 0% officer compensation, indicating a volunteer-led structure, and has shown recent financial surpluses and asset growth. Its NTEE code aligns directly with its name and presumed mission.
How has the organization's financial health changed over time?
The organization's financial health has generally been stable, with revenues and expenses fluctuating but often in close proximity. Notably, the 202307 period showed a significant positive shift with revenue ($340,892) exceeding expenses ($308,787), leading to increased assets ($73,176) compared to previous years where expenses sometimes outpaced revenue.
What is the trend in the organization's assets?
Assets have fluctuated but show a positive trend in recent years, increasing from $32,505 in 202207 to $73,176 in 202307. This indicates a strengthening balance sheet and improved financial reserves.
Filing History
IRS 990 filing history for Waunakee Wave Swim Team showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Waunakee Wave Swim Team's revenue has grown by 304.3%, moving from $84K to $341K. Total assets increased by 79% over the same period, from $41K to $73K. Total functional expenses rose by 297.3%, from $78K to $309K. In its most recent filing year (2023), Waunakee Wave Swim Team reported a surplus of $32K, with revenue exceeding expenses. The organization holds $19K in liabilities against $73K in assets (debt-to-asset ratio: 25.4%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $341K | $309K | $73K | $19K | — | — |
| 2022 | $230K | $246K | $33K | $10K | — | View 990 |
| 2021 | $202K | $216K | $49K | $11K | — | View 990 |
| 2020 | $202K | $168K | $67K | $14K | — | View 990 |
| 2019 | $189K | $217K | $29K | $10K | — | View 990 |
| 2018 | $198K | $201K | $57K | $10K | — | View 990 |
| 2017 | $205K | $210K | $60K | $9K | — | View 990 |
| 2016 | $236K | $233K | $67K | $0 | — | View 990 |
| 2015 | $203K | $210K | $64K | $20 | — | View 990 |
| 2014 | $127K | $125K | $71K | $0 | — | View 990 |
| 2013 | $143K | $145K | $69K | $0 | — | View 990 |
| 2012 | $112K | $102K | $71K | $79 | — | View 990 |
| 2011 | $84K | $78K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $341K, expenses of $309K, and assets of $73K (revenue +48.0% year-over-year).
- 2022: Revenue of $230K, expenses of $246K, and assets of $33K (revenue +14.2% year-over-year).
- 2021: Revenue of $202K, expenses of $216K, and assets of $49K (revenue -0.3% year-over-year).
- 2020: Revenue of $202K, expenses of $168K, and assets of $67K (revenue +7.1% year-over-year).
- 2019: Revenue of $189K, expenses of $217K, and assets of $29K (revenue -4.6% year-over-year).
- 2018: Revenue of $198K, expenses of $201K, and assets of $57K (revenue -3.6% year-over-year).
- 2017: Revenue of $205K, expenses of $210K, and assets of $60K (revenue -12.8% year-over-year).
- 2016: Revenue of $236K, expenses of $233K, and assets of $67K (revenue +15.9% year-over-year).
- 2015: Revenue of $203K, expenses of $210K, and assets of $64K (revenue +59.6% year-over-year).
- 2014: Revenue of $127K, expenses of $125K, and assets of $71K (revenue -11.2% year-over-year).
- 2013: Revenue of $143K, expenses of $145K, and assets of $69K (revenue +27.7% year-over-year).
- 2012: Revenue of $112K, expenses of $102K, and assets of $71K (revenue +33.2% year-over-year).
- 2011: Revenue of $84K, expenses of $78K, and assets of $41K.
Data Sources and Methodology
This transparency report for Waunakee Wave 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.