Wendell Swim Club Association Inc
EIN: 561230744 · Wendell, NC
Is Wendell Swim Club Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wendell Swim Club Association Inc
Wendell Swim Club Association Inc (EIN: 561230744) is a nonprofit organization based in Wendell, NC. The organization reported total revenue of $204K and total assets of $151K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wendell Swim Club Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wendell Swim Club Association Inc is a small nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $130K |
| Surplus / Deficit | +$20K |
| Total Assets | $117K |
| Total Liabilities | $45K |
| Net Assets | $72K |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 38.6% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2022, Wendell Swim Club Association Inc reported a surplus of $20K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 38.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Wendell Swim Club Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +22.3% | +6.8% | +26.4% |
| 2021 | +12.5% | -2.1% | +67.0% |
| 2020 | +31.0% | +43.8% | -4.4% |
| 2019 | -7.0% | -14.7% | -7.3% |
| 2018 | +3.5% | +9.3% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wendell Swim Club Association Inc 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 Wendell Swim Club Association Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.6%.
Frequently Asked Questions about Wendell Swim Club Association Inc
Is Wendell Swim Club Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wendell Swim Club Association Inc (EIN: 561230744) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wendell Swim Club Association Inc spend its money?
Detailed spending breakdown data is not yet available for Wendell Swim Club Association Inc. Check back for updated IRS 990 analysis.
Are donations to Wendell Swim Club Association Inc tax-deductible?
Wendell Swim Club Association Inc is registered as a tax-exempt nonprofit (EIN: 561230744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Wendell Swim Club Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Wendell Swim Club Association Inc's revenue has grown by 56.4%, moving from $96K to $149K. Total assets decreased by 6.2% over the same period, from $125K to $117K. Total functional expenses rose by 33.3%, from $97K to $130K. In its most recent filing year (2022), Wendell Swim Club Association Inc reported a surplus of $20K, with revenue exceeding expenses. The organization holds $45K in liabilities against $117K in assets (debt-to-asset ratio: 38.6%), resulting in net assets of $72K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $149K | $130K | $117K | $45K | — | View 990 |
| 2021 | $122K | $121K | $93K | $45K | — | View 990 |
| 2020 | $109K | $124K | $55K | $32K | — | View 990 |
| 2019 | $83K | $86K | $58K | $22K | — | View 990 |
| 2018 | $89K | $101K | $63K | $28K | — | View 990 |
| 2017 | $86K | $92K | $63K | $19K | — | View 990 |
| 2016 | $82K | $97K | $67K | $19K | — | View 990 |
| 2015 | $87K | $91K | $76K | $15K | — | View 990 |
| 2014 | $96K | $97K | $85K | $22K | — | View 990 |
| 2013 | $94K | $94K | $98K | $34K | — | View 990 |
| 2012 | $94K | $114K | $106K | $43K | — | View 990 |
| 2011 | $96K | $97K | $125K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $149K, expenses of $130K, and assets of $117K (revenue +22.3% year-over-year).
- 2021: Revenue of $122K, expenses of $121K, and assets of $93K (revenue +12.5% year-over-year).
- 2020: Revenue of $109K, expenses of $124K, and assets of $55K (revenue +31.0% year-over-year).
- 2019: Revenue of $83K, expenses of $86K, and assets of $58K (revenue -7.0% year-over-year).
- 2018: Revenue of $89K, expenses of $101K, and assets of $63K (revenue +3.5% year-over-year).
- 2017: Revenue of $86K, expenses of $92K, and assets of $63K (revenue +5.1% year-over-year).
- 2016: Revenue of $82K, expenses of $97K, and assets of $67K (revenue -5.5% year-over-year).
- 2015: Revenue of $87K, expenses of $91K, and assets of $76K (revenue -9.4% year-over-year).
- 2014: Revenue of $96K, expenses of $97K, and assets of $85K (revenue +2.0% year-over-year).
- 2013: Revenue of $94K, expenses of $94K, and assets of $98K (revenue +0.2% year-over-year).
- 2012: Revenue of $94K, expenses of $114K, and assets of $106K (revenue -2.0% year-over-year).
- 2011: Revenue of $96K, expenses of $97K, and assets of $125K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wendell Swim Club Association Inc:
Data Sources and Methodology
This transparency report for Wendell Swim Club 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.