West Hartford Waves Swim Team Inc
West Hartford Waves Swim Team Inc shows consistent revenue and growing assets with no executive compensation.
EIN: 141894129 · West Hartford, CT · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $37K |
| Program Spending | 90% |
| Net Assets | $31K |
| Transparency Score | 90/100 |
Is West Hartford Waves Swim Team Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
West Hartford Waves Swim Team Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About West Hartford Waves Swim Team Inc
West Hartford Waves Swim Team Inc (EIN: 141894129) is a nonprofit organization based in West Hartford, CT, classified under NTEE code N67. The organization reported total revenue of $52K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of West Hartford Waves Swim Team Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
West Hartford Waves Swim Team Inc is a micro nonprofit that has been operating for 23 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $37K |
| Surplus / Deficit | +$15K |
| Total Assets | $31K |
| Net Assets | $31K |
| Operating Margin | 29.6% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2019, West Hartford Waves Swim Team Inc reported a surplus of $15K with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2012–2019), West Hartford Waves Swim Team Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -1.8% | -17.4% | +102.2% |
| 2018 | +8.1% | -31.1% | +134.5% |
| 2017 | -1.8% | +27.3% | -70.4% |
| 2016 | +3.0% | +3.2% | -2.8% |
| 2015 | +4.4% | -11.8% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 West Hartford Waves Swim Team Inc with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, West Hartford Waves Swim Team Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all eight years of filings, indicating that the organization is likely volunteer-led and directs all available funds towards its operations rather than executive salaries.
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 West Hartford Waves Swim Team Inc:
- Consistent IRS 990 filing history (8 filings)
- No reported liabilities across all periods
- Significant asset growth from $6,433 in 2017 to $30,501 in 2019
- No officer compensation reported, indicating volunteer leadership and efficient use of funds
- Latest filing (201904) shows revenue ($52,089) significantly exceeding expenses ($36,673)
Frequently Asked Questions about West Hartford Waves Swim Team Inc
Is West Hartford Waves Swim Team Inc a legitimate charity?
West Hartford Waves Swim Team Inc (EIN: 141894129) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 8 years of IRS 990 filings on record. Total revenue: $52K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does West Hartford Waves Swim Team Inc spend its money?
West Hartford Waves Swim Team Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to West Hartford Waves Swim Team Inc tax-deductible?
West Hartford Waves Swim Team Inc is registered as a tax-exempt nonprofit (EIN: 141894129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does West Hartford Waves Swim Team Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), West Hartford Waves Swim Team Inc is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is West Hartford Waves Swim Team Inc located?
West Hartford Waves Swim Team Inc is headquartered in West Hartford, Connecticut and files with the IRS under EIN 141894129. It is classified under NTEE code N67.
How many years of IRS 990 filings does West Hartford Waves Swim Team Inc have?
West Hartford Waves Swim Team Inc has 8 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 $52K in total revenue.
Is West Hartford Waves Swim Team Inc a good charity?
Based on the available financial data, West Hartford Waves Swim Team Inc appears to be a well-managed and financially responsible organization. It consistently files its IRS 990s, has no reported liabilities, and has shown positive asset growth, reaching $30,501 in 2019. The absence of officer compensation is a significant positive indicator of its commitment to its mission.
How has the organization's financial health changed over time?
The organization has maintained a consistent revenue stream around $50,000 annually. While there were periods of expenses exceeding revenue (e.g., 201704 with $64,437 expenses against $49,107 revenue), the latest filing (201904) shows a strong surplus with $52,089 revenue and $36,673 expenses, leading to a substantial increase in assets from $6,433 in 2017 to $30,501 in 2019.
What is the organization's approach to executive compensation?
West Hartford Waves Swim Team Inc reports 0% officer compensation across all eight years of its IRS 990 filings, suggesting that its leadership is entirely volunteer-based.
Filing History
IRS 990 filing history for West Hartford Waves Swim Team Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), West Hartford Waves Swim Team Inc's revenue has declined by 2.3%, moving from $53K to $52K. Total assets decreased by 6.6% over the same period, from $33K to $31K. Total functional expenses fell by 36.4%, from $58K to $37K. In its most recent filing year (2019), West Hartford Waves Swim Team Inc reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $52K | $37K | $31K | $0 | — | — |
| 2018 | $53K | $44K | $15K | $0 | — | View 990 |
| 2017 | $49K | $64K | $6K | $0 | — | — |
| 2016 | $50K | $51K | $22K | $0 | — | View 990 |
| 2015 | $49K | $49K | $22K | $0 | — | View 990 |
| 2014 | $46K | $56K | $23K | $0 | — | View 990 |
| 2013 | $55K | $56K | $32K | $0 | — | View 990 |
| 2012 | $53K | $58K | $33K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $52K, expenses of $37K, and assets of $31K (revenue -1.8% year-over-year).
- 2018: Revenue of $53K, expenses of $44K, and assets of $15K (revenue +8.1% year-over-year).
- 2017: Revenue of $49K, expenses of $64K, and assets of $6K (revenue -1.8% year-over-year).
- 2016: Revenue of $50K, expenses of $51K, and assets of $22K (revenue +3.0% year-over-year).
- 2015: Revenue of $49K, expenses of $49K, and assets of $22K (revenue +4.4% year-over-year).
- 2014: Revenue of $46K, expenses of $56K, and assets of $23K (revenue -15.9% year-over-year).
- 2013: Revenue of $55K, expenses of $56K, and assets of $32K (revenue +3.7% year-over-year).
- 2012: Revenue of $53K, expenses of $58K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for West Hartford Waves Swim Team Inc:
Data Sources and Methodology
This transparency report for West Hartford Waves Swim Team 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.