Westwood Swim Club Inc
Westwood Swim Club Inc: Declining Revenue, High Liabilities, and Unclear Mission
EIN: 221720262 · Westwood, NJ · Updated: 2026-04-04
About Westwood Swim Club Inc
Westwood Swim Club Inc (EIN: 221720262) is a nonprofit organization based in Westwood, NJ. The organization reported total revenue of $191K and total assets of $656K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westwood Swim Club 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 Westwood Swim Club Inc with a Mission Score of 40 out of 100 (Fair). 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, Westwood Swim Club 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 the provided data does not include any information on salaries or compensation for executives or key employees.
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 Westwood Swim Club Inc's IRS 990 filings:
- Consistent decline in revenue over the past several years, indicating potential sustainability issues.
- High liabilities relative to assets, with liabilities consistently over $170,000 in recent years.
- Lack of clear mission statement or program details in the provided data makes it difficult to assess impact.
- No information on executive compensation, which is a critical component of financial transparency.
Strengths
The following positive indicators were identified for Westwood Swim Club Inc:
- Maintains a consistent asset base, generally above $650,000, suggesting some financial stability despite revenue declines.
- Expenses have generally been managed below revenue in most years, preventing significant deficits.
Frequently Asked Questions about Westwood Swim Club Inc
What does Westwood Swim Club Inc do?
Westwood Swim Club Inc is a nonprofit organization in the Unknown sector, located in Westwood, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Westwood Swim Club Inc have?
Westwood Swim Club Inc reported total revenue of $191,366. Based on 13 IRS 990 filings on record.
What are Westwood Swim Club Inc's total assets?
Westwood Swim Club Inc holds total assets of $656,218 as reported in IRS 990 filings.
Where is Westwood Swim Club Inc located?
Westwood Swim Club Inc is based in Westwood, New Jersey.
What is Westwood Swim Club Inc's EIN?
Westwood Swim Club Inc's Employer Identification Number (EIN) is 221720262. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Westwood Swim Club Inc?
Westwood Swim Club Inc is classified under NTEE code Unknown (Unknown).
Is Westwood Swim Club Inc a registered 501(c)(3)?
Westwood Swim Club Inc appears in IRS records (EIN: 221720262). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Westwood Swim Club Inc file IRS Form 990?
Yes, Westwood Swim Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202310.
What was Westwood Swim Club Inc's revenue in 2023?
In the 202310 filing period, Westwood Swim Club Inc reported total revenue of $210,713, total expenses of $264,909, and net assets of $731,346.
Is Westwood Swim Club Inc's revenue growing or declining?
Westwood Swim Club Inc's revenue is growing. Revenue went from $191,037 (202210) to $210,713 (202310), a +10.3% change. Based on 13 filings on record.
What is Westwood Swim Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Westwood Swim Club Inc covers tax period 202310. It shows revenue of $210,713, expenses of $264,909, total assets of $731,346, and liabilities of $173,002.
How much does Westwood Swim Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Westwood Swim Club 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 Westwood Swim Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Westwood Swim Club Inc shows mixed signals. Mission Score: 40/100 (Fair). 4 red flags identified. 2 strengths noted.
What are the red flags for Westwood Swim Club Inc?
The following concerns were identified: Consistent decline in revenue over the past several years, indicating potential sustainability issues.. High liabilities relative to assets, with liabilities consistently over $170,000 in recent years.. Lack of clear mission statement or program details in the provided data makes it difficult to assess impact.. No information on executive compensation, which is a critical component of financial transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Westwood Swim Club Inc's strengths?
Positive indicators for Westwood Swim Club Inc include: Maintains a consistent asset base, generally above $650,000, suggesting some financial stability despite revenue declines.. Expenses have generally been managed below revenue in most years, preventing significant deficits.. These findings are derived from AI analysis of the organization's financial filings.
How does Westwood Swim Club Inc compensate executives?
Executive compensation cannot be assessed as the provided data does not include any information on salaries or compensation for executives or key employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue and high liabilities, what specific strategies are being implemented to ensure the long-term financial viability of Westwood Swim Club Inc?
The provided data does not offer insights into strategic plans for revenue generation or liability management. Further investigation into operational strategies and fundraising efforts would be necessary.
How does Westwood Swim Club Inc define and measure the impact of its programs, especially considering the lack of detailed program information in the available filings?
Without a mission statement or program details, it's impossible to determine how the organization measures its impact. This information is crucial for assessing the effectiveness of its activities.
Filing History
IRS 990 filing history for Westwood Swim Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westwood Swim Club Inc's revenue has grown by 12.6%, moving from $187K to $211K. Total assets increased by 10.9% over the same period, from $660K to $731K. Total functional expenses rose by 38.7%, from $191K to $265K. In its most recent filing year (2023), Westwood Swim Club Inc reported a deficit of $54K, with expenses exceeding revenue. The organization holds $173K in liabilities against $731K in assets (debt-to-asset ratio: 23.7%), resulting in net assets of $558K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $265K | $731K | $173K | — | View 990 |
| 2022 | $191K | $232K | $793K | $180K | — | View 990 |
| 2021 | $160K | $225K | $842K | $187K | — | — |
| 2020 | $143K | $194K | $711K | $252K | — | — |
| 2019 | $205K | $198K | $656K | $147K | — | View 990 |
| 2018 | $180K | $179K | $661K | $155K | — | View 990 |
| 2017 | $188K | $192K | $677K | $173K | — | View 990 |
| 2016 | $212K | $190K | $670K | $158K | — | View 990 |
| 2015 | $208K | $220K | $662K | $164K | — | View 990 |
| 2014 | $211K | $246K | $681K | $166K | — | View 990 |
| 2013 | $234K | $178K | $732K | $170K | — | View 990 |
| 2012 | $200K | $174K | $678K | $173K | — | View 990 |
| 2011 | $187K | $191K | $660K | $176K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $265K, and assets of $731K (revenue +10.3% year-over-year).
- 2022: Revenue of $191K, expenses of $232K, and assets of $793K (revenue +19.5% year-over-year).
- 2021: Revenue of $160K, expenses of $225K, and assets of $842K (revenue +11.6% year-over-year).
- 2020: Revenue of $143K, expenses of $194K, and assets of $711K (revenue -30.0% year-over-year).
- 2019: Revenue of $205K, expenses of $198K, and assets of $656K (revenue +13.5% year-over-year).
- 2018: Revenue of $180K, expenses of $179K, and assets of $661K (revenue -4.0% year-over-year).
- 2017: Revenue of $188K, expenses of $192K, and assets of $677K (revenue -11.3% year-over-year).
- 2016: Revenue of $212K, expenses of $190K, and assets of $670K (revenue +1.7% year-over-year).
- 2015: Revenue of $208K, expenses of $220K, and assets of $662K (revenue -1.2% year-over-year).
- 2014: Revenue of $211K, expenses of $246K, and assets of $681K (revenue -9.8% year-over-year).
- 2013: Revenue of $234K, expenses of $178K, and assets of $732K (revenue +16.7% year-over-year).
- 2012: Revenue of $200K, expenses of $174K, and assets of $678K (revenue +6.9% year-over-year).
- 2011: Revenue of $187K, expenses of $191K, and assets of $660K.
Data Sources and Methodology
This transparency report for Westwood Swim Club 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.