Willows Swim Club
Willows Swim Club: Consistent Revenue, High Liabilities, and Unclear Mission
EIN: 221663954 · Kendall Park, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $258K |
| Total Expenses | $275K |
| Program Spending | 70% |
| Net Assets | $64K |
| Transparency Score | 40/100 |
Is Willows Swim Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Willows Swim Club directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Willows Swim Club
Willows Swim Club (EIN: 221663954) is a nonprofit organization based in Kendall Park, NJ. The organization reported total revenue of $258K and total assets of $432K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Willows Swim Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Willows Swim Club is a small nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $258K |
| Total Expenses | $275K |
| Surplus / Deficit | $-17,290 |
| Total Assets | $432K |
| Total Liabilities | $368K |
| Net Assets | $64K |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 85.2% |
| Months of Reserves | 18.9 months |
Financial Health Grade: C
In 2023, Willows Swim Club reported a deficit of $17K with expenses exceeding revenue, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 85.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Willows Swim Club's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +22.1% | -7.5% |
| 2022 | +2.6% | -4.2% | +6.1% |
| 2021 | +70.2% | +17.9% | +5.2% |
| 2020 | -21.5% | -9.8% | -9.7% |
| 2019 | -5.5% | -3.8% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
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 Willows Swim Club 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, Willows Swim Club allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 85.2%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting it is below the IRS reporting threshold or not applicable for this organization's structure.
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 Willows Swim Club's IRS 990 filings:
- Liabilities consistently represent a very high percentage of assets (e.g., 85% in 2023, $368,096 liabilities vs $432,177 assets), indicating potential financial vulnerability.
- The organization's mission or specific programs are not clearly defined in the provided data, making it difficult to assess programmatic impact.
- No information on executive compensation is available, which could be a red flag for transparency if significant compensation exists but is not disclosed.
- Consistent operating deficits (expenses exceeding revenue) in multiple years (e.g., 2023: $274,862 expenses vs $257,572 revenue) raise concerns about long-term financial sustainability.
Strengths
The following positive indicators were identified for Willows Swim Club:
- Consistent revenue generation over several years (averaging around $200,000-$250,000 annually) demonstrates a stable funding base.
- Assets have remained relatively stable over the past few years, suggesting some financial resilience despite high liabilities.
Frequently Asked Questions about Willows Swim Club
Is Willows Swim Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Willows Swim Club (EIN: 221663954) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does Willows Swim Club spend its money?
Willows Swim Club directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Willows Swim Club tax-deductible?
Willows Swim Club is registered as a tax-exempt nonprofit (EIN: 221663954). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Willows Swim Club's spending goes to programs?
Willows Swim Club directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Willows Swim Club located?
Willows Swim Club is headquartered in Kendall Park, New Jersey and files with the IRS under EIN 221663954.
How many years of IRS 990 filings does Willows Swim Club have?
Willows Swim Club has 13 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 $258K in total revenue.
What does Willows Swim Club do?
Willows Swim Club is a nonprofit organization in the Unknown sector, located in Kendall Park, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Willows Swim Club have?
Willows Swim Club reported total revenue of $257,572. Based on 13 IRS 990 filings on record.
What are Willows Swim Club's total assets?
Willows Swim Club holds total assets of $432,177 as reported in IRS 990 filings.
Where is Willows Swim Club located?
Willows Swim Club is based in Kendall Park, New Jersey.
What is Willows Swim Club's EIN?
Willows Swim Club's Employer Identification Number (EIN) is 221663954. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Willows Swim Club?
Willows Swim Club is classified under NTEE code Unknown (Unknown).
Is Willows Swim Club a registered 501(c)(3)?
Willows Swim Club appears in IRS records (EIN: 221663954). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Willows Swim Club file IRS Form 990?
Yes, Willows Swim Club has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Willows Swim Club's revenue in 2023?
In the 202312 filing period, Willows Swim Club reported total revenue of $257,572, total expenses of $274,862, and net assets of $432,177.
Is Willows Swim Club's revenue growing or declining?
Willows Swim Club's revenue is relatively stable. Revenue went from $265,641 (202212) to $257,572 (202312), a -3.0% change. Based on 13 filings on record.
What is Willows Swim Club's most recent 990 filing?
The most recent IRS Form 990 filing for Willows Swim Club covers tax period 202312. It shows revenue of $257,572, expenses of $274,862, total assets of $432,177, and liabilities of $368,096.
How much does Willows Swim Club spend on programs vs administration?
Based on IRS 990 analysis, Willows Swim Club allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Willows Swim Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Willows Swim Club shows mixed signals. Mission Score: 40/100 (Fair). 4 red flags identified. 2 strengths noted.
What are the red flags for Willows Swim Club?
The following concerns were identified: Liabilities consistently represent a very high percentage of assets (e.g., 85% in 2023, $368,096 liabilities vs $432,177 assets), indicating potential financial vulnerability.. The organization's mission or specific programs are not clearly defined in the provided data, making it difficult to assess programmatic impact.. No information on executive compensation is available, which could be a red flag for transparency if significant compensation exists but is not disclosed.. Consistent operating deficits (expenses exceeding revenue) in multiple years (e.g., 2023: $274,862 expenses vs $257,572 revenue) raise concerns about long-term financial sustainability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Willows Swim Club's strengths?
Positive indicators for Willows Swim Club include: Consistent revenue generation over several years (averaging around $200,000-$250,000 annually) demonstrates a stable funding base.. Assets have remained relatively stable over the past few years, suggesting some financial resilience despite high liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Willows Swim Club compensate executives?
Executive compensation is not reported in the provided filings, suggesting it is below the IRS reporting threshold or not applicable for this organization's structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Willows Swim Club?
- No detailed program descriptions or impact reports are publicly available. - Financial statements lack granular breakdown of expenses beyond broad categories. - Board meeting minutes or governance policies are not accessible. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent high liabilities relative to assets, what is the nature of these liabilities and the organization's strategy to manage or reduce them?
The provided data does not specify the nature of the liabilities (e.g., mortgages, loans, deferred revenue). Without this detail, it's unclear if they are long-term, manageable debts or more immediate financial pressures. A strategy for reduction is also not evident.
What specific programs or services does Willows Swim Club provide to the community, and how are these programs funded and evaluated for impact?
The data does not offer any insight into the specific programs or services offered by Willows Swim Club. Without this information, it's impossible to assess how funds are utilized for programmatic impact or how success is measured.
Filing History
IRS 990 filing history for Willows Swim Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Willows Swim Club's revenue has grown by 13.7%, moving from $227K to $258K. Total assets decreased by 28.5% over the same period, from $605K to $432K. Total functional expenses rose by 24.6%, from $221K to $275K. In its most recent filing year (2023), Willows Swim Club reported a deficit of $17K, with expenses exceeding revenue. The organization holds $368K in liabilities against $432K in assets (debt-to-asset ratio: 85.2%), resulting in net assets of $64K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $258K | $275K | $432K | $368K | — | — |
| 2022 | $266K | $225K | $467K | $386K | — | View 990 |
| 2021 | $259K | $235K | $440K | $399K | — | View 990 |
| 2020 | $152K | $199K | $418K | $401K | — | View 990 |
| 2019 | $194K | $221K | $463K | $399K | — | View 990 |
| 2018 | $205K | $230K | $503K | $412K | — | View 990 |
| 2017 | $225K | $216K | $542K | $427K | — | View 990 |
| 2016 | $212K | $216K | $548K | $441K | — | View 990 |
| 2015 | $216K | $228K | $567K | $457K | — | View 990 |
| 2014 | $220K | $214K | $588K | $466K | — | View 990 |
| 2013 | $217K | $203K | $593K | $477K | — | View 990 |
| 2012 | $224K | $227K | $591K | $489K | — | View 990 |
| 2011 | $227K | $221K | $605K | $500K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $258K, expenses of $275K, and assets of $432K (revenue -3.0% year-over-year).
- 2022: Revenue of $266K, expenses of $225K, and assets of $467K (revenue +2.6% year-over-year).
- 2021: Revenue of $259K, expenses of $235K, and assets of $440K (revenue +70.2% year-over-year).
- 2020: Revenue of $152K, expenses of $199K, and assets of $418K (revenue -21.5% year-over-year).
- 2019: Revenue of $194K, expenses of $221K, and assets of $463K (revenue -5.5% year-over-year).
- 2018: Revenue of $205K, expenses of $230K, and assets of $503K (revenue -8.7% year-over-year).
- 2017: Revenue of $225K, expenses of $216K, and assets of $542K (revenue +5.9% year-over-year).
- 2016: Revenue of $212K, expenses of $216K, and assets of $548K (revenue -1.9% year-over-year).
- 2015: Revenue of $216K, expenses of $228K, and assets of $567K (revenue -1.7% year-over-year).
- 2014: Revenue of $220K, expenses of $214K, and assets of $588K (revenue +1.4% year-over-year).
- 2013: Revenue of $217K, expenses of $203K, and assets of $593K (revenue -3.3% year-over-year).
- 2012: Revenue of $224K, expenses of $227K, and assets of $591K (revenue -1.1% year-over-year).
- 2011: Revenue of $227K, expenses of $221K, and assets of $605K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Willows Swim Club:
Data Sources and Methodology
This transparency report for Willows Swim Club 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.