Winchester Swim Team Inc

Winchester Swim Team Inc. faces recent operating deficits and declining assets despite volunteer leadership.

EIN: 202411904 · Winchester, VA · NTEE: N67 · Updated: 2026-03-28

$338KRevenue

$50KAssets

70/100Mission Score (Good)

N67

About Winchester Swim Team Inc

Winchester Swim Team Inc (EIN: 202411904) is a nonprofit organization based in Winchester, VA, classified under NTEE code N67. The organization reported total revenue of $338K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winchester Swim Team Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Winchester Swim Team Inc. demonstrates a fluctuating financial position over the past several years. While the organization reported a healthy revenue of $334,143 in 2022, it experienced a significant deficit in 2023 with expenses ($302,021) exceeding revenue ($220,485), leading to a decrease in assets from $116,746 to $27,621. This recent trend of spending more than it earns, also seen in 2021 and 2019, suggests potential challenges in maintaining financial stability without consistent revenue growth or expense management. The organization consistently reports 0% officer compensation, which is a positive indicator of volunteer leadership and efficient use of funds for its mission.

Spending efficiency appears to be generally strong, with a focus on program delivery given the nature of a swim team. However, without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is limited. The consistent reporting of zero officer compensation across all filings indicates a high level of transparency regarding executive pay, suggesting that leadership is likely volunteer-based or compensated through other means not classified as officer compensation.

The organization's assets have seen a notable decline from a peak of $187,534 in 2017 to $27,621 in 2023, raising questions about long-term financial resilience. While liabilities have remained relatively low, the recent substantial drop in assets combined with operating deficits warrants closer monitoring. Overall, while the organization benefits from volunteer leadership, its recent financial performance indicates a need for strategic planning to ensure sustainable operations and rebuild its asset base.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Winchester Swim Team Inc with a Mission Score of 70 out of 100 (Good). 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: 85%
fundraising: 5%

According to IRS 990 filings, Winchester Swim Team Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Winchester Swim Team Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through non-officer channels, which is a positive sign for resource allocation.

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 Winchester Swim Team Inc's IRS 990 filings:

Operating deficits in multiple recent years (2023, 2021, 2020, 2019)
Significant decline in assets from $187,534 in 2017 to $27,621 in 2023
Revenue volatility, with a sharp drop from $334,143 in 2022 to $220,485 in 2023

Strengths

The following positive indicators were identified for Winchester Swim Team Inc:

Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds
Long operational history with 13 IRS 990 filings
Relatively low liabilities across most periods

Frequently Asked Questions about Winchester Swim Team Inc

What caused the significant drop in assets from $116,746 in 2022 to $27,621 in 2023?

The significant drop in assets is primarily due to the organization's expenses ($302,021) exceeding its revenue ($220,485) in the 2023 fiscal period, resulting in an operating deficit that drew down its reserves.

How does Winchester Swim Team Inc. plan to address its recent operating deficits?

The provided data does not detail specific plans, but the organization would need to either increase its revenue streams or implement cost-cutting measures to return to a financially sustainable position.

What is the primary source of revenue for the organization?

While not explicitly detailed in the provided summary, for a swim team, primary revenue sources typically include membership fees, program fees, event registrations, and potentially local sponsorships or donations.

Filing History

IRS 990 filing history for Winchester Swim Team Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Winchester Swim Team Inc's revenue has grown by 24.3%, moving from $177K to $220K. Total assets decreased by 64.1% over the same period, from $77K to $28K. Total functional expenses rose by 121%, from $137K to $302K. In its most recent filing year (2023), Winchester Swim Team Inc reported a deficit of $82K, with expenses exceeding revenue. The organization holds $2K in liabilities against $28K in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $26K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$220K	$302K	$28K	$2K	—	View 990
2022	$334K	$289K	$117K	$10K	—	View 990
2021	$261K	$268K	$99K	$36K	—	View 990
2020	$47K	$100K	$103K	$34K	—	View 990
2019	$214K	$262K	$123K	$1K	—	View 990
2018	$248K	$266K	$170K	$9	—	View 990
2017	$283K	$256K	$188K	$8	—	View 990
2016	$256K	$244K	$161K	$9	—	View 990
2015	$223K	$199K	$150K	$2K	—	View 990
2014	$187K	$167K	$125K	$1K	—	View 990
2013	$170K	$168K	$106K	$2K	—	View 990
2012	$170K	$143K	$105K	$3K	—	View 990
2011	$177K	$137K	$77K	$1K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $220K, expenses of $302K, and assets of $28K (revenue -34.0% year-over-year).
2022: Revenue of $334K, expenses of $289K, and assets of $117K (revenue +28.1% year-over-year).
2021: Revenue of $261K, expenses of $268K, and assets of $99K (revenue +451.0% year-over-year).
2020: Revenue of $47K, expenses of $100K, and assets of $103K (revenue -77.9% year-over-year).
2019: Revenue of $214K, expenses of $262K, and assets of $123K (revenue -13.8% year-over-year).
2018: Revenue of $248K, expenses of $266K, and assets of $170K (revenue -12.3% year-over-year).
2017: Revenue of $283K, expenses of $256K, and assets of $188K (revenue +10.4% year-over-year).
2016: Revenue of $256K, expenses of $244K, and assets of $161K (revenue +14.9% year-over-year).
2015: Revenue of $223K, expenses of $199K, and assets of $150K (revenue +19.5% year-over-year).
2014: Revenue of $187K, expenses of $167K, and assets of $125K (revenue +10.1% year-over-year).
2013: Revenue of $170K, expenses of $168K, and assets of $106K (revenue -0.3% year-over-year).
2012: Revenue of $170K, expenses of $143K, and assets of $105K (revenue -4.0% year-over-year).
2011: Revenue of $177K, expenses of $137K, and assets of $77K.

Data Sources and Methodology

This transparency report for Winchester 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.