Blue Tide Swim Team Inc

Nonprofit profile at a glance

EIN
472780585
IRS 990-EZ coverage
2016–2020
Forms available
Form 990 2019, Form 990-EZ 2020
Location
Ponte Vedra, FL, USA
Rating
87
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$161,989
Expenses
$150,322
Assets
$108,820
Liabilities
$24,500

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Amy Levasseur (President)
  • Kathryn Zimmerman (Vice President)
  • Shannon Smithers (CEO)

People named in this filing

  • Jim Muser (Treasurer)
  • Amy Levasseur (President)
  • John Goodhue (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Teaching children swimming

What it reported doing in 2020

Successfully trained swimmers to become proficient with their strokes and take their swimmming to the next level.

Operating model

Revenue model
Membership-supported. 99% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 82
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.7%; rating input score 91
  • Program expense ratio: 97.8%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 7.2%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 0.72; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 15.9%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 26.4% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 90.7% of revenue deployed · 97.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $147K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2016 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 41/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.