Carroll Aquatics Incorporated
Nonprofit profile at a glance
- EIN
- 205171538
- IRS 990-EZ coverage
- 2010–2011
- Forms available
- Form 990-EZ 2011
- Location
- Westminster, MD, USA
- Phone
- 4108489806
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $122,512
- Expenses
- $142,483
- Assets
- $2,775
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
5 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Youth swim program - provide youth and their families an opportunity to learn to swim; gain water skills for safety, wellness, and enjoyment; train and compete on swim teams.
What it reported doing in 2011
Youth swimming education, training, competition. 65 swimmers in year-round program. 75 swimmers in summer program. 150 swimmers in lessons. 30 swimmers in special olympics.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- 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: 98
- Transparency & Controls: 82
- Sustainability: 6
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.2%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -16.3%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: 114.4% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 45.8% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: -152.7% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $137K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2010 to 2011
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 10/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.