Charlotte Swimming Club Inc
Nonprofit profile at a glance
- EIN
- 560596555
- IRS 990 coverage
- 2011–2022
- Forms available
- Form 990 2022
- Location
- Charlotte, NC, USA
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Recreational l Clubs
Reported finances
- Revenue
- $515,227
- Expenses
- $553,174
- Assets
- $2,607,438
- Liabilities
- $916,865
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- MATT WEST (PRESIDENT)
People named in this filing
- MATT WEST (PRESIDENT)
- CHARLES LISTON (VICE PRESIDE)
- WARREN HUNEYCUTT (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provides a swimming pool for the enjoyment of the membership. Also provides the opportunity for children of the membership to participate on a swim team.
Operating model
- Revenue model
- Membership-supported. 90% 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.6%; rating input score 43
- Program expense ratio: 39.7%; rating input score 40
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -7.4%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 4.71; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 11.6% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 42.6% of revenue deployed · 39.7% of spending went to programs
- Governance: 17 of 17 board members independent · 2 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $219K in reported program spending
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2011 to 2022
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.