Cincinnati Aquatic Club
Nonprofit profile at a glance
- EIN
- 311103474
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- Cincinnati, OH, USA
- Phone
- 5132017590
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $706,053
- Expenses
- $622,001
- Assets
- $344,492
- Liabilities
- $3,679
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Jessi Carpenter-Thomas (CEO / Head Coach)
- Carrie Reeuwijk (President)
- Jennifer Shea (Vice President)
Highest reported compensation
- Jessi Carpenter-Thomas (CEO / Head Coach): $67,708 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To offer children and young adults a top quality program that develops, trains and competes as competitive swimmers year-round in a supportive and motivating enviroment that respects, challenges and nurtures them as athletes, students, and individuals.
What it reported doing in 2024
Cincinnati Aquatic Club offers children and young adults a top quality program that develops, trains and competes as competitive swimmers year-round in a supportive and motivating enviroment that respects, challenges and nurtures them as athletes, students, and individuals.
Operating model
- Revenue model
- Earned-program. 93% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 90
- Accountability: 79
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.4%; rating input score 83
- Program expense ratio: 94.9%; rating input score 95
- 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: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- 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: 11.9%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 10.9%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 11% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 83.4% of revenue deployed · 94.9% of spending went to programs
- Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $590K in reported program spending
- Leadership: top reported pay $68K · 10 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.