Eden Prairie Foxjet Swim Team
Nonprofit profile at a glance
- EIN
- 411340180
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Eden Prairie, MN, USA
- Phone
- 6122514495
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,188,935
- Expenses
- $1,150,343
- Assets
- $289,664
- Liabilities
- $118,053
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- MICAH ROBERTS (PRESIDENT)
Highest reported compensation
- LLOYD LARSEN (HEAD COACH): $113,510 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 provide a fun, progressive, family-based team swimming experience for all swimmers, novice to national. Team foxjet promotes the sport of competitive swimming's core values of health lifestyle, self-discipline and goal setting.
What it reported doing in 2024
Competitive swim team - the organization sponsors a competitive swim team. During the year, there were 407 swimmers ranging from 6 to 20. The team participated in 38 meets and hosted 13 meets.
Operating model
- Revenue model
- Earned-program. 100% 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
SUPPORTED - 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: 70
- Transparency & Controls: 90
- Accountability: 77
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.1%; rating input score 78
- Program expense ratio: 81.1%; rating input score 81
- 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: 87.5%; rating input score 88; 21st percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.2%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 9.9%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 15.6% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 78.1% of revenue deployed · 81.1% of spending went to programs
- Governance: 7 of 8 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $932K in reported program spending
- Leadership: top reported pay $114K · 9 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.