Every Kid Swims Inc
Nonprofit profile at a glance
- EIN
- 833665808
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- Daytona Beach, FL, USA
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Standard
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $532,191
- Expenses
- $402,050
- Assets
- $205,960
- Liabilities
- $66,381
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Wesley Stewart (Vice President)
- DeBora Stewart (President)
People named in this filing
- Wesley Stewart (Vice President)
- DeBora Stewart (President)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Leveraging the therapeutic values of water based activities as a catalyst to empower foster and at risk youth to develop health mental health habits.
What it reported doing in 2024
Our 3 main programs are swim lessons, mentoring and water based activities to develop stronger mental health habits.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 86% 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 100
- Accountability: 12
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.9%; rating input score 41
- Program expense ratio: 53.8%; rating input score 54
- Fundraising efficiency: $9.66 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
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: 0%; rating input score 0; 5th 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: 24.5%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 0.51; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 18.6% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 22.7% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 29.2% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 40.9% of revenue deployed · 53.8% of spending went to programs
- Governance: 0 of 2 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $216K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 41/100.
- High — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.