Glen Forest Swim Club
Nonprofit profile at a glance
- EIN
- 560889046
- IRS 990-EZ coverage
- 2018–2025
- Forms available
- Form 990-EZ 2025
- Location
- Raleigh, NC, USA
- Phone
- 9198517886
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $193,171
- Expenses
- $165,510
- Assets
- $465,610
- Liabilities
- $232,192
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Alex Panek (President)
People named in this filing
- Alex Panek (President)
- Lauren Liston (Secretary)
- Tim Martin (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-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the club is to provide recreational and fellowship opportunities for families in the area.
What it reported doing in 2025
Pool facilities were available to members in the summer months. There were ~200 members (individuals and families.) A sand volleyball court was maintained on the property. Pick-up games were typically organized twice per week. Tennis and basketball courts were also available to members.
Operating model
- Revenue model
- Membership-supported. 81% of the money available for current operations came from membership dues.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. 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: 0
- Transparency & Controls: 82
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 14.3%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 2.81; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 8 filing years from 2018 to 2025
- 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.
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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.