Golden Comets Swim Club Inc

Nonprofit profile at a glance

EIN
454644485
IRS 990-EZ coverage
2014–2019
Forms available
Form 990-EZ 2019, Form 990-N 2016
Location
Henrietta, NY, USA
Phone
5857559478
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Swimming & Other Water Recreation

Reported finances

Revenue
$42,941
Expenses
$70,609
Assets
$11,183
Liabilities
$24,667

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • WENDY MCLAUGHLIN (PRESIDENT)
  • KIM BLACK (VICE PRESIDENT)

People named in this filing

  • WENDY MCLAUGHLIN (PRESIDENT)
  • KIM BLACK (VICE PRESIDENT)
  • LAURIE SCAGLIONE (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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Organizations primary purposes are to facilitate all of the necessary tasks to manage & coordinate USA sanctioned swim meets, arrange & negotiate swimming pool space for practice & meets, planning fund raising events, & manage operations for golden comets swimming inc dba rochester surge swimming

What it reported doing in 2019

Swim meets were properly organized & held under the guidelines of USA swimming.swimmers from various swim clubs competed in multiple events. Volunteersfrom organization are educated & certified to properly run swim meets.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 16
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -64.4%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.16; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 2.21; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 13.5% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: -4.7% per year; rating input score 0; 39th percentile among comparable filings
  • Asset growth: -16.5% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $71K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2014 to 2019
  • 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 — Sustainability: Operating margin scored 11/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.