Irvine Youth Water Polo Corporation

What it reported doing in 2025

Water polo tournament competitions for youth ages 8 to 18. We organize, orchestrate, and operate the highest level of youth water polo competition events. These competitions provide a necessary experience over and above training and instruction, for our own members as well as other local, regional, and national youth athletes. We have consistently run these events year after year. In addition to our own long running legacy events, we also host major competitions for USA Water Polo, the national governing body for the sport, as well as offering event support to other groups to elevate the level of their events. Needless to say, the Covid pandemic has hit us hard, as one can see from the negative return for 2020, and if not for Federal and local grants, and Federal EIDL loan we would have needed to shut our doors. In 2021 we were able to begin hosting events in July in order to resume this aspect of our Mission and Program Service Accomplishments. In 2022 we were back to pre-Covid levels but with increased costs of operations forcing increased entry fees increasing our gross as well as expenses. In 2023 we continued to experience increasing costs for operation of events but without increasing entry fees. In 2024 it became necessary to increase entry fees to accommodate the increased facility and staffing costs. For 2025, USAWP has changed the proforma for NJO's, so we do not have a separate NJO income and expense section. All tournament involved aspects for this portion of our mission statement is included in this section. We have developed a new events system to handle any event, soup to nuts, with entries, scheduling, publishing of results in multiple formats, and the ability to handle more efficiently new Safe Sport protocols for these vents. (See Kahunaevents.com)

Financial Efficiency

• Mission deployment rate: 99.1%; rating input score 99
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 7th 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; 64th percentile among comparable filings
• Governance controls: 2 of 8 controls in place; rating input score 25
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Fail
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 0.9%; rating input score 33; 33rd percentile among comparable filings
• Total-asset coverage ratio: 0.03; rating input score 2; 2nd percentile among comparable filings
• Liabilities to assets ratio: 2.03; rating input score 1; 1st percentile among comparable filings
• Officer compensation ratio: 4.4%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: 15.3% per year; rating input score 100; 71st percentile among comparable filings
• Revenue growth: 15.6% per year; rating input score 100; 76th percentile among comparable filings
• Asset growth: -11.5% per year; rating input score 0; 3rd percentile among comparable filings