Minnesota Synchronettes
Nonprofit profile at a glance
- EIN
- 030566192
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Wayzata, MN, USA
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $163,964
- Expenses
- $136,686
- Assets
- $127,126
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- Kris Ebert (Chair)
- Carla Steffen (Adminstrator)
- Laura Johnson (Club Rep Assistant Administrator)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Public Charity - Youth Organization
What it reported doing in 2024
Provision of Synchronized Swimming Instruction to Youth in West Metro area of Minneapolis. Providing lessons summer clinics and participation in local regional and national competitions
Operating model
- Revenue model
- Membership-supported. 83% of the money available for current operations came from membership dues.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for member benefits.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 82
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.5%; rating input score 84
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 16.6%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 8.1%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 7.2% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 83.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $137K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 22/100.