Northern Virginia Nereids Synchronized Swim Team
Nonprofit profile at a glance
- EIN
- 541606794
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Springfield, VA, USA
- Phone
- 2027254403
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $173,330
- Expenses
- $161,567
- Assets
- $153,718
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Austen Townsen (President)
- Kate Anderson (Vice President)
People named in this filing
- Austen Townsen (President)
- Elena Radkova (Head Coach)
- Kate Anderson (Vice 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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Educate and train approximately 40-50 swimmers in the sport of synchronized swimming. Competitive teams participate in various meets, including Junior Olympics and National. Provide for certifications for coaches. Advocate and advertise synchronized swimming. Interact and indirectly support hundreds of other swimmers and interested persons through sponsorship of and participation in competitive meets and demonstrations.
What it reported doing in 2024
Coached approximately 40 swimmers and developed their skills
Operating model
- Revenue model
- Membership-supported. 93% of the money available for current operations came from membership dues.
- 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.3%; rating input score 93
- 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: 6.8%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 16.5%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 12.3% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 17.8% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 93.3% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $162K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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: Operating margin scored 52/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 18/100.