Rapid City Racers Swim Club Inc
Nonprofit profile at a glance
- EIN
- 460420810
- IRS 990-EZ coverage
- 2009–2021
- Forms available
- Form 990-EZ 2021
- Location
- Rapid City, SD, USA
- Phone
- 6057169461
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $104,110
- Expenses
- $103,174
- Assets
- $27,707
- Liabilities
- $310
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- ROBERT JOHNSON (PRESIDENT)
People named in this filing
- ROBERT JOHNSON (PRESIDENT)
- MIKE SCHYVER (VICE PRESIDE)
- AMBER ANKER (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 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization provides training and competitive opportunities for swimmers of all abilities to reach their individual and team goals.
What it reported doing in 2021
The organization provides a competitive USA swimming program for children and organizes annual swim meets to challenge youth involved in the sport. 55 swimmers participate in this program.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 100
- Sustainability: 32
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.4%; rating input score 97
- Program expense ratio: 98.3%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 0.9%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.27; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: -2% per year; rating input score 0; 31st percentile among comparable filings
- Revenue growth: -2.2% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: -9.2% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 97.4% of revenue deployed · 98.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $101K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 12 filing years from 2009 to 2021
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.