Rappahannock Area Ymca Swim Team Inc
Nonprofit profile at a glance
- EIN
- 541206644
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Stafford, VA, USA
- Phone
- 5402737051
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $1,395,291
- Expenses
- $1,458,511
- Assets
- $716,638
- Liabilities
- $109,243
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- ROBERT HERLINGER (EXECUTIVE DIRECTOR)
- JOE BERTOLDI (PRESIDENT)
- PAUL HOLLAND (VICE PRESIDENT)
Highest reported compensation
- ROBERT HERLINGER (EXECUTIVE DIRECTOR): $58,498 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A swim team associated with the fredericksburg area ymca that provides youth with the opportunity to learn to swim and compete. Many social skills are taught to provide a well-rounded foundation for the youth.
What it reported doing in 2024
Learn how to swim and compete along with social skills
Operating model
- Revenue model
- Membership-supported. 67% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 84
- Accountability: 74
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.9%; rating input score 97
- Program expense ratio: 92.7%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th 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; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4.5%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 4%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 10.2% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 9% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 13.8% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 96.9% of revenue deployed · 92.7% of spending went to programs
- Governance: 7 of 7 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $58K · 7 people listed
- Consistency: 23 of 25 current checks pass · 2 findings to review
- Schedules: 4 filed schedules
- Filing history: 12 filing years from 2012 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 25/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.