Salem Swim Club

Nonprofit profile at a glance

EIN
851479938
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025
Location
Salem, OR, USA
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Swimming & Other Water Recreation

Reported finances

Revenue
$182,134
Expenses
$194,964
Assets
$31,510
Liabilities
$771

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • CHIP ADDABBO (PRESIDENT)

People named in this filing

  • CHIP ADDABBO (PRESIDENT)
  • CATHY PATTY (SECRETARY)
  • EDITH HICKS (MEMBERSHIP COORDINATOR)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enage the community in swim which is an incredible sport that teaches life-saving skills and instills values that build character in the prior year we have participated in 18 swim meets with swimmers of varying ages. We have developed confident strong swimmers through weekly swim lessons private lessons summer and spring clinics and swim competitions.

What it reported doing in 2025

We provide recreational & competitive swim opportunities to our members in Salem OR.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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: 100
  • Transparency & Controls: 100
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • 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: Yes; rating input score 100

Sustainability

  • Operating margin: -7%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.16; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 13.2%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 12.5% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 11.7% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 24.3% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $195K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • 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.

  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.