Suncoast WaterWorks

Nonprofit profile at a glance

EIN
593298360
IRS 990-EZ coverage
2012–2024
Forms available
Form 990-EZ 2024
Location
Largo, FL, USA
Phone
7272123770
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Swimming & Other Water Recreation

Official website

Reported finances

Revenue
$52,425
Expenses
$67,152
Assets
$25,178
Liabilities
$7,651

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Kari McNelis (President)
  • Melissa Hanna (Vice President)

People named in this filing

  • Kari McNelis (President)
  • Melissa Hanna (Vice President)
  • Pactrick McNulty (Secretary)

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

Suncoast Waterworks has a devoted and knowledgeable team of experienced coaches. We have FUN and work hard to be one of the best artistic swim teams in the nation.

What it reported doing in 2024

Consistently provided excellent coaching for the following artistic swim teams: AWD (2 swimmers) Novice (6 swimmers) Intermediate (10 swimmers) Advanced team 12U (8 swimmers) Advanced team 13/15 (4 swimmers) Advanced team 16/19 (6 swimmers) Coached each team through multiple competitions throughout the swim season. Novice and Intermediate participated in statewide competitions while the advanced teams participated in both statewide, and national competitions. Teams consistently placed high enough to ribbon and/or medal in a majority of the competitions.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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: 82
  • Sustainability: 24
  • 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: Limited

Sustainability

  • Operating margin: -28.1%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.37; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 51st 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 · $67K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2012 to 2024
  • 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.

  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.