Swim New Orleans Co Nicole a Eichberger
Nonprofit profile at a glance
- EIN
- 421557602
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- New Orleans, LA, USA
- Phone
- 5048583336
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $357,385
- Expenses
- $446,293
- Assets
- $113,939
- Liabilities
- $1,564
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- NICI EICHBERGER (President & CEO)
People named in this filing
- ANDREA ROYSTER (Director)
- NICI EICHBERGER (President & CEO)
- NICOLE BEEBE (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The nu wave swim club develops life skills through a goal-oriented, competitive curriculum.
What it reported doing in 2024
Swim new orleans (dba nu wave swim club) is a member of united states swimming andlouisiana swimming, and through this means teaches the principles of swimming andsportsmanship to children. The primary service activity is the year round swim team, which teaches competitive swimming to children ages 5 through 19. There areapproximately 140 members of the team, and the training sessions offered vary basedon the athlete's age and ability. The youngest athletes have 4 hour sessions per week. As the progress through the program, the number of training sessions per week increases so that eventually they will have the opportunity to train 6 days per week, comprised of 8 sessions of approximately 2 to 3 hours per session. The activity's objective is to develop the physical and mental capabilitiesof our athletes. We instill in our athletes an understanding of and appreciation for the concepts of high self-esteem, personal accountability, self-discipline, goalsetting, and goal achievement.our secondary services are providing swim lesson instruction to swimmers of all ages and offering masters swim training to individuals 18 years and older. Swim new orleans is also a member of united states master swimming.
Operating model
- Revenue model
- Other-operating. 88% of the money available for current operations came from other operating 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 75
- Accountability: 70
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.6%; rating input score 98
- Fundraising efficiency: $123.41 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 2nd 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: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -24.9%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 2.2% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 97.6% of spending went to programs
- Governance: 7 of 4 board members independent · 2 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $435K in reported program spending
- Leadership: top reported pay $0 · 4 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
- 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 — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 12/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.