Sylvania Tsunami Swim Club Inc
Nonprofit profile at a glance
- EIN
- 341348249
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Sylvania, OH, USA
- Phone
- 4193509224
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Recreational l Clubs
Reported finances
- Revenue
- $192,538
- Expenses
- $176,118
- Assets
- $159,105
- Liabilities
- $13,984
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- KATIE PIERCE (BOARD PRESIDENT)
People named in this filing
- TANYA SHURTS (VP MEMBERSHIP)
- KATIE PIERCE (BOARD PRESIDENT)
- KAREN HUTCHINSON (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
The sylvania tsunami swim club is a year-round competitive swim team supported by parent volunteers with a commitment to advance the sport of swimming. Our club provides swimmers the highest level of coaching while creating and maintaining an enjoyable yet productive swimming environment. We recognize each individual and value his or her role in the success of our organization and strive to provide all swimmers the opportunity to grow and succeed to their highest level.
What it reported doing in 2024
Provide instruction and coaching to various aged swimmers who then compete at swim meets as representatives fo the sylvania tsunami swim team.
Operating model
- Revenue model
- Membership-supported. 71% of the money available for current operations came from membership dues.
- 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: 94
- Transparency & Controls: 82
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.5%; rating input score 91
- 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: 8.5%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 24%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 91.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $176K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2009 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 55/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.