Ultimate Swimming Inc C/o Harrison & Held Llp

Nonprofit profile at a glance

EIN
262244663
IRS 990-EZ coverage
2017–2020
Forms available
Form 990-EZ 2020
Location
Chicago, IL, USA
Phone
7087841541
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Swimming & Other Water Recreation

Official website

Reported finances

Revenue
$33,707
Expenses
$42,866
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • CONOR J OZOG (PRESIDENT AND DIRECTOR)

People named in this filing

  • CONOR J OZOG (PRESIDENT AND DIRECTOR)
  • MARY ANN KAUFMAN (SECRETARY)
  • JANE TSATSIS (TREASURER)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ultimate swimming, inc. Is a year round, competitive educational swim program for chicago area swimmers of all ages and abilities. Ultimate swimming, inc. Fosters the participation of amateur athletes in national/international competition through participation as a member of USA swimming and supports its members in preparing for, and competing in, amateur swimming events hosted by ultimate swimming, inc. And others. Ultimate swimming, inc. Promotes discipline, responsibility, respect, and integrity among its members and encourages them to realize their full potential as an athlete.

What it reported doing in 2020

Teaches approximately 80 children ages 5 to 17 sportsmanship, to promote physical health and to develop, govern, and promote the sport of swimming.

Operating model

Revenue model
Membership-supported. 100% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 19
  • Growth: 0

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; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -27.2%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -55.4% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -28.6% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -50.5% per year; rating input score 0; 3rd 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 · $43K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2017 to 2020
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.