Wichita Falls Elite Swim Team

Nonprofit profile at a glance

EIN: 203523283
IRS 990-EZ coverage: 2019–2024
Forms available: Form 990-EZ 2024, Form 990-N 2012
Location: Wichita Falls, TX, USA
Phone: 2143177639
Rating: 76
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Adult, Child Matching Programs

Reported finances

Revenue: $103,658
Expenses: $81,525
Assets: $61,661
Liabilities: $526

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

Leadership & pay

7 people listed

Executive titles in this filing

Kathryn Piegat (President and Acting Treasurer)

People named in this filing

Kathryn Piegat (President and Acting Treasurer)
Samantha Marston (Secretary)
Meredith Utley (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The object and purpose of the organization is to teach swimming skills to children. In addition to teaching children, the organization also encourages physical fitness through swim club competitions in water sports.

What it reported doing in 2024

Swim practices were offered 5 days/week to an average of 75-85 swimmers. And swimmers participated in 12 competitive USA swim meets with an average attendance of 10 swimmers/meet.

Operating model

Revenue model: Membership-supported. 83% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 73
Transparency & Controls: 82
Sustainability: 62
Growth: 80

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 66.2%; rating input score 66
Program expense ratio: 84.1%; rating input score 84

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 21.4%; rating input score 75; 75th percentile among comparable filings
Total-asset coverage ratio: 0.76; rating input score 50; 50th 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 63; 63rd percentile among comparable filings

Growth

Program expense growth: 1.4% per year; rating input score 100; 34th percentile among comparable filings
Revenue growth: 6.7% per year; rating input score 100; 55th percentile among comparable filings
Asset growth: -7.3% per year; rating input score 0; 13th percentile among comparable filings

Details

Where the money goes: 66.2% of revenue deployed · 84.1% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $69K in reported program spending
Leadership: top reported pay $0 · 7 people listed
Consistency: 8 of 8 current checks pass
Schedules: 2 filed schedules
Filing history: 6 filing years from 2019 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 — Growth: Asset growth scored 0/100.
Review — Sustainability: Total-asset coverage ratio scored 50/100.
Moderate — Sustainability: Liabilities to assets ratio scored 43/100.