Wright County Wave Swim Club
Nonprofit profile at a glance
- EIN
- 411918479
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- Buffalo, MN, USA
- Phone
- 7632689348
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Amateur Sports
Reported finances
- Revenue
- $156,672
- Expenses
- $135,090
- Assets
- $86,398
- Liabilities
- $2,109
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Nate Hiestand (President)
- Emily Martinson (Vice President)
People named in this filing
- Nate Hiestand (President)
- Emily Martinson (Vice President)
- Jackie Kotilinek (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wirght county wave is a swim club providing training for competitive swimmers according to the governing body requirements provided by USA swimming.
What it reported doing in 2024
Swimmers pay monthly dues based on their practice group which ranges from novice-senior, pleas a master's group.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 82
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.2%; rating input score 86
- 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: 13.8%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 0.64; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 36.1%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 72.3% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 7.4% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 22.7% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 86.2% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $135K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.