Civic Intelligence

Westwood Swimming Assn Inc

EIN 13-1845041 • 501(c)7 • Thornwood, NY

Profile

The organization's mission is to provide an affordable summer swim and tennis club for the member owners and their families.

PO Box 100Thornwood, NY 10594

www.westwoodswim.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE N • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE N • $500k-$1M nonprofits • Source year 2024

Net Margin

50th percentile

6.4%

Higher net margin than 50% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE N • $500k-$1M nonprofits • Source year 2024

Asset Growth

48th percentile

5.5%

Faster asset growth than 48% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

0.8%

Faster revenue growth than 33% of similar nonprofits.

NTEE N • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$602,527

Up $31,503 (+5.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$602,527

Up $31,503 (+5.5%) from 2023

Revenue

Up

$495,911

Up $4,058 (+0.8%) from 2023

Expenses

Down

$464,408

Down $27,420 (-5.6%) from 2023

Net Income

Up

$31,503

Up $31,478 (+125912%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2011: $494,105Liabilities 2011: -$375Net Assets 2011: $494,4802011Assets 2012: $501,179Liabilities 2012: -$379Net Assets 2012: $501,5582012Assets 2013: $511,136Liabilities 2013: -$567Net Assets 2013: $511,7032013Assets 2014: $558,221Liabilities 2014: $6,739Net Assets 2014: $551,4822014Assets 2015: $546,156Liabilities 2015: -$254Net Assets 2015: $546,4102015Assets 2016: $569,743Liabilities 2016: $6,264Net Assets 2016: $563,4792016Assets 2017: $622,513Liabilities 2017: $97Net Assets 2017: $622,4172017Assets 2018: $590,923Liabilities 2018: -$375Net Assets 2018: $591,2982018Assets 2019: $576,574Liabilities 2019: -$375Net Assets 2019: $576,9492019Assets 2020: $601,049Liabilities 2020: -$375Net Assets 2020: $601,4242020Assets 2021: $562,551Liabilities 2021: -$375Net Assets 2021: $562,9262021Assets 2022: $570,999Liabilities 2022: $0Net Assets 2022: $570,9992022Assets 2023: $571,024Liabilities 2023: $0Net Assets 2023: $571,0242023Assets 2024: $602,527Liabilities 2024: $0Net Assets 2024: $602,5272024

Highlighted filing

2024

Assets$602,527
Liabilities$0
Net Assets$602,527

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $419,220Expenses 2011: $380,023Net Income 2011: $39,1972011Revenue 2012: $412,733Expenses 2012: $411,279Net Income 2012: $1,4542012Revenue 2013: $481,828Expenses 2013: $476,932Net Income 2013: $4,8962013Revenue 2014: $433,217Expenses 2014: $381,835Net Income 2014: $51,3822014Revenue 2015: $387,284Expenses 2015: $404,913Net Income 2015: -$17,6292015Revenue 2016: $351,254Expenses 2016: $323,258Net Income 2016: $27,9962016Revenue 2017: $369,315Expenses 2017: $337,000Net Income 2017: $32,3152017Revenue 2018: $402,400Expenses 2018: $437,269Net Income 2018: -$34,8692018Revenue 2019: $408,913Expenses 2019: $424,462Net Income 2019: -$15,5492019Revenue 2020: $286,262Expenses 2020: $277,516Net Income 2020: $8,7462020Revenue 2021: $471,819Expenses 2021: $510,317Net Income 2021: -$38,4982021Revenue 2022: $471,238Expenses 2022: $463,165Net Income 2022: $8,0732022Revenue 2023: $491,853Expenses 2023: $491,828Net Income 2023: $252023Revenue 2024: $495,911Expenses 2024: $464,408Net Income 2024: $31,5032024

Highlighted filing

2024

Revenue$495,911
Expenses$464,408
Net Income$31,503

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.03$0.00$6.03$4.96$4.64$0.32
2023Detailed filing. Detailed filing data is available for this year.$5.71$0.00$5.71$4.92$4.92$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.71$0.00$5.71$4.71$4.63$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.63$0.00$5.63$4.72$5.10$0.38
2020Detailed filing. Detailed filing data is available for this year.$6.01$0.00$6.01$2.86$2.78$0.09
2019Summary only. Only limited summary data is available for this year.$5.77$0.00$5.77$4.09$4.24$0.16
2018Summary only. Only limited summary data is available for this year.$5.91$0.00$5.91$4.02$4.37$0.35
2017Summary only. Only limited summary data is available for this year.$6.23$0.00$6.22$3.69$3.37$0.32
2016Summary only. Only limited summary data is available for this year.$5.70$0.06$5.63$3.51$3.23$0.28
2015Summary only. Only limited summary data is available for this year.$5.46$0.00$5.46$3.87$4.05$0.18
2014Summary only. Only limited summary data is available for this year.$5.58$0.07$5.51$4.33$3.82$0.51
2013Summary only. Only limited summary data is available for this year.$5.11$0.01$5.12$4.82$4.77$0.05
2012Summary only. Only limited summary data is available for this year.$5.01$0.00$5.02$4.13$4.11$0.01
2011Summary only. Only limited summary data is available for this year.$4.94$0.00$4.94$4.19$3.80$0.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 13, 2025
Return Version
2024v5.0
Gross Receipts
$495,911
Mission and Program Overview

Mission

The organization's mission is to provide an economical summer swim and tennis club for the member owners and their families.

The organization is a not-for-profit corporation that is member owned. The organization is a seasonal summer swim and tennis club. Operations for the benefit of the membership include a swim and dive team and swimming and tennis lessons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$417,538$404,163▼ $13,375
Rtn Earn Endowment Incm Other Fnds$428,201$404,163▼ $24,038
Cash and Non-Interest-Bearing Accounts$142,823$198,364▲ $55,541
Cap Stk Tr Prin Current Funds$142,823$198,364▲ $55,541
Intangible Assets$10,663--
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$571,024$602,527▲ $31,503
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$571,024$602,527▲ $31,503
Total Liabilities and Net Assets / Fund Balance$571,024$602,527▲ $31,503

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$404,163-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert PeeplesGrounds Chair
Diane VassoMembership Co-Chair
Pasquale PalumboOperations Chair
Linda PalumboPresident
Steve VettorinoVice President
Allan GosdinMember
Charles KellerMember
Thomas BriggsMember
Laurene SpiteriSecretary
John CollinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$373,243
Program Service Revenue
$0
Investment Income
$9
Other Revenue
$122,659
All Other Contributions
$0
Change in Net Assets
$31,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$271,586
Salaries, Compensation, and Employee Benefits$192,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$175,963
Insurance---$35,824
All Other Expenses---$18,178
Payroll Taxes---$16,859
Other Expenses---$9,879
Information Technology---$5,634
Fees for Services Accounting---$2,029
Office Expenses---$353
Total Functional Expenses$0$0$0$464,408
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Form 990, Part VI, Section A, Line 2 - Linda Palumbo is the sister-in-law of another trustee -- Pasquale Palumbo.

Form 990, Part VI, Section A, Line 6

Form 990, Part VI, Section A, Line 6 - The organization has approximately 320 member families. Each purchased a bond valued between $184.54 and $375.

Form 990, Part VI, Section A, Line 7A

Form 990, Part VI, Section A, Line 7a - The members elect volunteer trustees at an annual meeting. Each year, four trustee positions are up for election. The term of each trustee is three years.

Form 990, Part VI, Section A, Line 7B

Form 990, Part VI, Section A, Line 7b - Each year at the annual meeting, the members approve the amount of the annual dues, the budget and all other major proposals.

Form 990, Part VI, Section B, Line 11B

Form 990, Part VI, Section B, Line 11b - The Board of Trustees meets on a monthly basis to review and update its revenues and expenditures. The Board reviews all related party transactions and votes on all such transactions.

Form 990, Part VI, Section C, Line 19

Form 990, Part VI, Section C, Line 19 - At the annual meeting, (1) the budget for the current year and year prior; and (2) the profit and loss statement for the prior year -- are distributed to the membership. They are also available upon request. The by-laws are publicly available on our website.

Filing and Contact Details

Filer

Filer Name
Westwood Swimming Assn Inc
EIN
13-1845041
Phone
9147694577
Address
PO BOX 100, Thornwood, NY 10594

Signing Officer

Name
John Collins
Title
Treasurer
Phone
9172820168
Signed
2025-10-13

Organization Details

Principal Officer
Dr Linda Palumbo
Formed
1957
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
47
Volunteers
9
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IRS990/MissionDesc0The organization's mission is to provide an affordable summer swim and tennis club for the member owners and their families.
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IRS990/OtherRevenueMiscGrp/Desc0Guest Fees
IRS990/OtherRevenueMiscGrp/Desc1Swim Team and Lessons
IRS990/OtherRevenueMiscGrp/Desc2Pool Rental
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IRS990/PrincipalOfficerNm0Dr Linda Palumbo
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IRS990/ProgSrvcAccomActy2Grp/Desc0The organization operated its Swim and Dive team the pool for the 2024 season.
IRS990/ProgSrvcAccomActy3Grp/Desc0The organization provided tennis activities for its membership.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Section A, Line 2 - Linda Palumbo is the sister-in-law of another trustee -- Pasquale Palumbo.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Section A, Line 6 - The organization has approximately 320 member families. Each purchased a bond valued between $184.54 and $375.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, Part VI, Section A, Line 7a - The members elect volunteer trustees at an annual meeting. Each year, four trustee positions are up for election. The term of each trustee is three years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990, Part VI, Section A, Line 7b - Each year at the annual meeting, the members approve the amount of the annual dues, the budget and all other major proposals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990, Part VI, Section B, Line 11b - The Board of Trustees meets on a monthly basis to review and update its revenues and expenditures. The Board reviews all related party transactions and votes on all such transactions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990, Part VI, Section C, Line 19 - At the annual meeting, (1) the budget for the current year and year prior; and (2) the profit and loss statement for the prior year -- are distributed to the membership. They are also available upon request. The by-laws are publicly available on our website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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