Civic Intelligence

Hammerhead Swim Club

990EZ • Fiscal year 2015 • EIN 27-0030997

Aug 01, 2014 to Jul 31, 2015 • Filed on Dec 15, 2015

PO Box 271Harbor Springs, MI 49740

(231) 348-1010

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

16th percentile

-19%

Higher net margin than 16% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

15th percentile

-30%

Faster asset growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

32nd percentile

-12%

Faster revenue growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$30,707

Down $13,303 (-30%) from 2014

Net Assets

Down

$29,897

Down $12,233 (-29%) from 2014

Liabilities

Down

$810

Down $1,070 (-57%) from 2014

Revenue

Down

$65,583

Down $8,545 (-12%) from 2014

Expenses

Up

$77,816

Up $3,606 (+4.9%) from 2014

Net Income

Down

-$12,233

Down $12,151 (-14818%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2012: $44,350Liabilities 2012: $6,585Net Assets 2012: $37,7652012Assets 2013: $42,212Net Assets 2013: $42,2122013Assets 2014: $44,010Liabilities 2014: $1,880Net Assets 2014: $42,1302014Assets 2015: $30,707Liabilities 2015: $810Net Assets 2015: $29,8972015Assets 2016: $26,721Net Assets 2016: $26,7212016Assets 2017: $23,887Liabilities 2017: $160Net Assets 2017: $23,7272017Assets 2019: $39,862Net Assets 2019: $39,8622019Assets 2020: $30,628Net Assets 2020: $30,6282020Assets 2021: $12,430Net Assets 2021: $12,4302021Assets 2022: $4,063Net Assets 2022: $4,0632022Assets 2025: $17,859Net Assets 2025: $17,7982025

Highlighted filing

2015

Assets$30,707
Liabilities$810
Net Assets$29,897

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2012: $73,017Expenses 2012: $71,093Net Income 2012: $1,9242012Revenue 2013: $80,999Expenses 2013: $76,552Net Income 2013: $4,4472013Revenue 2014: $74,128Expenses 2014: $74,210Net Income 2014: -$822014Revenue 2015: $65,583Expenses 2015: $77,816Net Income 2015: -$12,2332015Revenue 2016: $55,384Expenses 2016: $58,560Net Income 2016: -$3,1762016Revenue 2017: $61,928Expenses 2017: $64,922Net Income 2017: -$2,9942017Revenue 2019: $62,990Expenses 2019: $52,947Net Income 2019: $10,0432019Revenue 2020: $59,371Expenses 2020: $68,605Net Income 2020: -$9,2342020Revenue 2021: $21,059Expenses 2021: $39,257Net Income 2021: -$18,1982021Revenue 2022: $53,498Expenses 2022: $61,865Net Income 2022: -$8,3672022Revenue 2025: $68,304Expenses 2025: $70,079Net Income 2025: -$1,7752025

Highlighted filing

2015

Revenue$65,583
Expenses$77,816
Net Income-$12,233
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Dec 15, 2015
Return Version
2014v5.0
Gross Receipts
$70,821
Mission and Program Overview

Mission

To encourage positive emotional, social, mental and physical development for area youth (under the age of 19) through coaching, competitive swimming and the promotion of good sportsmanship.

Program Services

DescriptionGrantsExpenses
PROVIDED COACHING AND TEAM SPONSORSHIP TO APPROX. 85 PARTICIPANTS DURING A FULL-SEASON OF COMPETITIVE SWIMMING.-$77,816
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CRAIG LIVELYPresident-$0--
AUDIE WHITMANTreasurer-$0--
LAURA CHAMBERLINSecretary-$0--
DIANE NOVAKDirector-$0--
HELENE GLASERDirector-$0--
DUANE SEAGMANDirector-$0--
KARL GRETZINGERDirector-$0--
MELANIE MEENGSDirector-$0--
KATHLEEN KELLYDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Events$8,190$8,190$1,568$6,622
Coastal Crawl$7,600$7,600$3,670$3,930
Total Events$15,790$15,790$5,238$10,552
Filing and Contact Details

Filer

Filer Name
Hammerhead Swim Club
EIN
27-0030997
Phone
2313481010
Address
PO BOX 271, HARBOR SPRINGS, MI 49740

Signing Officer

Name
Audrey Otto Whitman
Title
Treasurer
Phone
2313481010
Signed
2015-12-15
Discuss with paid preparer
Yes

Preparer

Firm
Joan M Green CPA
Address
PO BOX 4616, HARBOR SPRINGS, MI 49740
Preparer
Joan M Green
Phone
2313481010
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office supplies and expense 667 registration fees 6,090 team dues and fees 5,360 metals and ribbons 3,405 banquet & other supplies 2,781 team travel expenses 5,622 team unify expenses 1,689 other expenses 2,294 non-investment depreciation 2,154 total 30,062

Form 990-ez, Part II, Line 24

Accounts receivable 2,929 318 24,892 24,892 less accumulated depreciation 10,411 12,565 total 17,410 12,645

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,880 810

Form 990-ez, Part III

To encourage positive emotional, social, mental and physical development for area youth (under the age of 19) through coaching, competitive swimming and the promotion of good sportsmanship.

Raw XML Appendix183 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OperateHospitalInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES AND EXPENSE 667 REGISTRATION FEES 6,090 TEAM DUES AND FEES 5,360 METALS AND RIBBONS 3,405 BANQUET & OTHER SUPPLIES 2,781 TEAM TRAVEL EXPENSES 5,622 TEAM UNIFY EXPENSES 1,689 OTHER EXPENSES 2,294 NON-INVESTMENT DEPRECIATION 2,154 TOTAL 30,062
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 2,929 318 24,892 24,892 LESS ACCUMULATED DEPRECIATION 10,411 12,565 TOTAL 17,410 12,645
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,880 810
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO ENCOURAGE POSITIVE EMOTIONAL, SOCIAL, MENTAL AND PHYSICAL DEVELOPMENT FOR AREA YOUTH (UNDER THE AGE OF 19) THROUGH COACHING, COMPETITIVE SWIMMING AND THE PROMOTION OF GOOD SPORTSMANSHIP.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AUDREY OTTO WHITMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02313481010
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAMMERHEAD SWIM CLUB
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ReturnHeader/Filer/EIN0270030997
ReturnHeader/Filer/PhoneNum02313481010
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ReturnHeader/Filer/USAddress/ZIPCd049740
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARBOR SPRINGS
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ReturnHeader/PreparerPersonGrp/PhoneNum02313481010
ReturnHeader/PreparerPersonGrp/PreparationDt02015-12-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOAN M GREEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-12-15T15:27:06-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-08-01
ReturnHeader/TaxPeriodEndDt02015-07-31
ReturnHeader/TaxYr02014

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