Civic Intelligence

Race Swami

990 • Fiscal year 2023 • EIN 27-4648408

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 25, 2024

Organization ProfileWWW.RACESWAMI.ORG
2751 S 2700 ESalt Lake City, UT 84109-2013

(801) 205-4881

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.18x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

33rd percentile

-5.2%

Higher net margin than 33% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$54,167

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 30.4% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

22nd percentile

-21%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

-3.8%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$38,542

Down $10,495 (-21%) from 2022

Net Assets

Down

$31,708

Down $9,200 (-22%) from 2022

Liabilities

Down

$6,834

Down $1,295 (-16%) from 2022

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin33rd percentile

Revenue

Down

$178,399

Down $6,978 (-3.8%) from 2022

Expenses

Down

$187,599

Down $35,126 (-16%) from 2022

Net Income

Up

-$9,200

Up $28,148 (+75%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$150K$100K$50K$0Assets 2014: $63,469Liabilities 2014: $3,827Net Assets 2014: $59,6422014Assets 2015: $75,367Liabilities 2015: $2,858Net Assets 2015: $72,5092015Assets 2016: $91,399Liabilities 2016: $3,783Net Assets 2016: $87,6162016Assets 2018: $97,818Liabilities 2018: $19,011Net Assets 2018: $78,8072018Assets 2019: $84,894Liabilities 2019: $1,699Net Assets 2019: $83,1952019Assets 2020: $123,937Liabilities 2020: $21,221Net Assets 2020: $102,7162020Assets 2021: $87,503Liabilities 2021: $9,247Net Assets 2021: $78,2562021Assets 2022: $49,037Liabilities 2022: $8,129Net Assets 2022: $40,9082022Assets 2023: $38,542Liabilities 2023: $6,834Net Assets 2023: $31,7082023Assets 2024: $114,357Liabilities 2024: $4,761Net Assets 2024: $109,5962024

Highlighted filing

2023

Assets$38,542
Liabilities$6,834
Net Assets$31,708
Open 2023 Filing

Operations Trend

Revenue Growth40th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $165,378Expenses 2014: $133,616Net Income 2014: $31,7622014Revenue 2015: $154,265Expenses 2015: $141,398Net Income 2015: $12,8672015Revenue 2016: $203,837Expenses 2016: $188,730Net Income 2016: $15,1072016Revenue 2018: $216,173Expenses 2018: $236,534Net Income 2018: -$20,3612018Revenue 2019: $249,338Expenses 2019: $244,950Net Income 2019: $4,3882019Revenue 2020: $215,800Expenses 2020: $196,279Net Income 2020: $19,5212020Revenue 2021: $203,698Expenses 2021: $223,467Net Income 2021: -$19,7692021Revenue 2022: $185,377Expenses 2022: $222,725Net Income 2022: -$37,3482022Revenue 2023: $178,399Expenses 2023: $187,599Net Income 2023: -$9,2002023Revenue 2024: $254,466Expenses 2024: $176,578Net Income 2024: $77,8882024

Highlighted filing

2023

Revenue$178,399
Expenses$187,599
Net Income-$9,200
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 25, 2024
Return Version
2023v5.0
Gross Receipts
$178,399
Mission and Program Overview

Mission

Race swami exists to empower youth to be champions in and out of the water for a lifetime. We provide opportunities in swimming for underserved youth from the west side of salt lake city. Out goal is to develop our participants physical and mental health in a fun and unique environment, deeply rooted in seflt-discipline, teamwork, and whole-body awaremenss. At the same, we value and welcome the rich cultural knowledge and experiences of the youth and communities we serve. Race swami is a 501 (c) (3) non profit club service the rose park, glendale and neighboring communities of salt lake city's west side.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$36,670$31,774▼ $4,896
Accounts Receivable$4,396$4,311▼ $85
Cash and Non-Interest-Bearing Accounts$7,971$2,457▼ $5,514
Total Assets$49,037$38,542▼ $10,495
Liabilities
Accounts Payable and Accrued Expenses$8,129$6,834▼ $1,295
Total Liabilities$8,129$6,834▼ $1,295
Net Assets / Fund Balance
Net Assets With Donor Restrictions$23,205$28,151▲ $4,946
Net Assets Without Donor Restrictions$17,703$3,557▼ $14,146
Total Net Assets Fund Balance$40,908$31,708▼ $9,200
Total Liabilities and Net Assets / Fund Balance$49,037$38,542▼ $10,495

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$4,244$4,244
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Matt FinniganExecutive DiFT$54,167$54,167

Board Members and Trustees

NameTitle
Sheila DixonBoard Presid
Angie Harris RobertsDirector
Jill Dahle BennettDirector
Jorge FierroDirector
Nona RichardsonDirector
Grady JohnsonTreasurer
Pam ChamberlainVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$158,364
Program Service Revenue
$19,998
Investment Income
$37
Other Revenue
$0
All Other Contributions
$158,364
Change in Net Assets
$-9,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$122,773
Other Expenses$64,826
Total Fundraising Expense$18,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,229--$60,229
Current Officers, Directors, Trustees, and Key Employees$35,208$5,417$13,542$54,167
Occupancy$29,038--$29,038
Fees for Services Accounting-$9,698-$9,698
Payroll Taxes$6,254$933$1,190$8,377
Office Expenses$3,714$206$206$4,126
Information Technology$3,538$197$197$3,932
Travel$2,721--$2,721
Advertising-$1,513-$1,513
All Other Expenses$582$100-$682
Other Expenses$562$690$2,951$562
Insurance-$559-$559
Total Functional Expenses$150,200$19,313$18,086$187,599
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Matt finnegan mary chris finnigan spouses”

Form 990, Page 6, Part VI, Line 11B

“A draft copy of the form 990 is provided to the board for their review prior to filing. Any comments or questions are incorporate and resolved before the form 990 is filed.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors meets to discuss the executive director's salary and uses comparable organzations when determining the salary.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available at the organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
Race Swami
EIN
27-4648408
Phone
8012054881
Address
2751 S 2700 E, SALT LAKE CITY, UT 84109-2013

Signing Officer

Name
Matt Finnigan
Title
Executive Director
Phone
8012054881
Signed
2024-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Finnigan
Formed
2011
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
7
Employees
15
Volunteers
60

Preparer

Firm
Bountiful Peak Advisors
Address
1564 SOUTH 500 WEST SUITE 201, BOUNTIFUL, UT 84010-7400
Preparer
Justin R Shaw CPA Cfe Cgma
Phone
8012943155
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Race swami exists to empower youth to be champions in and out of the water for a lifetime. We provide opportunities in swimming for underserved youth from the west side of salt lake city. Out goal is to develop our participants physical and mental health in a fun and unique environment, deeply rooted in seflt-discipline, teamwork, and whole-body awaremenss. At the same, we value and welcome the rich cultural knowledge and experiences of the youth and communities we serve. Race swami is a 501 (c) (3) non profit club service the rose park, glendale and neighboring communities of salt lake city's west side.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RACE SWAMI EXISTS TO EMPOWER YOUTH TO BE CHAMPIONS IN AND OUT OF THE WATER FOR A LIFETIME. WE PROVIDE OPPORTUNITIES IN SWIMMING FOR UNDERSERVED YOUTH FROM THE WEST SIDE OF SALT LAKE CITY. OUT GOAL IS TO DEVELOP OUR PARTICIPANTS PHYSICAL AND MENTAL HEALTH IN A FUN AND UNIQUE ENVIRONMENT, DEEPLY ROOTED IN SEFLT-DISCIPLINE, TEAMWORK, AND WHOLE-BODY AWAREMENSS. AT THE SAME, WE VALUE AND WELCOME THE RICH CULTURAL KNOWLEDGE AND EXPERIENCES OF THE YOUTH AND COMMUNITIES WE SERVE. RACE SWAMI IS A 501 (C) (3) NON PROFIT CLUB SERVICE THE ROSE PARK, GLENDALE AND NEIGHBORING COMMUNITIES OF SALT LAKE CITY'S WEST SIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MATT FINNEGAN MARY CHRIS FINNIGAN SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING. ANY COMMENTS OR QUESTIONS ARE INCORPORATE AND RESOLVED BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS MEETS TO DISCUSS THE EXECUTIVE DIRECTOR'S SALARY AND USES COMPARABLE ORGANZATIONS WHEN DETERMINING THE SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/CityNm0SALT LAKE CITY
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IRS990/WebsiteAddressTxt0WWW.RACESWAMI.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATT FINNIGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08012054881
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RACE SWAMI
ReturnHeader/Filer/BusinessNameControlTxt0RACE
ReturnHeader/Filer/EIN0274648408
ReturnHeader/Filer/PhoneNum08012054881
ReturnHeader/Filer/USAddress/AddressLine1Txt02751 S 2700 E
ReturnHeader/Filer/USAddress/CityNm0SALT LAKE CITY
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460952065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOUNTIFUL PEAK ADVISORS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01564 SOUTH 500 WEST SUITE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOUNTIFUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0840107400
ReturnHeader/PreparerPersonGrp/PhoneNum08012943155
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTIN R SHAW CPA CFE CGMA
ReturnHeader/ReturnTs02024-10-29T10:18:10-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,542
Liabilities
$6,834
Net assets
$31,708
Revenue
$178,399
Expenses
$187,599
Net income
-$9,200
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.14$0.05$1.10$2.54$1.77$0.78
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.07$0.32$1.78$1.88$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.08$0.41$1.85$2.23$0.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.09$0.78$2.04$2.23$0.20
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.21$1.03$2.16$1.96$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.02$0.83$2.49$2.45$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.19$0.79$2.16$2.37$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.04$0.88$2.04$1.89$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.03$0.73$1.54$1.41$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.63$0.04$0.60$1.65$1.34$0.32