Civic Intelligence

South West Aquatic Team

990 • Fiscal year 2024 • EIN 39-1237451

Sep 01, 2023 to Aug 31, 2024 • Filed on Nov 06, 2024

PO Box 20738Greenfield, WI 53220-0738

(262) 679-7928

Siviq Scores

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

Liabilities / Assets

58th percentile

0.04x

Higher debt load relative to assets than 58% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.03x

Higher debt load relative to revenue than 56% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

32nd percentile

-3.2%

Higher net margin than 32% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

27th percentile

-4.4%

Faster asset growth than 27% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

-2.1%

Faster revenue growth than 34% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$420,781

Down $19,484 (-4.4%) from 2023

Net Assets

Down

$406,045

Down $16,484 (-3.9%) from 2023

Liabilities

Down

$14,736

Down $3,000 (-17%) from 2023

Revenue

Down

$517,547

Down $10,918 (-2.1%) from 2023

Expenses

Up

$534,031

Up $31,377 (+6.2%) from 2023

Net Income

Down

-$16,484

Down $42,295 (-164%) from 2023

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $205,368Liabilities 2011: $631Net Assets 2011: $204,7372011Assets 2012: $244,329Liabilities 2012: $1,566Net Assets 2012: $242,7632012Assets 2013: $235,750Liabilities 2013: $2,758Net Assets 2013: $232,9922013Assets 2014: $240,619Liabilities 2014: $2,623Net Assets 2014: $237,9962014Assets 2015: $223,607Liabilities 2015: $2,539Net Assets 2015: $221,0682015Assets 2016: $180,095Liabilities 2016: $3,930Net Assets 2016: $176,1652016Assets 2017: $173,665Liabilities 2017: $989Net Assets 2017: $172,6762017Assets 2018: $95,062Liabilities 2018: $498Net Assets 2018: $94,5642018Assets 2019: $139,912Liabilities 2019: $12,298Net Assets 2019: $127,6142019Assets 2020: $117,202Liabilities 2020: $15,000Net Assets 2020: $102,2022020Assets 2021: $429,257Liabilities 2021: $86,412Net Assets 2021: $342,8452021Assets 2022: $417,454Liabilities 2022: $20,736Net Assets 2022: $396,7182022Assets 2023: $440,265Liabilities 2023: $17,736Net Assets 2023: $422,5292023Assets 2024: $420,781Liabilities 2024: $14,736Net Assets 2024: $406,0452024Assets 2025: $445,537Liabilities 2025: $11,736Net Assets 2025: $433,8012025

Highlighted filing

2024

Assets$420,781
Liabilities$14,736
Net Assets$406,045

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $507,0222011Expenses 2012: $539,9872012Revenue 2013: $629,230Expenses 2013: $639,510Net Income 2013: -$10,2802013Revenue 2014: $788,013Expenses 2014: $781,990Net Income 2014: $6,0232014Revenue 2015: $604,430Expenses 2015: $622,125Net Income 2015: -$17,6952015Revenue 2016: $608,320Expenses 2016: $653,223Net Income 2016: -$44,9032016Revenue 2017: $619,910Expenses 2017: $623,399Net Income 2017: -$3,4892017Revenue 2018: $543,983Expenses 2018: $599,702Net Income 2018: -$55,7192018Revenue 2019: $415,094Expenses 2019: $382,044Net Income 2019: $33,0502019Revenue 2020: $304,151Expenses 2020: $329,563Net Income 2020: -$25,4122020Revenue 2021: $500,879Expenses 2021: $260,236Net Income 2021: $240,6432021Revenue 2022: $491,092Expenses 2022: $437,219Net Income 2022: $53,8732022Revenue 2023: $528,465Expenses 2023: $502,654Net Income 2023: $25,8112023Revenue 2024: $517,547Expenses 2024: $534,031Net Income 2024: -$16,4842024Revenue 2025: $560,567Expenses 2025: $532,811Net Income 2025: $27,7562025

Highlighted filing

2024

Revenue$517,547
Expenses$534,031
Net Income-$16,484
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$517,547
Mission and Program Overview

Mission

The organizations mission is to promote and teach competitive swimming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$241,977$242,048▲ $71
Cash and Non-Interest-Bearing Accounts$197,022$178,288▼ $18,734
Land, Buildings, and Equipment, Net$1,266$445▼ $821
Total Assets$440,265$420,781▼ $19,484
Liabilities
Other Liabilities$17,736$14,736▼ $3,000
Total Liabilities$17,736$14,736▼ $3,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$422,529$406,045▼ $16,484
Total Net Assets Fund Balance$422,529$406,045▼ $16,484
Total Liabilities and Net Assets / Fund Balance$440,265$420,781▼ $19,484

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$3,000$3,000
Equipment$445$744$1,189
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kristie RaskPresident
Michael DoyleVice President
Beth BornemanDirector
Bonnie RydelskiDirector
Julia MayDirector
Kim WerthSecretary & Director
Kristin BeresTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,349
Program Service Revenue
$506,639
Investment Income
$71
Other Revenue
$1,488
All Other Contributions
$50
Change in Net Assets
$-16,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$360,593
Other Expenses$173,438
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$325,895--$325,895
Occupancy$94,593--$94,593
Payroll Taxes$22,571--$22,571
Travel$22,553--$22,553
All Other Expenses$19,314--$19,314
Other Employee Benefits$12,127--$12,127
Insurance$6,714--$6,714
Fees for Services Management-$4,866-$4,866
Office Expenses$1,917$2,281-$4,198
Other Expenses$1,556--$1,556
Advertising$932--$932
Depreciation Depletion$821--$821
Total Functional Expenses$526,884$7,147$0$534,031
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Erc Payable$9,486
Sba Eidl Loan$5,250
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
No
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

Members or stockholder classes and rights Part VI line 6

The organization is governed by a parent-led board of directors. There are 9 directors each of whom serve a 3 year term.

Member election for additional members Part VI line 7A

The board of directors must agree prior to appointing a new member to the board.

Form 990 governing body review Part VI line 11

The board of directors was provided with a copy of the 990 for review prior to submittal.

Governing documents etc available to public Part VI line 19

Documentation is made available to the public upon request

Filing and Contact Details

Filer

Filer Name
South West Aquatic Team Inc
EIN
39-1237451
Address
PO BOX 20738, GREENFIELD, WI 53220-0738

Signing Officer

Name
Kristin Beres
Title
Treasurer
Phone
2626797928
Signed
2024-11-06
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
59

Preparer

Firm
Wasserman Shuff & Co LLC
Address
8375 S Howell Ave Ste 202, Oak Creek, WI 53154-8344
Preparer
Jeffery Otto
Phone
4147647020
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0153
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0539
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01488
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02218
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt071602
IRS990ScheduleA/OtherIncome509Grp/TotalAmt075308
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IRS990ScheduleA/PublicSupportCY509Pct00.96760
IRS990ScheduleA/PublicSupportPY509Pct00.96670
IRS990ScheduleA/PublicSupportTotal509Amt02266087
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0515788
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0526132
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0419369
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0500800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0303998
IRS990ScheduleA/Total509Grp/TotalAmt02266087
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0500879
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0304151
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0445
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0744
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01189
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19486
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA EIDL LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ERC PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0445
IRS990ScheduleD/TotalLiabilityAmt014736
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS GOVERNED BY A PARENT-LED BOARD OF DIRECTORS. THERE ARE 9 DIRECTORS EACH OF WHOM SERVE A 3 YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MUST AGREE PRIOR TO APPOINTING A NEW MEMBER TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS WAS PROVIDED WITH A COPY OF THE 990 FOR REVIEW PRIOR TO SUBMITTAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTATION IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0420781
IRS990/TotalAssetsGrp/BOYAmt0440265
IRS990/TotalAssetsGrp/EOYAmt0420781
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09349
IRS990/TotalEmployeeCnt059
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07147
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0526884
IRS990/TotalFunctionalExpensesGrp/TotalAmt0534031
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017736
IRS990/TotalLiabilitiesEOYAmt014736
IRS990/TotalLiabilitiesGrp/BOYAmt017736
IRS990/TotalLiabilitiesGrp/EOYAmt014736
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0422529
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0406045
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0526884
IRS990/TotalProgramServiceRevenueAmt0506639
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0508198
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0517547
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0440265
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0420781
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt022553
IRS990/TravelGrp/TotalAmt022553
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.SWIMSWAT.ORG
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTIN BERES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02626797928
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH WEST AQUATIC TEAM INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0391237451
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 20738
ReturnHeader/Filer/USAddress/CityNm0GREENFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0532200738
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264513576
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wasserman Shuff & Co LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08375 S Howell Ave Ste 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oak Creek
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0531548344
ReturnHeader/PreparerPersonGrp/PhoneNum04147647020
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffery Otto
ReturnHeader/ReturnTs02024-11-08T13:26:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-09-01
ReturnHeader/TaxPeriodEndDt02024-08-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.46$0.12$4.34$5.61$5.33$0.28
2024Detailed filing. Detailed filing data is available for this year.$4.21$0.15$4.06$5.18$5.34$0.16
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.18$4.23$5.28$5.03$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.17$0.21$3.97$4.91$4.37$0.54
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.29$0.86$3.43$5.01$2.60$2.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.15$1.02$3.04$3.30$0.25
2019Summary only. Only limited summary data is available for this year.$1.40$0.12$1.28$4.15$3.82$0.33
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.00$0.95$5.44$6.00$0.56
2017Summary only. Only limited summary data is available for this year.$1.74$0.01$1.73$6.20$6.23$0.03
2016Summary only. Only limited summary data is available for this year.$1.80$0.04$1.76$6.08$6.53$0.45
2015Summary only. Only limited summary data is available for this year.$2.24$0.03$2.21$6.04$6.22$0.18
2014Detailed filing. Detailed filing data is available for this year.$2.41$0.03$2.38$7.88$7.82$0.06
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.36$0.03$2.33$6.29$6.40$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.02$2.43$5.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.01$2.05$5.07