Civic Intelligence

Black Hawk Swimming Association Inc.

990 • Fiscal year 2019 • EIN 42-1131996

Sep 01, 2018 to Aug 31, 2019 • Filed on Jan 31, 2020

PO Box 548Cedar Falls, IA 50613

(319) 266-5426

Siviq Scores

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

Liabilities / Assets

76th percentile

0.07x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

43rd percentile

0.6%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$40,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

57th percentile

6.4%

Faster asset growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$127,841

Up $7,702 (+6.4%) from 2018

Net Assets

Up

$118,914

Up $24,587 (+26%) from 2018

Liabilities

Down

$8,927

Down $16,885 (-65%) from 2018

Revenue

Up

$288,166

Up $39,446 (+16%) from 2018

Expenses

Up

$286,454

Up $7,903 (+2.8%) from 2018

Net Income

Up

$1,712

Up $31,543 (+106%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2011: $76,328Liabilities 2011: $10,3882011Assets 2012: $77,104Liabilities 2012: $14,129Net Assets 2012: $62,9752012Assets 2013: $123,283Liabilities 2013: $7,262Net Assets 2013: $116,0212013Assets 2014: $139,293Liabilities 2014: $0Net Assets 2014: $139,2932014Assets 2015: $175,901Liabilities 2015: $10,940Net Assets 2015: $164,9612015Assets 2016: $133,301Liabilities 2016: -$9,293Net Assets 2016: $142,5942016Assets 2017: $117,116Liabilities 2017: -$7,042Net Assets 2017: $124,1582017Assets 2018: $120,139Liabilities 2018: $25,812Net Assets 2018: $94,3272018Assets 2019: $127,841Liabilities 2019: $8,927Net Assets 2019: $118,9142019Assets 2020: $202,331Liabilities 2020: $51,048Net Assets 2020: $151,2832020Assets 2021: $238,934Liabilities 2021: $35,817Net Assets 2021: $203,1172021Assets 2022: $238,427Liabilities 2022: $2,443Net Assets 2022: $235,9842022Assets 2023: $258,869Liabilities 2023: $305Net Assets 2023: $258,5642023Assets 2024: $214,948Liabilities 2024: $229Net Assets 2024: $214,7192024Assets 2025: $155,717Liabilities 2025: $1,012Net Assets 2025: $154,7052025

Highlighted filing

2019

Assets$127,841
Liabilities$8,927
Net Assets$118,914

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $190,886Expenses 2011: $194,127Net Income 2011: -$3,2412011Revenue 2012: $211,378Expenses 2012: $214,343Net Income 2012: -$2,9652012Expenses 2013: $218,5332013Revenue 2014: $255,290Expenses 2014: $232,018Net Income 2014: $23,2722014Revenue 2015: $283,111Expenses 2015: $257,443Net Income 2015: $25,6682015Revenue 2016: $261,066Expenses 2016: $283,433Net Income 2016: -$22,3672016Revenue 2017: $290,861Expenses 2017: $309,297Net Income 2017: -$18,4362017Revenue 2018: $248,720Expenses 2018: $278,551Net Income 2018: -$29,8312018Revenue 2019: $288,166Expenses 2019: $286,454Net Income 2019: $1,7122019Revenue 2020: $228,738Expenses 2020: $196,369Net Income 2020: $32,3692020Revenue 2021: $258,864Expenses 2021: $207,030Net Income 2021: $51,8342021Revenue 2022: $283,423Expenses 2022: $250,556Net Income 2022: $32,8672022Revenue 2023: $262,135Expenses 2023: $260,809Net Income 2023: $1,3262023Revenue 2024: $240,780Expenses 2024: $291,239Net Income 2024: -$50,4592024Revenue 2025: $220,693Expenses 2025: $280,707Net Income 2025: -$60,0142025

Highlighted filing

2019

Revenue$288,166
Expenses$286,454
Net Income$1,712
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jan 31, 2020
Return Version
2018v3.2
Gross Receipts
$288,166
Mission and Program Overview

Mission

Educational training for swimmers of various levels in appropriate swimming and conditional methods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$94,327$118,914▲ $24,587
Savings and Temporary Cash Investments$76,958$60,185▼ $16,773
Cash and Non-Interest-Bearing Accounts$38,997$57,386▲ $18,389
Accounts Receivable-$7,276-
Land, Buildings, and Equipment, Net$4,184$2,994▼ $1,190
Total Assets$120,139$127,841▲ $7,702
Liabilities
Other Liabilities$25,812$8,927▼ $16,885
Total Liabilities$25,812$8,927▼ $16,885
Net Assets / Fund Balance
Total Net Assets Fund Balance$94,327$118,914▲ $24,587
Total Liabilities and Net Assets / Fund Balance$120,139$127,841▲ $7,702

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$80,657-$80,657
Other Land Buildings$-77,663$77,663-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jamie LangnerHead Coach$40,000$40,000
Nick LakinFormer Head$6,250$6,250

Board Members and Trustees

NameTitle
Peter KoenigPresident
Dave MasonDirector
Kelli JacobsDirector
Lori ShockleyDirector
ROXANNE O'BRYONDirector
Tracie BremnerDirector
Jennifer MurraSecretary
Traci MallaroTreasurer
Debbie PaulsenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$175,384
Program Service Revenue
$112,658
Investment Income
$124
Other Revenue
$0
Change in Net Assets
$1,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,891
Salaries, Compensation, and Employee Benefits$141,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,253--$85,253
Current Officers, Directors, Trustees, and Key Employees$46,250--$46,250
Travel$31,902--$31,902
All Other Expenses$19,846--$19,846
Occupancy$12,628--$12,628
Other Expenses$10,127--$10,127
Payroll Taxes$10,060--$10,060
Office Expenses$7,929--$7,929
Fees for Services Accounting$2,660--$2,660
Depreciation Depletion$1,190--$1,190
Advertising$848--$848
Fees for Services Other$788--$788
Interest$172--$172
Total Functional Expenses$286,454$0$0$286,454
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
Other Liabilities$7,283
Payroll Liabilities$1,644
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
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 6

Membership of this corporation shall be open to all persons, firms, corporations, and organization in black hawk county, iowa, and the surrounding area. Parents and guardians paying program fees for their child or children are considered members of the corporation. The membership of the corporation is unlimited in size.

Form 990, Page 6, Part VI, Line 7A

Each member is entitled to vote for the election of the board of directors at the annual meeting and shall be entitled to vote on any other matter submitted to the vote of the membership by the board of directors.

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

The board of directors will be provided a copy of the 990 for review prior to filing.

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

Compensation for all positions is determined based on review of comparable compensation data for comparable positions at similar organizations. This is done during a meeting of the executive committee which consists of the president, vice president, secretary, and treasurer of the organization. Any committee member with a potential conflict of interest does not participate in making compensation decisions. All compensation decisions are documented contemporaneously in the minutes of the executive committee meeting.

Form 990, Page 6, Part VI, Line 19

The organization makes its by-laws, handbook, and board minutes available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Black Hawk Swimming Association Inc
EIN
42-1131996
Phone
3192665426
Address
PO BOX 548, CEDAR FALLS, IA 50613

Signing Officer

Name
Traci Mallaro
Title
Treasurer
Phone
3192665426
Signed
2020-01-31
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
18
Volunteers
200

Preparer

Firm
Cory Warmuth CPA Pc
Address
1315 KNOLL AVENUE, WATERLOO, IA 50701
Preparer
Cory Warmuth CPA
Phone
3192346559
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Membership dues - educational training for swimmers of various levels in appropriate swimming and conditional methods through swim lessons. Meets,camps & lessons - hosting and coordinating swimming meets, camps, and lessons for swimmers of various levels for educational and fitness purposes.

Form 990, Part XI, Line 9

Py liabilities incorrect 22,875

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP DUES - EDUCATIONAL TRAINING FOR SWIMMERS OF VARIOUS LEVELS IN APPROPRIATE SWIMMING AND CONDITIONAL METHODS THROUGH SWIM LESSONS. MEETS,CAMPS & LESSONS - HOSTING AND COORDINATING SWIMMING MEETS, CAMPS, AND LESSONS FOR SWIMMERS OF VARIOUS LEVELS FOR EDUCATIONAL AND FITNESS PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP OF THIS CORPORATION SHALL BE OPEN TO ALL PERSONS, FIRMS, CORPORATIONS, AND ORGANIZATION IN BLACK HAWK COUNTY, IOWA, AND THE SURROUNDING AREA. PARENTS AND GUARDIANS PAYING PROGRAM FEES FOR THEIR CHILD OR CHILDREN ARE CONSIDERED MEMBERS OF THE CORPORATION. THE MEMBERSHIP OF THE CORPORATION IS UNLIMITED IN SIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER IS ENTITLED TO VOTE FOR THE ELECTION OF THE BOARD OF DIRECTORS AT THE ANNUAL MEETING AND SHALL BE ENTITLED TO VOTE ON ANY OTHER MATTER SUBMITTED TO THE VOTE OF THE MEMBERSHIP BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS WILL BE PROVIDED A COPY OF THE 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR ALL POSITIONS IS DETERMINED BASED ON REVIEW OF COMPARABLE COMPENSATION DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THIS IS DONE DURING A MEETING OF THE EXECUTIVE COMMITTEE WHICH CONSISTS OF THE PRESIDENT, VICE PRESIDENT, SECRETARY, AND TREASURER OF THE ORGANIZATION. ANY COMMITTEE MEMBER WITH A POTENTIAL CONFLICT OF INTEREST DOES NOT PARTICIPATE IN MAKING COMPENSATION DECISIONS. ALL COMPENSATION DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE EXECUTIVE COMMITTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS BY-LAWS, HANDBOOK, AND BOARD MINUTES AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PY LIABILITIES INCORRECT 22,875
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/WebsiteAddressTxt0WWW.BLACKHAWKSWIMMING.COM
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ReturnHeader/BuildTS02020-11-19 02:30:22Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-31
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ReturnHeader/FilingSecurityInformation/IPTm010:35:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461136044
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORY WARMUTH CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01315 KNOLL AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERLOO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050701
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.56$0.01$1.55$2.21$2.81$0.60
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.00$2.15$2.41$2.91$0.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$0.00$2.59$2.62$2.61$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.02$2.36$2.83$2.51$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.36$2.03$2.59$2.07$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.51$1.51$2.29$1.96$0.32
2019Detailed filing. Detailed filing data is available for this year.$1.28$0.09$1.19$2.88$2.86$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.26$0.94$2.49$2.79$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.07$1.24$2.91$3.09$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.33$0.09$1.43$2.61$2.83$0.22
2015Detailed filing. Detailed filing data is available for this year.$1.76$0.11$1.65$2.83$2.57$0.26
2014Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$2.55$2.32$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.07$1.16$2.19
2012Summary only. Only limited summary data is available for this year.$0.77$0.14$0.63$2.11$2.14$0.03
2011Summary only. Only limited summary data is available for this year.$0.76$0.10$1.91$1.94$0.03