Civic Intelligence

Waugh Chapel Swim Club Inc

EIN 52-0977892 • 501(c)7 • Gambrills, MD

Profile

As a social and recreational facility, the swim club provides a safe environment for family swimming and affords training and practice to young individuals for competitive swimming and diving.

854 Waugh Chapel RoadGambrills, MD 21054

www.wcswimclub.com

Siviq Scores

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

Liabilities / Assets

80th percentile

0.15x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.10x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

25th percentile

-8.2%

Higher net margin than 25% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

96th percentile

$4,667

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

20th percentile

-21%

Faster asset growth than 20% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

1.2%

Faster revenue growth than 49% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$300,926

Down $80,506 (-21%) from 2023

Liabilities

Down

$46,464

Down $41,070 (-47%) from 2023

Net Assets

Down

$254,462

Down $39,436 (-13%) from 2023

Revenue

Up

$481,747

Up $5,707 (+1.2%) from 2023

Expenses

Up

$521,358

Up $37,091 (+7.7%) from 2023

Net Income

Down

-$39,611

Down $31,384 (-381%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $467,452Liabilities 2011: $146,271Net Assets 2011: $321,1812011Assets 2012: $477,659Liabilities 2012: $130,653Net Assets 2012: $347,0062012Assets 2013: $466,654Liabilities 2013: $119,861Net Assets 2013: $346,7932013Assets 2014: $458,363Liabilities 2014: $112,920Net Assets 2014: $345,4432014Assets 2015: $495,976Liabilities 2015: $108,000Net Assets 2015: $387,9762015Assets 2016: $484,895Liabilities 2016: $101,261Net Assets 2016: $383,6342016Assets 2017: $359,914Liabilities 2017: $102,636Net Assets 2017: $257,2782017Assets 2018: $403,091Liabilities 2018: $86,412Net Assets 2018: $316,6792018Assets 2019: $508,141Liabilities 2019: $224,897Net Assets 2019: $283,2442019Assets 2020: $487,739Liabilities 2020: $193,225Net Assets 2020: $294,5142020Assets 2021: $467,966Liabilities 2021: $159,850Net Assets 2021: $308,1162021Assets 2022: $426,790Liabilities 2022: $124,665Net Assets 2022: $302,1252022Assets 2023: $381,432Liabilities 2023: $87,534Net Assets 2023: $293,8982023Assets 2024: $300,926Liabilities 2024: $46,464Net Assets 2024: $254,4622024

Highlighted filing

2024

Assets$300,926
Liabilities$46,464
Net Assets$254,462

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $314,643Expenses 2011: $286,428Net Income 2011: $28,2152011Revenue 2012: $325,873Expenses 2012: $303,800Net Income 2012: $22,0732012Revenue 2013: $284,272Expenses 2013: $284,876Net Income 2013: -$6042013Revenue 2014: $295,630Expenses 2014: $297,119Net Income 2014: -$1,4892014Revenue 2015: $321,595Expenses 2015: $279,044Net Income 2015: $42,5512015Revenue 2016: $320,671Expenses 2016: $304,513Net Income 2016: $16,1582016Revenue 2017: $408,761Expenses 2017: $278,631Net Income 2017: $130,1302017Revenue 2018: $481,160Expenses 2018: $421,759Net Income 2018: $59,4012018Revenue 2019: $451,195Expenses 2019: $484,630Net Income 2019: -$33,4352019Revenue 2020: $292,608Expenses 2020: $281,338Net Income 2020: $11,2702020Revenue 2021: $422,066Expenses 2021: $408,464Net Income 2021: $13,6022021Revenue 2022: $433,624Expenses 2022: $441,006Net Income 2022: -$7,3822022Revenue 2023: $476,040Expenses 2023: $484,267Net Income 2023: -$8,2272023Revenue 2024: $481,747Expenses 2024: $521,358Net Income 2024: -$39,6112024

Highlighted filing

2024

Revenue$481,747
Expenses$521,358
Net Income-$39,611

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.46$2.54$4.82$5.21$0.40
2023Detailed filing. Detailed filing data is available for this year.$3.81$0.88$2.94$4.76$4.84$0.08
2022Detailed filing. Detailed filing data is available for this year.$4.27$1.25$3.02$4.34$4.41$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.68$1.60$3.08$4.22$4.08$0.14
2020Detailed filing. Detailed filing data is available for this year.$4.88$1.93$2.95$2.93$2.81$0.11
2019Detailed filing. Detailed filing data is available for this year.$5.08$2.25$2.83$4.51$4.85$0.33
2018Detailed filing. Detailed filing data is available for this year.$4.03$0.86$3.17$4.81$4.22$0.59
2017Detailed filing. Detailed filing data is available for this year.$3.60$1.03$2.57$4.09$2.79$1.30
2016Detailed filing. Detailed filing data is available for this year.$4.85$1.01$3.84$3.21$3.05$0.16
2015Detailed filing. Detailed filing data is available for this year.$4.96$1.08$3.88$3.22$2.79$0.43
2014Detailed filing. Detailed filing data is available for this year.$4.58$1.13$3.45$2.96$2.97$0.01
2013Summary only. Only limited summary data is available for this year.$4.67$1.20$3.47$2.84$2.85$0.01
2012Summary only. Only limited summary data is available for this year.$4.78$1.31$3.47$3.26$3.04$0.22
2011Summary only. Only limited summary data is available for this year.$4.67$1.46$3.21$3.15$2.86$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$481,747
Mission and Program Overview

Mission

As a social and recreational facility, the swim club provides a safe environment for family swimming and affords training and practice to young individuals for competitive swimming and diving.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$293,898$254,462▼ $39,436
Land, Buildings, and Equipment, Net$288,532$249,714▼ $38,818
Cash and Non-Interest-Bearing Accounts$77,236$35,548▼ $41,688
Prepaid Expenses and Deferred Charges$15,664$15,664→ $0
Total Assets$381,432$300,926▼ $80,506
Liabilities
Mortgage Notes Payable Secured by Investment Property$87,534$46,464▼ $41,070
Total Liabilities$87,534$46,464▼ $41,070
Net Assets / Fund Balance
Total Net Assets Fund Balance$293,898$254,462▼ $39,436
Total Liabilities and Net Assets / Fund Balance$381,432$300,926▼ $80,506

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$137,145$911,999$1,049,144
Equipment$13,459$117,103$130,562
Land$65,000-$65,000
Leasehold Improvements$34,110$24,681$58,791
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tracy MathewsTreasurerPT$4,667$4,667

Board Members and Trustees

NameTitle
Jeff MadisonPresident
Gloria Benya-zwaldCommunicatio
Casey BoswellDive Team Re
Cory ArmstrongFacilities D
Peter KimFacilities D
Christina HammondMember at La
Cathryn NashMembership D
Heather OakleySecretary
Shelly IngrahamSocials Dire
Michelle EstesSwim Team Re
Jordan CochranVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$351,278
Program Service Revenue
$130,469
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-39,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$478,685
Salaries, Compensation, and Employee Benefits$42,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$56,679$170,035-$226,714
All Other Expenses$29,276$24,940-$54,216
Insurance$12,197$36,593-$48,790
Depreciation Depletion$9,704$29,114-$38,818
Other Salaries and Wages$28,644--$28,644
Other Expenses$3,452$10,356-$13,808
Payroll Taxes$6,878--$6,878
Current Officers, Directors, Trustees, and Key Employees-$4,667-$4,667
Comp Disqual Persons-$2,484-$2,484
Interest$450$1,349-$1,799
Fees for Services Accounting$412$1,238-$1,650
Office Expenses$115$347-$462
Total Functional Expenses$222,860$298,498$0$521,358
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
Subject to proxy tax
No
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
No
Management duties delegated
No

Governance Explanations

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

Members are eligible to vote and elect members to the governing body.

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

Return is made available to all officers and board members for review before filing.

Form 990, Page 6, Part VI, Line 19

Publically available upon request

Filing and Contact Details

Filer

Filer Name
Waugh Chapel Swim Club Inc
EIN
52-0977892
Phone
4106725089
Address
854 WAUGH CHAPEL ROAD, GAMBRILLS, MD 21054

Signing Officer

Name
Tracy Mathews
Title
Treasurer
Phone
4106725089
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Madison
Voting Board Members
11
Independent Board Members
11
Employees
29

Preparer

Firm
Integrity Tax & Small Business Solutions
Address
1610 PROFESSIONAL BLVD STE G, CROFTON, MD 21114
Preparer
J Michelle Crislip
Phone
4104513663
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Personal property taxes 2,547 7,643 0 social activities 9,408 0 0 real estate taxes 2,258 6,773 0 dive team expenses 8,269 0 0 merchant fees 1,898 5,696 0 membership expenses 1,596 4,790 0 sales & use taxes 3,288 0 0 management expenses 12 38 0 total 29,276 24,940 0

Form 990, Part XI, Line 9

PPA 175

Raw XML Appendix363 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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IRS990/Desc0PROVIDES SWIMMING, TENNIS AND CONCESSION FACILITIES TO SEVERAL HUNDRED MEMBERS AND THEIR FAMILIES AND GUESTS. THE CLUB SWIM AND DIVE TEAM USE THE POOL TO PREPARE FOR VARIOUS COMPETITIVE EVENTS. OTHER ACTIVITIES ARE OFFERED THROUGHOUT THE SEASON AS A MEANS FOR MEMBERS AND GUESTS TO GATHER, SOCIALIZE, PROVIDE CLUB VISIBILITY AND ULTIMATELY BUILD THE GOODWILL NECESSARY FOR LONG TERM VIABILITY.
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IRS990/OtherExpensesGrp/ProgramServicesAmt223118
IRS990/OtherExpensesGrp/ProgramServicesAmt33452
IRS990/OtherExpensesGrp/TotalAmt046143
IRS990/OtherExpensesGrp/TotalAmt123167
IRS990/OtherExpensesGrp/TotalAmt223118
IRS990/OtherExpensesGrp/TotalAmt313808
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt028644
IRS990/OtherSalariesAndWagesGrp/TotalAmt028644
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt06878
IRS990/PayrollTaxesGrp/TotalAmt06878
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015664
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015664
IRS990/PrincipalOfficerNm0JEFF MADISON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SNACK BAR
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SWIM TEAM
IRS990/ProgramServiceRevenueGrp/Desc3SOCIAL ACTIVITIES INCOME
IRS990/ProgramServiceRevenueGrp/Desc4DIVE TEAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt056627
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt133484
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225508
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38270
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt46580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt056627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt133484
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46580
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0347940
IRS990/PYOtherExpensesAmt0415513
IRS990/PYProgramServiceRevenueAmt0128100
IRS990/PYRevenuesLessExpensesAmt0-8227
IRS990/PYSalariesCompEmpBnftPaidAmt068754
IRS990/PYTotalExpensesAmt0484267
IRS990/PYTotalRevenueAmt0476040
IRS990/ReconcilationRevenueExpnssAmt0-39611
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0293898
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0254462
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0137145
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0911999
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01049144
IRS990ScheduleD/EquipmentGrp/BookValueAmt013459
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0117103
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0130562
IRS990ScheduleD/LandGrp/BookValueAmt065000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt034110
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024681
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt058791
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0249714
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ARE ELIGIBLE TO VOTE AND ELECT MEMBERS TO THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN IS MADE AVAILABLE TO ALL OFFICERS AND BOARD MEMBERS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PUBLICALLY AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PERSONAL PROPERTY TAXES 2,547 7,643 0 SOCIAL ACTIVITIES 9,408 0 0 REAL ESTATE TAXES 2,258 6,773 0 DIVE TEAM EXPENSES 8,269 0 0 MERCHANT FEES 1,898 5,696 0 MEMBERSHIP EXPENSES 1,596 4,790 0 SALES & USE TAXES 3,288 0 0 MANAGEMENT EXPENSES 12 38 0 TOTAL 29,276 24,940 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PPA 175
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0381432
IRS990/TotalAssetsEOYAmt0300926
IRS990/TotalAssetsGrp/BOYAmt0381432
IRS990/TotalAssetsGrp/EOYAmt0300926
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0351278
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0298498
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0222860
IRS990/TotalFunctionalExpensesGrp/TotalAmt0521358
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087534
IRS990/TotalLiabilitiesEOYAmt046464
IRS990/TotalLiabilitiesGrp/BOYAmt087534
IRS990/TotalLiabilitiesGrp/EOYAmt046464
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0293898
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0254462
IRS990/TotalProgramServiceRevenueAmt0130469
IRS990/TotalReportableCompFromOrgAmt04667
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0130469
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0481747
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0381432
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0300926
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TRACY MATHEWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04106725089
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAUGH CHAPEL SWIM CLUB INC
ReturnHeader/Filer/BusinessNameControlTxt0WAUG
ReturnHeader/Filer/EIN0520977892
ReturnHeader/Filer/PhoneNum04106725089
ReturnHeader/Filer/USAddress/AddressLine1Txt0854 WAUGH CHAPEL ROAD
ReturnHeader/Filer/USAddress/CityNm0GAMBRILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021054
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810825939
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0INTEGRITY TAX & SMALL BUSINESS SOLUTIONS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01610 PROFESSIONAL BLVD STE G
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CROFTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021114
ReturnHeader/PreparerPersonGrp/PhoneNum04104513663
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J MICHELLE CRISLIP
ReturnHeader/ReturnTs02025-11-14T08:15:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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