Civic Intelligence

Swift Aquatics LLC

990 • Fiscal year 2020 • EIN 82-1550205

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 18, 2021

8907 North Osceola AvenueMorton Grove, IL 60053

(847) 452-5666

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

33rd percentile

-5.0%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$73,840

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 19.6% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

23rd percentile

-15%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

-17%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$106,573

Down $18,696 (-15%) from 2019

Net Assets

Down

$106,573

Down $18,696 (-15%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$376,741

Down $77,348 (-17%) from 2019

Expenses

Down

$395,437

Down $40,763 (-9.3%) from 2019

Net Income

Down

-$18,696

Down $36,585 (-205%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2017: $82,734Liabilities 2017: $0Net Assets 2017: $82,7342017Assets 2018: $107,380Liabilities 2018: $0Net Assets 2018: $107,3802018Assets 2019: $125,269Liabilities 2019: $0Net Assets 2019: $125,2692019Assets 2020: $106,573Liabilities 2020: $0Net Assets 2020: $106,5732020Assets 2021: $106,459Liabilities 2021: $35,800Net Assets 2021: $70,6592021Assets 2022: $111,326Liabilities 2022: $0Net Assets 2022: $111,3262022Assets 2023: $156,782Liabilities 2023: $0Net Assets 2023: $156,7822023Assets 2024: $92,767Liabilities 2024: $0Net Assets 2024: $92,7672024

Highlighted filing

2020

Assets$106,573
Liabilities$0
Net Assets$106,573

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $254,621Expenses 2017: $171,887Net Income 2017: $82,7342017Revenue 2018: $304,890Expenses 2018: $280,244Net Income 2018: $24,6462018Revenue 2019: $454,089Expenses 2019: $436,200Net Income 2019: $17,8892019Revenue 2020: $376,741Expenses 2020: $395,437Net Income 2020: -$18,6962020Revenue 2021: $276,627Expenses 2021: $312,541Net Income 2021: -$35,9142021Revenue 2022: $384,507Expenses 2022: $343,840Net Income 2022: $40,6672022Revenue 2023: $380,135Expenses 2023: $334,679Net Income 2023: $45,4562023Revenue 2024: $347,423Expenses 2024: $411,438Net Income 2024: -$64,0152024

Highlighted filing

2020

Revenue$376,741
Expenses$395,437
Net Income-$18,696
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 18, 2021
Return Version
2020v4.0
Gross Receipts
$376,741
Mission and Program Overview

Mission

Children's swimming instruction

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$125,269$106,573▼ $18,696
Total Assets$125,269$106,573▼ $18,696
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$125,269$106,573▼ $18,696
Total Net Assets Fund Balance$125,269$106,573▼ $18,696
Total Liabilities and Net Assets / Fund Balance$125,269$106,573▼ $18,696
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Seth OrloveOfficerFT$73,840$73,840
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$340,941
Investment Income
$0
Other Revenue
$35,800
Change in Net Assets
$-18,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,887
Salaries, Compensation, and Employee Benefits$189,550
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$205,887--$205,887
Other Salaries and Wages$175,634--$175,634
Payroll Taxes$13,916--$13,916
Total Functional Expenses$395,437$0$0$395,437
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
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 11B

Draft of form 990 was reviewed before filing

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Swift Aquatics LLC
EIN
82-1550205
Phone
8474525666
Address
8907 NORTH OSCEOLA AVENUE, MORTON GROVE, IL 60053

Signing Officer

Name
Seth Orlove
Title
Officer
Phone
8474525666
Signed
2021-06-18

Organization Details

Principal Officer
Seth Orlove
Formed
2017
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
2
Employees
17
Volunteers
7

Preparer

Firm
Sabella & Graham Pc
Address
776 BUSSE HIGHWAY, PARK RIDGE, IL 60068-2495
Preparer
Martin D Graham CPA
Phone
8476961611
Supplemental Narrative

Additional Explanations

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

Children's swimming instruction

Raw XML Appendix253 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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ReturnHeader/TaxYr02020

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