Wood Valley Swim & Racquet Club Inc
501(c)(7)
Only null% goes to programs Strong reserves
Wood Valley Swim & Racquet Club Inc is a 501(c)(7) organization based in Raleigh, North Carolina, registered in 1982, with $308,959 in FY2024 revenue. CharityIndex grades it D.
10316 Boxelder Dr, Raleigh, NC, 27613 EIN 56-1271031 Since 1982
Revenue (FY2024)
$309K
▼ 0.3% vs prior year
Expenses (FY2024)
$386K
Net assets
$361K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Wood Valley Swim & Racquet Club Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating11 mo reserves · -25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Wood Valley Swim & Racquet Club Inc: 11 mo reserves · -25% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Wood Valley Swim & Racquet Club Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Wood Valley Swim & Racquet Club Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 10316 Boxelder Dr, Raleigh, NC, 27613
- City
- Raleigh
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $227K (FY2017) to $309K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $183KNet assets $361K
Operating margin
-25.1%
Spent more than it raised in the latest fiscal year.
Total assets
$545K
Total liabilities
$183K
Net assets
$361K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $308,959▼0.3% | $386,386▲31.1% | $361,325▼17.7% | $544,555▼15.9% | 990 |
| 2023 | $309,745▼1.9% | $294,663▲8.0% | $439,251▲4.5% | $647,569▼0.1% | 990 |
| 2022 | $315,842▲10.4% | $272,760▲17.5% | $420,440▲14.1% | $648,075▲6.1% | 990 |
| 2021 | $286,148▲105% | $232,042▲36.5% | $368,458▲22.8% | $610,815▲8.1% | 990 |
| 2020 | $139,681▼32.1% | $169,949▼23.2% | $299,987▼7.3% | $565,007▼5.3% | 990 |
| 2019 | $205,779▼11.3% | $221,160▼0.5% | $323,735▼1.5% | $596,932▼3.1% | 990 |
| 2018 | $231,912▲2.4% | $222,302▲0.2% | $328,636▲7.0% | $616,032▲1.3% | 990 |
| 2017 | $226,519 | $221,798 | $307,086 | $608,083 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $16K total
1 grant to Wood Valley Swim & Racquet Club Inc totaling $16K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United States Tennis Association Inc | Facility assistance program grant | 2024 | $16,000 |
Frequently asked questions
- Is Wood Valley Swim & Racquet Club Inc a legitimate nonprofit?
- Yes. Wood Valley Swim & Racquet Club Inc is a 501(c)(7) organization registered with the U.S. Internal Revenue Service under EIN 56-1271031, based in Raleigh, North Carolina.
- What is Wood Valley Swim & Racquet Club Inc's EIN?
- Wood Valley Swim & Racquet Club Inc's Employer Identification Number (EIN) is 56-1271031.
- How much revenue does Wood Valley Swim & Racquet Club Inc report?
- Wood Valley Swim & Racquet Club Inc reported $308,959 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Wood Valley Swim & Racquet Club Inc have?
- CharityIndex grades Wood Valley Swim & Racquet Club Inc D, based on financial health (reserves and operating margin).
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Data for Wood Valley Swim & Racquet Club Inc (EIN 56-1271031) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.