DEKALB AQUATICS SWIM INC (EIN 010718987) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

KAREN WILBORN

Phone

7707363512

Tax Period

2023-01-01 to 2023-12-31

DEKALB AQUATICS SWIM INC, founded in 2002, is a small nonprofit in the Youth Development sector that reported $513K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

TO UTILIZE SWIMMING AS A TOOL TO MOLD YOUNG PEOPLE INTO BECOMING OUTSTANDING CITIZENS AND WORLD-CLASS ATHLETES. DEKALB AQUATICS SWIM TEAM, INC "DAQ"IS A COMPETITIVE SWIM TEAM, WHICH RECEIVED IT'S DETERMINATION LETTER RECOGNIZING IT AS TAX-EXEMPT UNDER SECTION 501(C) (3)OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED DATED DECEMBER 18, 2001. DAQ IS BASED IN DECATUR, GEORGIA AND CURRENTLY SERVES APPROXIMATELY 220 YOUTH SWIMMERS. DAQ'S PURPOSE IS TO TRAIN STUDENT ATHLETE THROUGH HIGH SCHOOL TO PARTICIPATE IN LOCAL, STATE, REGIONAL, AND NATIONAL SWIMMING COMPETITIONS IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY USA SWIMMING, THE NATIONAL GOVERNING BODY FOR THE SPORT OF SWIMMING. DAQ IS COMMITTED TO PROVIDING A SAFE ENVIRONMENT FOR ALL PARTICIPANTS WITH ATHLETE PROTECTION POLICIES AND GUIDELINES IN PLACE FOLLOWING USA SWIMMING BEST PRACTICES. IN ADDITION TO THE ABOVE, DAQ'S GOAL IS TO USE SWIMMING AS A TOOL TO MOLD, SUPPORT, AND MENTOR YOUNG PEOPLE INTO BECOMING OUTSTANDING CITIZENS. IN SU

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,975

Program Service Revenue $495,135

Investment Income $65

Other Revenue $0

TOTAL REVENUE $513,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,215

Fundraising Expenses $0

Program Expenses $492,118

Other Expenses $259,576

TOTAL EXPENSES $514,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$513,175	$583,104	-0.1%
Expenses	$514,791	$588,554	-0.1%
Net Income	$-1,616	$-5,450	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$127,563

Total Directors

$127,563

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN WILBORN	PRESIDENT	40.00	Officer Director	$127,563	$0	$127,563
JOHNNY HURT	BOARD MEMBER	N/A	Director	$0	$0	$0
ANGIE PETERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVE POTTER	BOARD MEMBER	N/A	Director	$0	$0	$0
NICOLE WATSON	BOARD MEMBER	N/A	Director	$0	$0	$0
DORIS WIBORN	BOARD MEMBER	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$513,175	$514,791	$149,003	$-1,616
2022	$583,104	$588,554	$150,634	$-5,450
2021	$590,374	$471,753	$170,165	$118,621
2020	$313,487	$366,312	$90,397	$-52,825
2019	$471,370	$472,197	$76,942	$-827
2018	$468,232	$445,292	$80,003	$22,940

DEKALB AQUATICS SWIM INC