BELMONT AQUATIC TEAM INC

EIN: 042730190 501(c)(3) Recreation & Sports

BELMONT, MA

Total Revenue
$211,780
Total Expenses
$197,202
Total Assets
$325,330
Net Assets
$325,330
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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
1981
Legal Domicile
MA
Principal Officer
JOHN WILBANKS
Phone
6177752781
Tax Period
2024-09-01 to 2025-08-31

BELMONT AQUATIC TEAM INC, founded in 1981, is a small nonprofit in the Recreation & Sports sector that reported $212K in total revenue in fiscal year 2024. Expenses of $197K left a modest 7% surplus.

Mission

COMPETITIVE SWIM TEAM

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $205,694
Investment Income $6,086
Other Revenue $0
TOTAL REVENUE $211,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $77,873
Fundraising Expenses $0
Program Expenses $171,779
Other Expenses $119,329
TOTAL EXPENSES $197,202

Year-over-Year Comparison

2024 2023 Change
Revenue $211,780 $216,878 0.0%
Expenses $197,202 $181,235 +0.1%
Net Income $14,578 $35,643 -0.6%
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

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Governance

Voting Members
4
Independent Members
4
Employees
3
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
5
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLANCA LAIN DIRECTOR 0.50
Director
$0 $0 $0
JESSICA GLYNN DIRECTOR 0.50
Director
$0 $0 $0
JOHN WILBANKS PRESIDENT 2.00
Officer
$0 $0 $0
DEREK OHLY FORMER TREASURER 0.50
Officer
$0 $0 $0
MICHEL OHLY FORMER CLERK 0.50
Officer
$0 $0 $0
JING HE FORMER VICE PRESIDENT 0.50
Officer
$0 $0 $0
ADAM TYNER TREASURER 0.50
Officer
$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
2025 $211,780 $197,202 $325,330 $14,578
2024 $216,878 $181,235 $320,169 $35,643
2023 $237,456 $142,096 $352,500 $95,360
2022 $194,096 $155,431 $248,238 $38,665
2021 $164,009 $160,462 $142,003 $3,547
2020 $132,802 $151,592 $149,802 $-18,790
2019 $189,187 $195,334 $167,887 $-6,147
2018 $191,359 $190,623 $179,518 $736
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