SHER LE MON SWIM CLUB INC (EIN 050301496) - 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

1962

Legal Domicile

Principal Officer

J TODD MORRISSEY

Phone

4014653887

Tax Period

2024-01-01 to 2024-12-31

SHER LE MON SWIM CLUB INC, founded in 1962, is a small nonprofit in the Human Services sector that reported $416K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 21% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE RECREATIONAL ACTIVITIES FOR THE SUMMER MONTHS. ALL REVENUES RECEIVED ARE EXPENDED FOR THE BENEFIT OF THE MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $399,894

Investment Income $15,614

Other Revenue $0

TOTAL REVENUE $415,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,848

Fundraising Expenses $0

Other Expenses $221,777

TOTAL EXPENSES $329,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$415,508	$341,576	+0.2%
Expenses	$329,625	$244,414	+0.3%
Net Income	$85,883	$97,162	-0.1%

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

$22,700

Total Directors

$22,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD KAVENY	DIRECTOR	1.00	Officer Director	$12,500	$0	$12,500
J TODD MORRISSEY	TREASURER	1.00	Officer Director	$3,600	$0	$3,600
DENIS FLEURANT	VICE PRESIDE	1.00	Officer Director	$3,000	$0	$3,000
JOHN KAVENY	DIRECTOR	1.00	Officer Director	$3,000	$0	$3,000
BRETTE BLETTE	PRESIDENT	1.00	Officer Director	$600	$0	$600
FRANK GEISELMAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
KEVIN HAYDEN	SECRETARY	1.00	Officer Director	$0	$0	$0
CATHY KAVENY	DIRECTOR	1.00	Officer 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	$415,508	$329,625	$759,615	$85,883
2023	$341,576	$244,414	$673,733	$97,162
2018	$158,171	$198,222	$564,878	$-40,051

SHER LE MON SWIM CLUB INC