CHARTER OAK AQUATIC CLUB

EIN: 061001545 501(c)(3)

FARMINGTON, CT

Total Revenue
$202,337
Total Expenses
$247,601
Total Assets
$33,095
Net Assets
$33,095
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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
1978
Legal Domicile
CT
Principal Officer
JILL HOGAN
Phone
8609308278
Tax Period
2023-09-01 to 2024-08-31

CHARTER OAK AQUATIC CLUB, founded in 1978, is a small nonprofit that reported $202K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $248K exceeded revenue, resulting in a 22% operating deficit.

Mission

A COMMUNITY DEDICATED TO MAINTAINING A POSITIVE, STRUCTURED AND BALANCED ENVIRONMENT AS IT SUPPORTS ITS ATHLETE MEMBERS IN THE PURSUIT OF EXCELLENCE IN THE SPORT OF SWIMMING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $202,337
Investment Income $0
Other Revenue $0
TOTAL REVENUE $202,337

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $247,601
Other Expenses $247,601
TOTAL EXPENSES $247,601

Year-over-Year Comparison

2023 2022 Change
Revenue $202,337 $281,642 -0.3%
Expenses $247,601 $257,272 0.0%
Net Income $-45,264 $24,370 -2.9%
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
N/A
Volunteers
4

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE DROUIN VICE PRESIDE N/A
Officer
$0 $0 $0
TRISH GUGLIELMO GENERAL MEMB N/A
Officer
$0 $0 $0
JILL HOGAN PRESIDENT N/A
Officer
$0 $0 $0
ERICA ROBERTSON SECRETARY N/A
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
2024 $202,337 $247,601 $33,095 $-45,264
2023 $281,642 $257,272 $78,359 $24,370
2022 $234,655 $269,059 $53,989 $-34,404
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