WATER RATS PARENTS CLUB INC

EIN: 061368264 501(c)(3) Recreation & Sports

WESTPORT, CT

Total Revenue
$117,791
Total Expenses
$134,268
Total Assets
$253,024
Net Assets
$218,321
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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
1980
Legal Domicile
CT
Principal Officer
CHARLES SHAPIRO
Phone
2032268981
Tax Period
2023-09-01 to 2024-08-31

WATER RATS PARENTS CLUB INC, founded in 1980, is a small nonprofit in the Recreation & Sports sector that reported $118K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $134K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION PROVIDES ADMINISTRATIVE AND FINANCIAL SUPPORT TO PROMOTE GOOD SPORTSMANSHIP, TEAM PARTICPATION, LOYALTY, AND THE DEVELPOMENT OF COMPETETIVE SWIMMING OF 200+ SWIMMERS.

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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 $5,121
Program Service Revenue $112,385
Investment Income $285
Other Revenue $0
TOTAL REVENUE $117,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,300
Program Expenses $124,245
Other Expenses $134,268
TOTAL EXPENSES $134,268

Year-over-Year Comparison

2023 2022 Change
Revenue $117,791 $133,298 -0.1%
Expenses $134,268 $133,932 +0.0%
Net Income $-16,477 $-634 +25.0%
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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Governance

Voting Members
18
Independent Members
18
Employees
N/A
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
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMMETT ADAMS DIRECTOR N/A
Director
$0 $0 $0
ALLISON ARNETT DIRECTOR N/A
Director
$0 $0 $0
JACKIE AUSTIN DIRECTOR N/A
Director
$0 $0 $0
SARAH CORNECK DIRECTOR N/A
Director
$0 $0 $0
SHOWKY KALDAWAY DIRECTOR N/A
Director
$0 $0 $0
RACHEL KUSHEL DIRECTOR N/A
Director
$0 $0 $0
MARK MCDERMOTT DIRECTOR N/A
Director
$0 $0 $0
SHANTHA OZGEN DIRECTOR N/A
Director
$0 $0 $0
WHITNEY ROSS EX-OFFICIO N/A
Director
$0 $0 $0
MELANIE RUGGIERI DIRECTOR N/A
Director
$0 $0 $0
CANDACE TWISS DIRECTOR N/A
Director
$0 $0 $0
AIMEE WHITE-CHARLES DIRECTOR N/A
Director
$0 $0 $0
ADRIENNE WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
MONIKA DEFELICE SECRETARY N/A
Officer
$0 $0 $0
KIMBERLY MASSA CO-TREASURER N/A
Officer
$0 $0 $0
BERKELEY MURRAY CO-PRESIDENT N/A
Officer
$0 $0 $0
CHARLES SHAPIRO CO-PRESIDENT N/A
Officer
$0 $0 $0
DANIEL SLIPPEN CO-TREASURER 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
2025 No data No data No data No data
2024 $117,791 $134,268 $253,024 $-16,477
2023 $133,298 $133,932 $255,650 $-634
2022 $131,553 $99,521 $270,057 $32,032
2021 $31,030 $28,577 $203,946 $2,453
2020 $84,926 $41,069 $201,427 $43,857
2019 $173,108 $138,895 $230,112 $34,213
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