LONG ISLAND SWIMMING LTD (EIN 113230107) - 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

2003

Legal Domicile

Phone

5163788467

Tax Period

2023-10-01 to 2024-09-30

LONG ISLAND SWIMMING LTD, founded in 2003, is a community nonprofit in the Recreation & Sports sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 4% surplus.

Mission

TEACHING SUCCESS AT EVERY LEVEL FROM BEGINNER TO OLYMPIAN.

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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 $31,286

Program Service Revenue $3,741,403

Investment Income $95,731

Other Revenue $0

TOTAL REVENUE $3,868,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,036,619

Other Expenses $3,718,472

TOTAL EXPENSES $3,718,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,868,420	$3,371,359	+0.1%
Expenses	$3,718,472	$3,624,195	+0.0%
Net Income	$149,948	$-252,836	-1.6%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVE FERRIS	President	Officer Director	$0	$0	$0
VIRGINA NUSSBAUM	Treasurer	Officer Director	$0	$0	$0
EVAN KAPLAN	Chairman	Director	$0	$0	$0
DAN DEMARCO	BOARD MEMBER	Director	$0	$0	$0
JESSICA GALLO FOSCHI	BOARD MEMBER	Director	$0	$0	$0
CHRISTOPHER STEELE	BOARD MEMBER	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	$3,868,420	$3,718,472	$5,263,406	$149,948
2023	$3,371,359	$3,624,195	$5,089,850	$-252,836
2022	$2,981,330	$2,822,700	$5,786,299	$158,630
2021	$2,346,858	$2,346,299	$4,083,285	$559
2020	$2,248,168	$1,905,724	$4,038,367	$342,444
2019	$2,653,159	$2,395,430	$4,028,111	$257,729
2018	$2,564,718	$2,503,722	$3,627,207	$60,996

LONG ISLAND SWIMMING LTD