BAY RIDGE AQUATICS INSTITUTE INC (EIN 113450266) - 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

1998

Legal Domicile

Principal Officer

CHARLES FIORE

Phone

7187489666

Tax Period

2024-11-01 to 2025-10-31

BAY RIDGE AQUATICS INSTITUTE INC, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $435K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $395K left a modest 9% surplus.

Mission

PUBLIC SAFETY AND EDUCATION BAY RIDGE AQUATICS INSTITUTE SPONSORS SEVERAL COMMUNITY ACTIVITIES SUCH AS PROVIDING A SAFE AND CLEAN ENVIRONMENT IN WHICH BOTH ADULT AND CHILDREN CAN LEARN TO SWIM.

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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 $429,312

Investment Income $5,250

Other Revenue $0

TOTAL REVENUE $434,562

Expense Breakdown

Grants Paid $100

Salaries & Benefits $273,938

Fundraising Expenses $0

Program Expenses $284,995

Other Expenses $121,386

TOTAL EXPENSES $395,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,562	$398,298	+0.1%
Expenses	$395,424	$324,642	+0.2%
Net Income	$39,138	$73,656	-0.5%

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

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

$34,833

Total Directors

$34,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES FIORE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MANFRED FRITSCH	TREASURER	12.00	Officer Director	$34,833	$0	$34,833
ESME ELISSON	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES BOULBOL	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH LANGAMAN	DIRECTOR	1.00	Director	$0	$0	$0
HON LAI	DIRECTOR	1.00	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
2025	$434,562	$395,424	$296,343	$39,138
2024	$398,298	$324,642	$257,976	$73,656
2023	$369,612	$281,358	$182,987	$88,254
2022	$272,096	$271,020	$81,601	$1,076
2021	$56,774	$23,479	$78,811	$33,295
2020	$29,718	$130,544	$45,320	$-100,826
2019	$382,745	$332,874	$123,304	$49,871
2018	$57,880	$116,131	$63,268	$-58,251

BAY RIDGE AQUATICS INSTITUTE INC