WESTWOOD SWIMMING ASSN INC

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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

1957

Legal Domicile

Principal Officer

John Collins

Phone

9147694577

Tax Period

2025-01-01 to 2025-12-31

WESTWOOD SWIMMING ASSN INC, founded in 1957, is a small nonprofit in the Recreation & Sports sector that reported $478K in total revenue in fiscal year 2025.

Mission

The organization's mission is to provide an affordable summer swim and tennis club for the member owners and their families.

Program Service Accomplishments

Program 1

The organization opened the pool for its members for the 2025 season.

Program 2

The organization operated its Swim and Dive team the pool for the 2025 season.

Program 3

The organization provided tennis activities for its membership.

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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 (2025)

Revenue Breakdown

Contributions & Grants $336,193

Program Service Revenue $0

Investment Income $9

Other Revenue $141,936

TOTAL REVENUE $478,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,342

Fundraising Expenses $0

Program Expenses $0

Other Expenses $320,696

TOTAL EXPENSES $511,038

Year-over-Year Comparison

	2025	2024	Change
Revenue	$478,138	$495,911	0.0%
Expenses	$511,038	$464,408	+0.1%
Net Income	$-32,900	$31,503	-2.0%

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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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Briggs	Member	1	Director	$0	$0	$0
Diane Vasso	Membership Co-Chair	2	Director	$0	$0	$0
Steve Vettorino	Vice President	3	Officer Director	$0	$0	$0
John Collins	Treasurer	20	Officer Director	$0	$0	$0
Linda Palumbo	President	10	Officer Director	$0	$0	$0
Pasquale Palumbo	Operations Chair	2	Officer Director	$0	$0	$0
Laurene Spiteri	Secretary	20	Officer Director	$0	$0	$0
Robert Peeples	Grounds Chair	1	Director	$0	$0	$0
Allan Gosdin	Member	1	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	$478,138	$511,038	$569,627	$-32,900
2024	No data	No data	No data	No data
2023	$491,853	$491,828	$571,024	$25
2022	$471,238	$463,165	$570,999	$8,073
2021	$471,819	$510,317	$562,551	$-38,498
2020	$286,262	$277,516	$601,049	$8,746