SOUTH SHORE SWIMMING CLUB INC (EIN 131943947) - 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

1950

Legal Domicile

Principal Officer

TRAVIS LAKE

Phone

7183563919

Tax Period

2023-01-01 to 2023-12-31

SOUTH SHORE SWIMMING CLUB INC, founded in 1950, is a small nonprofit that reported $775K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $706K left a modest 9% surplus.

Mission

TO PROMOTE THE HEALTH AND GENERAL WELFARE OF ITS MEMBERS, AND IN PURSUANCE THEREOF TO CONSTRUCT, OWN AND OPERATE A SWIMMING POOL AND OTHER RECREATIONAL FACILITIES, TOGETHER WITH SUCH OBJECTS AS ARE APPROPRIATE IN THE CONDUCT OF ITS ACTIVITIES, IN THE COUNTY OF RICHMOND AND STATE OF NEW YORK, FOR THE EXCLUSIVE USE OF ITS MEMBERS AND OF THEIR FAMILIES AND GUESTS.

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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 $10,860

Program Service Revenue $722,905

Investment Income $25,403

Other Revenue $15,778

TOTAL REVENUE $774,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,025

Fundraising Expenses $0

Program Expenses $649,949

Other Expenses $552,242

TOTAL EXPENSES $706,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$774,946	$660,780	+0.2%
Expenses	$706,267	$737,586	0.0%
Net Income	$68,679	$-76,806	-1.9%

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

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
TRAVIS LAKE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JUSTIN BOYER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
MARY HANSEN	TREASURER	5.00	Officer Director	$0	$0	$0
BARBARA PARKS	TREASURER	5.00	Officer Director	$0	$0	$0
SANDRA ANYON	SECRETARY	5.00	Officer Director	$0	$0	$0
GEORGE STRAHM	FINANCIAL SE	5.00	Director	$0	$0	$0
THOMAS MALLOY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MATTEI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PASSANTE	DIRECTOR	1.00	Director	$0	$0	$0
JENN BUCCHERI	DIRECTOR	1.00	Director	$0	$0	$0
LUCILLE CONROY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SCULLIN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH HOMSEY	DIRECTOR	1.00	Director	$0	$0	$0
DEREK DIESSO	DIRECTOR	1.00	Director	$0	$0	$0
ANNALISA CICCOTTO	DIRECTOR	1.00	Director	$0	$0	$0
NOELLE SANGUINEDO	DIRECTOR	1.00	Director	$0	$0	$0
KEITH LUBAK	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
2024	No data	No data	No data	No data
2023	$774,946	$706,267	$2,159,382	$68,679
2022	$660,780	$737,586	$2,163,608	$-76,806
2021	$628,727	$748,642	$2,234,040	$-119,915
2020	$523,426	$683,171	$2,339,493	$-159,745
2019	$659,356	$634,657	$2,376,319	$24,699
2018	$677,402	$622,274	$2,418,205	$55,128

SOUTH SHORE SWIMMING CLUB INC