Schenectady Swim Club (EIN 141634953) - 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

1989

Legal Domicile

Phone

6315532982

Tax Period

2024-01-01 to 2024-12-31

Schenectady Swim Club, founded in 1989, is a small nonprofit in the Recreation & Sports sector that reported $504K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $485K left a modest 4% surplus.

Mission

To develop amateur, ages 6-18, swimmers' skills to prepare for competition

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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 $35,307

Program Service Revenue $463,727

Investment Income $5,281

Other Revenue $0

TOTAL REVENUE $504,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,775

Fundraising Expenses $8,013

Program Expenses $454,401

Other Expenses $259,186

TOTAL EXPENSES $484,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$504,315	$396,421	+0.3%
Expenses	$484,961	$399,410	+0.2%
Net Income	$19,354	$-2,989	-7.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerome Adams	Head Coach	40.00		$105,065	$10,160	$115,225
Kathleen Sellnow	President	5.00	Officer Director	$0	$0	$0
Jarrett O'Donnell	Vice President	1.00	Officer Director	$0	$0	$0
Abby Moynahan	Secretary	2.00	Officer Director	$0	$0	$0
Elizabeth Hastings	Treasurer	3.00	Officer Director	$0	$0	$0
Chris Konner	Board Member	1.00	Director	$0	$0	$0
Heather Swiecicki	Board Member	1.00	Director	$0	$0	$0
Amanda Ricketts	Board Member	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	$504,315	$484,961	$373,816	$19,354
2023	$396,421	$399,410	$345,030	$-2,989
2022	$451,574	$418,330	$348,488	$33,244
2021	$462,856	$345,297	$312,925	$117,559
2020	$208,055	$297,023	$192,019	$-88,968
2019	$371,549	$367,588	$277,910	$3,961
2018	$390,533	$347,215	$273,949	$43,318

Schenectady Swim Club