USA SWIMMING INC - ADIRONDACK - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

DEBBIE ERICKSON

Phone

5188695434

Tax Period

2021-09-01 to 2022-08-31

USA SWIMMING INC - ADIRONDACK, founded in 1981, is a small nonprofit that reported $192K in total revenue in fiscal year 2021. Revenue surged 153% from the prior year, signaling strong growth momentum. Expenses of $185K left a modest 4% surplus.

Mission

ATHLETES ARE OUR FOCUS. PROVIDING OPPORTUNITIES TO SUCCEED IN LIFE THROUGH SWIMMING IS OUR PASSION.

Program Service Accomplishments

Program 1

Expenses: $152,325

PROVIDE FUNDING FOR PROGRAMS, SERVICES AND FEES TO USA SWIMMING FOR INSURANCE, TRAINING AND SAFETY PROGRAMS.

Program 2

Expenses: $15,500 Revenue: $26,736

PROVIDE TRAVEL ASSISTANCE TO ATHLETES TO REGIONAL AND NATIONAL COMPETITIONS.

Program 3

Expenses: $2,005

AWARDS AND SCHOLARSHIPS PROVIDED TO ATHLETES IN ACCORDANCE WITH PROGRAM GUIDELINES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $163,470

Program Service Revenue $26,736

Investment Income $67

Other Revenue $2,200

TOTAL REVENUE $192,473

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $7,568

Fundraising Expenses $0

Program Expenses $175,754

Other Expenses $16,241

TOTAL EXPENSES $185,044

Year-over-Year Comparison

	2021	2020	Change
Revenue	$192,473	$76,081	+1.5%
Expenses	$185,044	$101,712	+0.8%
Net Income	$7,429	$-25,631	-1.3%

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

100

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

$7,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN CARON	SAFE SPORT COORDINATOR	2.00	Director	$0	$0	$0
DON LIPKIN	GENERAL CHAIR	4.00	Director	$0	$0	$0
JEROME ADAMS	COACH REP	8.00	Director	$0	$0	$0
CHUCK DUNHAM	SR. VICE CHAIR	2.00	Director	$0	$0	$0
PENNY SORBELLO	SECRETARY	2.00	Director	$0	$0	$0
DEBBIE ERICKSON	FINANCE VICE CHAIR	3.00	Director	$0	$0	$0
ADAM HERSHBERG	REGISTRATION CHAIR	3.00	Director	$1,750	$0	$1,750
ROSSI MADONNADO	DIVERSITY & INCLUSION CHAI	2.00	Director	$0	$0	$0
ANDRE PARADIS	TECH PLANNING	2.00	Director	$0	$0	$0
JENNIFER DIXON	AGE GROUP CHAIR	2.00	Director	$0	$0	$0
DAN TASKI	OPERATIONAL RISK	2.00	Director	$0	$0	$0
JOANN FAUCETT	OFFICIAL CHAIR	2.00	Director	$0	$0	$0
BILL FAUCETT	SANCTION CHAIR	2.00	Director	$5,250	$0	$5,250
CAITLIN CHO	SENIOR ATHLETE REPRESENTATIVE	1.00	Director	$0	$0	$0
ABBIE SELLNOW	SENIOR ATHLETE MEMBER AT LARGE	1.00	Director	$0	$0	$0
MARCO GREICO	ADMINISTRATIVE VICE-CHAIR	2.00	Director	$0	$0	$0
KATIE FERREIRA	JUNIOR ATHLETE REPRESENTATIVE	2.00	Director	$0	$0	$0
JENNA HART	JUNIOR ATHLETE MEMBER	1.00	Director	$0	$0	$0
JILLIAN GALE	TREASURER	1.00	Officer	$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
2022	$192,473	$185,044	$397,379	$7,429
2020	$76,081	$101,712	$405,595	$-25,631
2019	$250,147	$238,660	$431,226	$11,487
2018	$250,652	$232,663	$419,739	$17,989

USA SWIMMING INC - ADIRONDACK