FRIENDS OF ROCKBRIDGE SWIMMING 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

2004

Legal Domicile

Principal Officer

DAVID MAYERSKY

Phone

5404643663

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF ROCKBRIDGE SWIMMING INC, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $348K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $322K left a modest 7% surplus.

Mission

THE MISSION OF FRIENDS OF ROCKBRIDGE SWIMMING IS TO PROVIDE EDUCATIONAL OPPORTUNITIES AND SUPPORT FOR YOUTH, HIGH SCHOOL, AND ADULT SWIM TEAMS AS WELL AS FITNESS AND THERAPY SWIMMING FOR ALL IN THE ROCKBRIDGE COUNTY REGION.

Program Service Accomplishments

Program 1

Expenses: $232,905 Revenue: $154,496

AVAILABILITY OF YEAR-ROUND SWIMMING: WE ENABLE OUR COMMUNITY TO HAVE YEAR-ROUND SWIMMING OPPORTUNITIES BY SUPPORTING THE MAINTENANCE & OPERATION OF A COMMUNITY POOL (INCLUDING TRAINING OF LIFEGUARDS).

Program 2

Expenses: $5,264 Revenue: $9,527

SWIM LESSONS: WE ENABLE INDIVIDUALS IN OUR COMMUNITY TO HAVE THE OPPORTUNITY TO TAKE GROUP SWIM LESSONS BY PROVIDING SWIM INSTRUCTORS AND COVERING ANY FACILITY USE FEES.

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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 $162,867

Program Service Revenue $163,423

Investment Income $912

Other Revenue $20,491

TOTAL REVENUE $347,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,393

Fundraising Expenses $10,520

Program Expenses $238,169

Other Expenses $112,091

TOTAL EXPENSES $322,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,693	$313,820	+0.1%
Expenses	$322,484	$306,634	+0.1%
Net Income	$25,209	$7,186	+2.5%

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

N/A

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
ANITA GIVENS	PRESIDENT	3.00	Officer Director	$0	$0	$0
SHANNON DRYDEN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID MAYERSKY	TREASURER	3.00	Officer Director	$0	$0	$0
JOE BORZELLECA	DIRECTOR	3.00	Director	$0	$0	$0
IRENE TOWNSEND	DIRECTOR	3.00	Director	$0	$0	$0
TUCK BOWERFIND	DIRECTOR	3.00	Director	$0	$0	$0
KACIE D'ALESSANDRO	DIRECTOR	3.00	Director	$0	$0	$0
LENNY BRUNO	DIRECTOR	3.00	Director	$0	$0	$0
RUTH KITCHEN	SECRETARY	3.00	Officer 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	$347,693	$322,484	$393,872	$25,209
2022	$313,820	$306,634	$368,180	$7,186
2021	$306,711	$263,113	$359,575	$43,598
2020	$425,656	$201,102	$316,741	$224,554
2019	$195,743	$175,154	$91,811	$20,589