USA 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

2005

Legal Domicile

Principal Officer

Shana Ferguson

Phone

7198664578

Tax Period

2023-01-01 to 2023-12-31

USA Swimming Inc, founded in 2005, is a mid-sized nonprofit in the Recreation & Sports sector that reported $38.5M in total revenue in fiscal year 2023.

Mission

USA SWIMMING PROVIDES PROGRAMS AND SERVICES FOR OUR MEMBERS,SUPPORTERS, AFFILIATES, AND THE INTERESTED PUBLIC. WE VALUE THESE MEMBERS OF THE SWIMMING COMMUNITY, AND THE STAFF AND VOLUNTEERS WHO SERVE THEM. CONTINUED ON SCH O.

Program Service Accomplishments

Program 1

Expenses: $9,757,070

National Team: At the 2023 World Championships the US team won seven gold and 38 total medals, 32 of which came in Olympic events. In addition, the US qualified all their relays for the 2024 Paris...

National Team: At the 2023 World Championships the US team won seven gold and 38 total medals, 32 of which came in Olympic events. In addition, the US qualified all their relays for the 2024 Paris Olympics as well as one female open water swimmer. At the 2023 World Aquatics Junior Championships, the US team won 33 medals setting four championship records and one world junior record. At the Pan American Games USA Swimming athletes won a total of 48 medals including gold in both the men's and women's 10k. Throughout 2023, USA Swimming, sent over 90 athletes to four international competitions providing incredible experience the year before the Olympic Games.

Program 2

Expenses: $4,862,249 Revenue: $4,369,272

Commercial: Business Intelligence and Digital Platforms: 2023 brought the advancement of automated marketing capabilities in Salesforce Marketing Cloud and introduction of the USA Swimming Network...

Commercial: Business Intelligence and Digital Platforms: 2023 brought the advancement of automated marketing capabilities in Salesforce Marketing Cloud and introduction of the USA Swimming Network application. The USA Swimming Network is a new Connected TV and mobile application offering a comprehensive library of digital content from USA Swimming and select swimming content creators. Continued, see Schedule O.

Program 3

Expenses: $4,762,018 Revenue: $593,946

Events: In 2023, USA Swimming hosted multiple major events across many levels of the sport, highlighted by the June Phillips 66 National Championships in Indianapolis, IN and the Toyota U.S. Open in Greensboro, NC in December. Other championship-level events that featured TV and/or live webcast included four TYR Pro Swim Series events, Open Water National Championships, three Speedo Junior National Championships, five Futures Championships, and 22 Speedo Sectional Championships. Continued, see Schedule O.

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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 $8,962,147

Program Service Revenue $29,110,168

Investment Income $541,047

Other Revenue $-152,462

TOTAL REVENUE $38,460,900

Expense Breakdown

Grants Paid $4,474,193

Salaries & Benefits $13,008,355

Fundraising Expenses $290,000

Program Expenses $30,774,400

Other Expenses $23,110,960

TOTAL EXPENSES $40,593,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,460,900	$37,314,499	+0.0%
Expenses	$40,593,508	$47,502,664	-0.1%
Net Income	$-2,132,608	$-10,188,165	-0.8%

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

101

Volunteers

18000

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

$1,640,565

Total Directors

$26,763

Key Employees

$363,677

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Hinchey	President & CEO	35.0	Officer	$895,205	$67,350	$962,555
Shana Ferguson	Chief Commercial Officer	40.0	Key Emp	$311,341	$52,336	$363,677
Eric Skufca	Chief Financial Officer	35.0	Officer	$299,055	$61,937	$360,992
Lindsay Mintenko	National Team	40.0	Highest	$304,750	$55,999	$360,749
Joel Shinofield	Sport Development	40.0	Highest	$290,975	$63,399	$354,374
Michelle Steinfeld	Secretary & General Counsel	40.0	Officer	$281,948	$33,070	$315,018
Michael Meadows	Principal Software Engineer	40.0	Highest	$181,141	$39,940	$221,081
Matthew Lupton	Commerical	40.0	Highest	$160,188	$49,210	$209,398
Elaine Calip	Executive Director, Foundation	0.0	Highest	$162,423	$19,799	$182,222
Bruce Gemmell	Director	8.0	Director	$24,088	$0	$24,088
Kenneth Chung	vice chair fiscal oversight	16.0	Officer Director	$2,000	$0	$2,000
Ashley Twichell Wall	Director	8.0	Director	$675	$0	$675
Christopher Brearton	board chair	32.0	Officer Director	$0	$0	$0
Kathleen Fish	board vice chair(To 09/2023)	8.0	Officer Director	$0	$0	$0
Katy Arris-Wilson	Director	8.0	Director	$0	$0	$0
Anthony Ervin	Director	8.0	Director	$0	$0	$0
Maya Dirado Andrews	Director	8.0	Director	$0	$0	$0
Natalie Coughlin-Hall	Vice Chair	16.0	Officer Director	$0	$0	$0
Clark Hammond	Director	8.0	Director	$0	$0	$0
Ira Klein	Director	8.0	Director	$0	$0	$0
Katie Meili	Director	8.0	Director	$0	$0	$0
Kathleen Prindle	Director	8.0	Director	$0	$0	$0
William Schalz	Director (to 09/2023)	8.0	Director	$0	$0	$0
Sabir Muhammad	Director (from 09/2023)	8.0	Director	$0	$0	$0
Robert Vincent	Director	8.0	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	$38,460,900	$40,593,508	$48,015,601	$-2,132,608
2022	$37,314,499	$47,502,664	$48,102,031	$-10,188,165
2021	$36,995,614	$36,531,692	$60,604,222	$463,922
2020	$33,566,493	$28,928,913	$53,433,219	$4,637,580
2019	$39,067,879	$41,669,180	$51,426,674	$-2,601,301
2018	$37,011,044	$39,131,047	$48,792,129	$-2,120,003