COVERED BRIDGE SWIM CLUB INC (EIN 210728329) - 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

1960

Legal Domicile

Phone

6095024821

Tax Period

2023-04-01 to 2024-03-31

COVERED BRIDGE SWIM CLUB INC, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $323K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $376K exceeded revenue, resulting in a 16% operating deficit.

Mission

NEIGHBORHOOD SWIM CLUB PROVIDING RECREATIONAL SERVICES TO APPROXIMATELY 300 FAMILIES.

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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 $287,530

Program Service Revenue $30,579

Investment Income $0

Other Revenue $4,913

TOTAL REVENUE $323,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,427

Fundraising Expenses $0

Other Expenses $232,670

TOTAL EXPENSES $376,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,022	$515,531	-0.4%
Expenses	$376,097	$308,407	+0.2%
Net Income	$-53,075	$207,124	-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

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
ROBERT HENNEFER	PRESIDENT	N/A	Officer Director	$0	$0	$0
ANGELA SMITH	VICE PRESIDENT	N/A	Officer Director	$0	$0	$0
STEVE HUTCHINSON	TREASURER	N/A	Officer Director	$0	$0	$0
LINDSAY KEHAN	SECRETARY	N/A	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
2025	No data	No data	No data	No data
2024	$323,022	$376,097	$1,028,996	$-53,075
2023	$515,531	$308,407	$1,090,556	$207,124
2022	$390,345	$251,672	$891,536	$138,673
2021	$179,250	$174,870	$784,389	$4,380
2020	$244,216	$207,994	$800,601	$36,222
2019	$272,040	$358,065	$764,418	$-86,025

COVERED BRIDGE SWIM CLUB INC