SEACOAST SWIMMING ASSOCIATION (EIN 222485093) - 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

1984

Legal Domicile

Principal Officer

JOCELYN CARROLL

Phone

6037491957

Tax Period

2021-09-01 to 2022-08-31

SEACOAST SWIMMING ASSOCIATION, founded in 1984, is a small nonprofit that reported $333K in total revenue in fiscal year 2021. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

IT IS THE GOAL OF AND PHILOSOPHY OF THE SEACOAST SWIMMING ASSOCATION TO PROVIDE AN ENVIRONMENT FOR EACH INDIVIDUAL ATHLETE TO BE THE BEST HE OR SHE CAN BE, WHETHER AT LOCAL, REGIONAL, NATIONAL OR INTERNATIONAL 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $326,907

Investment Income $19

Other Revenue $6,083

TOTAL REVENUE $333,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,491

Fundraising Expenses $0

Program Expenses $339,062

Other Expenses $225,281

TOTAL EXPENSES $347,772

Year-over-Year Comparison

	2021	2020	Change
Revenue	$333,009	$419,549	-0.2%
Expenses	$347,772	$380,614	-0.1%
Net Income	$-14,763	$38,935	-1.4%

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

$31,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM REEVES	EXECUTIVE DIRECTOR	40.00	Director	$31,245	$0	$31,245
KATHY BUTLER	PRESIDENT	10.00	Officer	$0	$0	$0
JEFFREY GIBSON	CO-VICE PRESIDENT	5.00	Officer	$0	$0	$0
TIMOTHY PAIVA	CO-VICE PRESIDENT	5.00	Officer	$0	$0	$0
DOREEN PAIVA	NON-VOTING - TREASURER	5.00	Officer	$0	$0	$0
PAMELA CARBONE	BOARD MEMBER	12.00	Officer	$0	$0	$0
MAE BURNAP	BOARD MEMBER	12.00	Officer	$0	$0	$0
LINDA LONG	BOARD MEMBER	5.00	Officer	$0	$0	$0
CHELSEY DINWOODIE	BOARD MEMBER	5.00	Officer	$0	$0	$0
CATHERINE WATTERS	BOARD MEMBER	5.00	Officer	$0	$0	$0
JOCELYN CARROLL	NON-VOTING - BOARD MEMBER	5.00	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	$333,009	$347,772	$192,214	$-14,763
2021	$419,549	$380,614	$206,977	$38,935
2020	$270,751	$300,703	$168,027	$-29,952
2019	$371,232	$393,802	$197,746	$-22,570
2018	$465,058	$475,962	$222,011	$-10,904

SEACOAST SWIMMING ASSOCIATION