STEW LEONARD III WATER SAFETY FD INC

EIN: 223264276 501(c)(3)

NORWALK, CT

Total Revenue
$2,063,618
Total Expenses
$1,683,121
Total Assets
$5,297,214
Net Assets
$3,627,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CT
Principal Officer
STEWART LEONARD JR
Phone
2037506121
Tax Period
2023-01-01 to 2023-12-31

STEW LEONARD III WATER SAFETY FD INC, founded in 1992, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 418% from the prior year, signaling strong growth momentum. The organization ran a surplus of $380K, a strong 18% operating margin.

Mission

THE MISSION OF THE STEW LEONARD III WATER SAFETY FOUNDATION IS TO EDUCATE CHILDREN AND FAMILIES ON WATER SAFETY. THIS IS ACHIEVED THROUGH LEARN TO SWIM GRANTS, PUBLIC AWARENESS CAMPAIGNS, PROVISION OF SWIM LESSONS AT STEWIE THE DUCK SWIM SCHOOL AND OUR AWARD-WINNING CHILDREN'S BOOK ON WATER SAFETY.

Program Service Accomplishments

Program 1
Expenses: $396,875

SUPPORT FOR FREE AND LOW-COST SWIMMING LESSONS FOR CHILDREN IN NEED, WATER SAFETY EDUCATION, AND RELATED ACTIVITIES.

Program 2
Expenses: $1,016,213 Revenue: $695,128

PROVIDE SWIMMING LESSONS THROUGH THE STEWIE THE DUCK SWIM SCHOOL

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $992,031
Program Service Revenue $695,128
Investment Income $77,397
Other Revenue $299,062
TOTAL REVENUE $2,063,618

Expense Breakdown

Grants Paid $385,800
Salaries & Benefits $530,160
Fundraising Expenses $184,120
Program Expenses $1,413,088
Other Expenses $767,161
TOTAL EXPENSES $1,683,121

Year-over-Year Comparison

2023 2022 Change
Revenue $2,063,618 $398,315 +4.2%
Expenses $1,683,121 $323,012 +4.2%
Net Income $380,497 $75,303 +4.1%
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

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Governance

Voting Members
6
Independent Members
1
Employees
63
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEWART J LEONARD JR PRESIDENT 2.00
Officer Director
$0 $0 $0
KIMBERLY KRAL LEONARD SECRETARY 2.00
Officer Director
$0 $0 $0
ROBERT KRAL DIRECTOR 1.00
Director
$0 $0 $0
BLAKE ANN LEONARD DIRECTOR 1.00
Director
$0 $0 $0
CHASE ALEXANDRA LEONARD DIRECTOR 1.00
Director
$0 $0 $0
RYANN LEONARD GROSSBARD DIRECTOR 1.00
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 $2,063,618 $1,683,121 $5,297,214 $380,497
2022 $398,315 $323,012 $3,010,591 $75,303
2021 $391,031 $248,255 $3,599,060 $142,776
2020 $179,261 $71,970 $3,023,540 $107,291
2019 $698,016 $217,033 $2,612,913 $480,983
2018 $154,694 $218,484 $2,132,026 $-63,790
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