MIDDLETOWN SWIM CLUB INC (EIN 231518264) - 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

1958

Legal Domicile

Principal Officer

BETH MILLER LOPEZ

Tax Period

2023-01-01 to 2023-12-31

MIDDLETOWN SWIM CLUB INC, founded in 1958, is a small nonprofit that reported $138K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $188K exceeded revenue, resulting in a 36% operating deficit.

Mission

OPERATED A PRIVATE SWIM CLUB 4 MONTHS PER YEAR ONLY OPEN TO CLUB MEMBERSHIP.

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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 $12,017

Program Service Revenue $116,725

Investment Income $42

Other Revenue $9,191

TOTAL REVENUE $137,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,220

Fundraising Expenses $0

Other Expenses $120,612

TOTAL EXPENSES $187,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,975	$189,270	-0.3%
Expenses	$187,832	$186,634	+0.0%
Net Income	$-49,857	$2,636	-19.9%

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
STEPHANIE CRATER	TRES	N/A	Officer Director	$0	$0	$0
JEFF HOCK	BOARD MEMBER	N/A	Director	$0	$0	$0
BETH MILLER LOPEZ	PRESIDENT	N/A	Officer Director	$0	$0	$0
JIM LOPEZ	BOARD MEMBER	N/A	Director	$0	$0	$0
DALE PHILLIP	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK SHIPKOWKSI	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SCOTT SPANGLER	BOARD MEMBER	N/A	Director	$0	$0	$0
JUSTIN SMITH	SECRETARY	N/A	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
2023	$137,975	$187,832	$48,895	$-49,857

MIDDLETOWN SWIM CLUB INC