DREXEL SWIM CLUB INC

EIN: 231585002

Broomall, PA

Total Revenue
$137,474
Total Expenses
$168,539
Total Assets
$15,281
Net Assets
$-137,719
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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
PA
Principal Officer
NICHOLAS VOIGHT
Phone
6105431199
Tax Period
2023-11-01 to 2024-10-31

DREXEL SWIM CLUB INC, founded in 1960, is a small nonprofit that reported $137K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $169K exceeded revenue, resulting in a 23% operating deficit.

Mission

SWIM CLUB

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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 $111,754
Program Service Revenue $25,720
Investment Income $0
Other Revenue $0
TOTAL REVENUE $137,474

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,733
Fundraising Expenses $0
Other Expenses $94,806
TOTAL EXPENSES $168,539

Year-over-Year Comparison

2023 2022 Change
Revenue $137,474 $176,614 -0.2%
Expenses $168,539 $297,538 -0.4%
Net Income $-31,065 $-120,924 -0.7%
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
9
Independent Members
9
Employees
29
Volunteers
50

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS VOIGHT PRESIDENT 20.00
Officer
$0 $0 $0
SARAH HALLEY TREASURER 20.00
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
2024 $137,474 $168,539 $15,281 $-31,065
2023 $176,614 $297,538 $14,977 $-120,924
2022 $96,972 $93,406 $10,901 $3,566
2021 $146,684 $159,012 $7,335 $-12,328
2020 $125,300 $126,749 $19,662 $-1,449
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