TACOMA SWIM CLUB

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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

1970

Legal Domicile

Principal Officer

LAURA LEARNED

Phone

2535304112

Tax Period

2019-01-01 to 2019-12-31

TACOMA SWIM CLUB, founded in 1970, is a small nonprofit that reported $101K in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE THE BEST POSSIBLE COACHING IN A POSITIVE, SUPPORTIVE ENVIRONMENT AS THE DISTINATION SWIM CLUB IN THE SOUTH PUGET SOUND

Program Service Accomplishments

Program 1

Expenses: $19,654 Revenue: $38,886

YEAR ROUND COMPETITIVE SWIMMING TRAINING/PROMOTION AND SWIM MEET COMPETITION AND OPERATIONS RESULTED IN TACOMA SWIM CLUB ATHELETES COMPETING AT AMATEUR, LOCAL AND REGIONAL SWIM MEETS. TACOMA SWIM...

YEAR ROUND COMPETITIVE SWIMMING TRAINING/PROMOTION AND SWIM MEET COMPETITION AND OPERATIONS RESULTED IN TACOMA SWIM CLUB ATHELETES COMPETING AT AMATEUR, LOCAL AND REGIONAL SWIM MEETS. TACOMA SWIM MEET HOSTED 2 SWIM MEETS THIS YEAR PROVIDING SANCTIONED AMATEUR COMPETITION FOR OVER 1000 ATHELETES TO RECEIVE OFFICIAL TIME STANDARDS AND RECOGNITION IN US SWIMMING. TSC'S PARENTS VOLUNTEER TO BE TRAINED AND CERITIFIED AS US SWIMMING OFFICIALS, PROVIDING JUDGES FOR US SWIMMING SANCTIONED MEETS AS WELL AS WA INTERSCHOLASTIC ATHLETIC ASSOCIATION SPONSORED HIGH SCHOOL SWIM MEETS AND THE UNIVERSITY OF PUGET SOUND

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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 (2019)

Revenue Breakdown

Contributions & Grants $61,461

Program Service Revenue $38,866

Investment Income $0

Other Revenue $212

TOTAL REVENUE $100,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,943

Fundraising Expenses $0

Program Expenses $19,654

Other Expenses $46,956

TOTAL EXPENSES $103,899

Year-over-Year Comparison

	2019	2018	Change
Revenue	$100,539	$151,127	-0.3%
Expenses	$103,899	$156,648	-0.3%
Net Income	$-3,360	$-5,521	-0.4%

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

$35,105

Key Employees

$51,809

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH LAWVER	PRESIDENT	4.00	Officer	$0	$0	$0
BETH LATENDRESSE	SECRETARY	4.00	Officer	$0	$0	$0
LAURA LEARNED	TREASURER	4.00	Officer	$0	$0	$0
FRANK CASELLA	HEAD COACH	5.00	Director Key Emp	$35,105	$0	$35,105
JIANNA LINK	ASSISTANT COACH	2.00	Key Emp	$6,497	$0	$6,497
EMMA STATON	ASSISTANT COACH	4.00	Key Emp	$2,765	$0	$2,765
KATELYNN KOENEN	ASSISTANT COACH	4.00	Key Emp	$3,608	$0	$3,608
CATHERINA THOMASSEN	ASSISTANT COACH	4.00	Key Emp	$3,834	$0	$3,834
LEAH EHLIS	BOARD MEMBER	4.00	Director	$0	$0	$0
KELLY NAGATA	BOARD MEMBER	4.00	Director	$0	$0	$0
VERONICA LINK	BOARD MEMBER	4.00	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
2019	$100,539	$103,899	No data	$-3,360