Cohasset Swimming & Recreational Trust (EIN 237089755) - 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

1973

Legal Domicile

Phone

7813836070

Tax Period

2024-01-01 to 2024-12-31

Cohasset Swimming & Recreational Trust, founded in 1973, is a small nonprofit in the Recreation & Sports sector that reported $311K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $832K represent 32 months of operating reserves.

Mission

To provide and maintain a community swimming pool for Cohasset families and individuals. Swimming instruction and competition also provided.

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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 (2024)

Revenue Breakdown

Contributions & Grants $235,175

Program Service Revenue $62,376

Investment Income $13,174

Other Revenue $0

TOTAL REVENUE $310,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,094

Fundraising Expenses $0

Program Expenses $335,760

Other Expenses $202,340

TOTAL EXPENSES $338,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$310,725	$253,146	+0.2%
Expenses	$338,434	$293,521	+0.2%
Net Income	$-27,709	$-40,375	-0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Kearney	Treasurer	4.00	Director	$0	$0	$0
Diana Karcher	President	4.00	Director	$0	$0	$0
Sean Cunning	Director	4.00	Director	$0	$0	$0
Nick Anderson	Director	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
2024	$310,725	$338,434	$1,307,281	$-27,709
2023	$253,146	$293,521	$1,328,917	$-40,375
2022	$478,377	$213,878	$1,354,589	$264,499
2021	$315,789	$192,136	$634,443	$123,653
2019	$219,583	$198,401	$499,123	$21,182
2018	$159,630	$178,754	$425,429	$-19,124

Cohasset Swimming & Recreational Trust