SOUTH TAMPA AQUATIC TEAM (EIN 264004726) - 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

2009

Legal Domicile

Principal Officer

TODD J HOFFMEIER

Phone

8134931374

Tax Period

2024-01-01 to 2024-12-31

SOUTH TAMPA AQUATIC TEAM, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $370K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $422K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ORGANIZE AMATEUR SWIM TEAMS, TRAIN THE AMATEUR MEMBERS IN TEAMWORK AND INCREASE THEIR ATHLETIC ABILITY TO COMPETE WITH OTHER SWIM ORGANIZATIONS.

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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 $64,998

Program Service Revenue $302,186

Investment Income $2,661

Other Revenue $0

TOTAL REVENUE $369,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,678

Fundraising Expenses $0

Program Expenses $76,227

Other Expenses $163,945

TOTAL EXPENSES $421,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$369,845	$435,498	-0.2%
Expenses	$421,623	$461,291	-0.1%
Net Income	$-51,778	$-25,793	+1.0%

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

N/A

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

$125,554

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TAMMY M HOFFMEIER	Treasurer	Officer	$71,400	$0	$71,400
TODD J HOFFMEIER	President	Officer	$41,000	$0	$41,000
JAMES KINER	Secretary	Officer	$13,154	$0	$13,154

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	$369,845	$421,623	$301,311	$-51,778
2023	$435,498	$461,291	$262,479	$-25,793
2022	$428,497	$384,975	$288,509	$43,522
2021	$520,844	$414,961	$250,371	$105,883
2020	$246,202	$330,251	$171,592	$-84,049
2019	$382,513	$369,521	$220,068	$12,992
2018	$431,931	$461,995	$214,274	$-30,064
2018	$431,931	$455,092	$221,177	$-23,161

SOUTH TAMPA AQUATIC TEAM