SWIM WITH HEART (EIN 273650348) - 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

2010

Legal Domicile

Phone

3106252974

Tax Period

2024-01-01 to 2024-12-31

SWIM WITH HEART, founded in 2010, is a small nonprofit in the Human Services sector that reported $324K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

SWIM WITH HEART IS A NON-PROFIT ORGANIZATION THAT OFFERS YEAR-ROUND SWIM INSTRUCTION AND COMPETITIVE SWIM TEAM TRAINING TO RESIDENTS OF SANTA MONICA AND SURROUNDING AREAS WITH A FOCUS ON PERSONAL CONNECTION AND THE IMPORTANCE OF HAVING FUN.

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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 $323,689

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $323,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,786

Fundraising Expenses $0

Program Expenses $255,843

Other Expenses $155,476

TOTAL EXPENSES $315,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,689	$281,236	+0.2%
Expenses	$315,262	$306,665	+0.0%
Net Income	$8,427	$-25,429	-1.3%

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

N/A

Independent Members

N/A

Employees

N/A

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
MICHAEL FLAHERTY	EXECUTIVE DIRECTOR	40.00	Officer 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	$323,689	$315,262	$120,349	$8,427
2023	$281,236	$306,665	$113,299	$-25,429

SWIM WITH HEART