RACE SWAMI (EIN 274648408) - 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

2011

Legal Domicile

Principal Officer

MATT FINNIGAN

Phone

8012054881

Tax Period

2023-01-01 to 2023-12-31

RACE SWAMI, founded in 2011, is a small nonprofit that reported $178K in total revenue in fiscal year 2023.

Mission

RACE SWAMI EXISTS TO EMPOWER YOUTH TO BE CHAMPIONS IN AND OUT OF THE WATER FOR A LIFETIME. WE PROVIDE OPPORTUNITIES IN SWIMMING FOR UNDERSERVED YOUTH FROM THE WEST SIDE OF SALT LAKE CITY. OUT GOAL IS TO DEVELOP OUR PARTICIPANTS PHYSICAL AND MENTAL HEALTH IN A FUN AND UNIQUE ENVIRONMENT, DEEPLY ROOTED IN SEFLT-DISCIPLINE, TEAMWORK, AND WHOLE-BODY AWAREMENSS. AT THE SAME, WE VALUE AND WELCOME THE RICH CULTURAL KNOWLEDGE AND EXPERIENCES OF THE YOUTH AND COMMUNITIES WE SERVE. RACE SWAMI IS A 501 (C) (3) NON PROFIT CLUB SERVICE THE ROSE PARK, GLENDALE AND NEIGHBORING COMMUNITIES OF SALT LAKE CITY'S WEST SIDE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $158,364

Program Service Revenue $19,998

Investment Income $37

Other Revenue $0

TOTAL REVENUE $178,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,773

Fundraising Expenses $18,086

Program Expenses $150,200

Other Expenses $64,826

TOTAL EXPENSES $187,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,399	$185,377	0.0%
Expenses	$187,599	$222,725	-0.2%
Net Income	$-9,200	$-37,348	-0.8%

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

$54,167

Total Directors

$54,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT FINNIGAN	EXECUTIVE DI	40.00	Officer Director	$54,167	$0	$54,167
JILL DAHLE BENNETT	DIRECTOR	0.25	Director	$0	$0	$0
PAM CHAMBERLAIN	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
SHEILA DIXON	BOARD PRESID	0.25	Officer Director	$0	$0	$0
JORGE FIERRO	DIRECTOR	0.25	Director	$0	$0	$0
GRADY JOHNSON	TREASURER	0.25	Officer Director	$0	$0	$0
NONA RICHARDSON	DIRECTOR	0.25	Director	$0	$0	$0
ANGIE HARRIS ROBERTS	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$178,399	$187,599	$38,542	$-9,200
2022	$185,377	$222,725	$49,037	$-37,348
2021	$203,698	$223,467	$87,503	$-19,769
2020	$215,800	$196,279	$123,937	$19,521
2019	$249,338	$244,950	$84,894	$4,388
2018	$216,173	$236,534	$97,818	$-20,361

RACE SWAMI