SHARKS SWIM TEAM (EIN 300700351) - 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

Phone

9255507763

Tax Period

2024-01-01 to 2024-12-31

SHARKS SWIM TEAM, founded in 2011, is a small nonprofit that reported $230K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $272K exceeded revenue, resulting in a 18% operating deficit.

Mission

SHARKS SWIM TEAM IS ORGANIZED TO PROVIDE A HIGH QUALITY COMPETITIVE SWIM TEAM TO PROVIDE SWIMMERS WITH THE OPPORTUNITY TO LEARN THE VALUES OF TEAMWORK, COMMITTMENT, AND DEDICATION TO THE TASK OF ACCOMPLISHING INDIVIDUAL AND TEAM GOALS AND OBJECTIVES.

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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 $63,108

Program Service Revenue $166,883

Investment Income $0

Other Revenue $0

TOTAL REVENUE $229,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $266,748

Other Expenses $271,677

TOTAL EXPENSES $271,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,991	$408,586	-0.4%
Expenses	$271,677	$336,305	-0.2%
Net Income	$-41,686	$72,281	-1.6%

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

N/A

Volunteers

120

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
ALEXANDRA LEE	President	5.00	Officer Director	$0	$0	$0
GINA FERGUSON	Treasurer	5.00	Officer Director	$0	$0	$0
MANOJ GUPTA	Secretary	5.00	Officer Director	$0	$0	$0
BEN MELLOTT	SOCIAL DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH NATINA	HEAD COACH	5.00	Director	$0	$0	$0
IAIN SEARLE	MEET DIRECTOR	5.00	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	$229,991	$271,677	$86,997	$-41,686
2023	$408,586	$336,305	$147,524	$72,281

SHARKS SWIM TEAM