USA DIVING INC (EIN 310986868) - 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

1986

Legal Domicile

Principal Officer

LEE MICHAUD

Phone

3172375252

Tax Period

2023-01-01 to 2023-12-31

USA DIVING INC, founded in 1986, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO SUPPORT U.S. OLYMPIC AND PARALYMPIC ATHLETES IN ACHIEVING SUSTAINED COMPETITIVE EXCELLENCE.

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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 $2,902,491

Program Service Revenue $567,883

Investment Income $31,625

Other Revenue $17,609

TOTAL REVENUE $3,519,608

Expense Breakdown

Grants Paid $43,000

Salaries & Benefits $957,677

Fundraising Expenses $274,538

Program Expenses $2,466,810

Other Expenses $2,712,283

TOTAL EXPENSES $3,712,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,519,608	$3,178,286	+0.1%
Expenses	$3,712,960	$3,070,630	+0.2%
Net Income	$-193,352	$107,656	-2.8%

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

$249,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE GASCON	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
DAN EDDINGFIELD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVE FARNSWORTH	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH MORRISON	SECRETARY	1.00	Director	$0	$0	$0
KEVEN ELLISON	MEMBER	1.00	Director	$0	$0	$0
GINAIA KELLY	MEMBER	1.00	Director	$0	$0	$0
PRESTON MCAFEE	MEMBER	1.00	Director	$0	$0	$0
MICHELLE PALMER	MEMBER	1.00	Director	$0	$0	$0
JASON BAUMANN	MEMBER	1.00	Director	$0	$0	$0
LAUREN REEDY	MEMBER	1.00	Director	$0	$0	$0
SAMANTHA PICKENS	MEMBER	1.00	Director	$0	$0	$0
MARK ANDERSON	MEMBER	1.00	Director	$0	$0	$0
BEN BRAMLEY	MEMBER	1.00	Director	$0	$0	$0
STEVEN LOBUE	MEMBER	1.00	Director	$0	$0	$0
LEWIS FELLINGER	MEMBER	1.00	Director	$0	$0	$0
LEE MICHAUD	PRESIDENT	40.00	Officer	$243,150	$6,800	$249,950
LESLIE ADAMS	HIGH PERFORMANCE DIRECTOR	40.00	Highest	$113,500	$3,400	$116,900

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	$3,519,608	$3,712,960	$1,840,923	$-193,352
2022	$3,178,286	$3,070,630	$1,514,096	$107,656
2021	$3,617,166	$2,986,549	$1,487,443	$630,617
2020	$2,177,414	$2,301,572	$811,947	$-124,158
2019	$2,911,076	$3,075,300	$767,660	$-164,224
2018	$2,541,660	$3,261,696	$330,444	$-720,036

USA DIVING INC