FLORIDA SWIMMING INC

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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

1979

Legal Domicile

Principal Officer

MICHAEL BRADY

Phone

3522425145

Tax Period

2025-01-01 to 2025-12-31

FLORIDA SWIMMING INC, founded in 1979, is a small nonprofit in the Recreation & Sports sector that reported $806K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $149K, a strong 18% operating margin.

Mission

FLORIDA SWIMMING SERVES THE COMPETITIVE SWIMMING COMMUNITY BY PROVIDING AN ENVIRONMENT WHERE OUR MEMBERS CAN ACHIEVE THEIR GREATEST DREAMS, IN AND OUT OF THE POOL.

Program Service Accomplishments

Program 1

Expenses: $533,406 Revenue: $443,596

FLORIDA SWIMMING SHALL BE THE EDUCATION, INSTRUCTION AND TRAINING OF INDIVIDUALS TO DEVELOP AND IMPROVE THEIR CAPABILITIES IN THE SPORT OF SWIMMING. FLORIDA SWIMMING SHALL PROMOTE SWIMMING FOR THE...

FLORIDA SWIMMING SHALL BE THE EDUCATION, INSTRUCTION AND TRAINING OF INDIVIDUALS TO DEVELOP AND IMPROVE THEIR CAPABILITIES IN THE SPORT OF SWIMMING. FLORIDA SWIMMING SHALL PROMOTE SWIMMING FOR THE BENEFIT OF SWIMMERS OF ALL AGES AND ABILITIES, IN ACCORDANCE WITH THE STANDARDS, RULES, REGULATIONS, POLICIES AND PROCEDURES OF WORLD AQUATICS, USA SWIMMING, AND FLORIDA SWIMMING AND ITS ARTICLES OF INCORPORATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $320,934

Program Service Revenue $443,596

Investment Income $41,161

Other Revenue $0

TOTAL REVENUE $805,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,188

Fundraising Expenses $0

Program Expenses $533,406

Other Expenses $351,039

TOTAL EXPENSES $656,905

Year-over-Year Comparison

	2025	2024	Change
Revenue	$805,691	$721,430	+0.1%
Expenses	$656,905	$694,690	-0.1%
Net Income	$148,786	$26,740	+4.6%

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

Volunteers

500

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

$100,730

Total Directors

$32,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT EWALD	GENERAL CHAIRMAN	5.00	Officer Director	$0	$0	$0
KEVIN MILAK	ADMINISTRATIVE VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN HULVEY	SENIOR VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN BRUENNING	AGE GROUP VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLIE ROSE	SECRETARY	5.00	Officer Director	$0	$0	$0
MIKE BRADY	FINANCE VICE-CHAIRMAN	5.00	Officer Director	$0	$0	$0
KYLE GOLLER	TECHNICAL PLANNING CHAIRMAN	1.00	Director	$0	$0	$0
KRISTEN FOLEY	COACH REPRESENTATIVE	1.00	Director	$0	$0	$0
CHRIS DALY	SAFE SPORT CHAIRMAN	1.00	Director	$0	$0	$0
JAMIE PETERKIN	OPEN WATER CHAIRMAN	1.00	Director	$0	$0	$0
GARY SANDERSON	OFFICIALS CHAIRMAN	1.00	Director	$0	$0	$0
ANA PIZARRO	DIVERSITY, EQUITY & INCLUSION	1.00	Director	$0	$0	$0
ELLEN EARLEY	TREASURER	40.00	Officer Director	$32,040	$0	$32,040
COLLIN MAGNUS	SENIOR ATHLETE REPRESENTATIVE	1.00	Director	$0	$0	$0
NATASHA GOODWIN	JUNIOR ATHLETE REPRESENTATIVE	1.00	Director	$0	$0	$0
SIENA BARRE	DIRECTOR - ATHLETE BOD	1.00	Director	$0	$0	$0
SIDNEY STROMBERG	DIRECTOR - ATHLETE BOD	1.00	Director	$0	$0	$0
PAYTON BALSEIRO	DIRECTOR - ATHLETE BOD	1.00	Director	$0	$0	$0
HENRY CARLISLE	DIRECTOR - ATHLETE BOD	1.00	Director	$0	$0	$0
WILLIAM SHOESMITH	DIRECTOR - ATHLETE BOD	1.00	Director	$0	$0	$0
GUS CALADO	AREA 1 REPRESENTATIVE	1.00	Director	$0	$0	$0
BRENNAN GRAVLEY	AREA 1 REPRESENTATIVE	1.00	Director	$0	$0	$0
GEORGE MATHIS	AREA 2 REPRESENTATIVE	1.00	Director	$0	$0	$0
CLAY PARNELL	AREA 2 REPRESENTATIVE	1.00	Director	$0	$0	$0
FRED LEWIS	AREA 3 REPRESENTATIVE	1.00	Director	$0	$0	$0
ALEXIS MENDENHALL	AREA 3 REPRESENTATIVE	1.00	Director	$0	$0	$0
NATHAN DEAN	AREA 3 REPRESENTATIVE	1.00	Director	$0	$0	$0
CHRIS GEORGE	AREA 4 REPRESENTATIVE	1.00	Director	$0	$0	$0
LEONARD KRAUS	AREA 4 REPRESENTATIVE	1.00	Director	$0	$0	$0
JEANNE EPPS	AREA 5 REPRESENTATIVE	1.00	Director	$0	$0	$0
JR WHALEY	AREA 5 REPRESENTATIVE	1.00	Director	$0	$0	$0
MANNY NOGUCHI	AREA 6 REPRESENTATIVE	1.00	Director	$0	$0	$0
JOHN WALSH	AREA 6 REPRESENTATIVE	1.00	Director	$0	$0	$0
VANESSA BREWER	EXECUTIVE DIRECTOR	40.00	Officer	$68,690	$0	$68,690

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
2025	$805,691	$656,905	$1,277,393	$148,786
2024	$721,430	$694,690	$1,078,797	$26,740
2023	$705,465	$634,648	$1,020,422	$70,817
2022	$962,821	$1,041,736	$887,950	$-78,915
2021	$1,492,508	$1,309,085	$982,345	$183,423
2020	$956,717	$980,992	$820,319	$-24,275
2019	$1,323,815	$1,258,264	$829,526	$65,551
2018	$1,336,504	$1,383,402	$757,827	$-46,898