FLORIDA GOLD COAST SWIMMING INC (EIN 311012803) - 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

1980

Legal Domicile

Principal Officer

RICHARD CAVANAH

Phone

5617927261

Tax Period

2023-01-01 to 2023-12-31

FLORIDA GOLD COAST SWIMMING INC, founded in 1980, is a small nonprofit that reported $352K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 40% operating margin.

Mission

AMATEUR ATHLETIC SWIMMING EVENTS

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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 $0

Program Service Revenue $308,359

Investment Income $43,096

Other Revenue $135

TOTAL REVENUE $351,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $174,051

Other Expenses $212,402

TOTAL EXPENSES $212,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,590	$282,643	+0.2%
Expenses	$212,402	$207,985	+0.0%
Net Income	$139,188	$74,658	+0.9%

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

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

$26,500

Total Directors

$26,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER GIBSON	CHAIRMAN	2.00	Officer Director	$1,500	$0	$1,500
RICHARD CAVANAH	VICE CHAIRMAN	8.00	Officer Director	$25,000	$0	$25,000
LORI BOSCO	SECRETARY	2.00	Officer Director	$0	$0	$0
ALF AGUIRRE	DIRECTOR	2.00	Officer Director	$0	$0	$0
CHRISTOPHER ANDERSON	DIRECTOR	2.00	Officer Director	$0	$0	$0
ELIZABETH KERSHAW	DIRECTOR	2.00	Officer Director	$0	$0	$0
KATHLEEN PRINDLE	DIRECTOR	2.00	Officer Director	$0	$0	$0
GORDON ANDREWS	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$351,590	$212,402	$1,165,917	$139,188
2022	$282,643	$207,985	$1,029,357	$74,658
2021	$183,469	$172,357	$1,018,301	$11,112
2020	$206,494	$149,874	$978,221	$56,620
2019	$289,796	$230,116	$919,055	$59,680

FLORIDA GOLD COAST SWIMMING INC