NEW JERSEY SWIMMING INC (EIN 311012857) - 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

1981

Legal Domicile

Principal Officer

NICOLE CICALO-DECARO

Phone

7322060700

Tax Period

2024-01-01 to 2024-08-31

NEW JERSEY SWIMMING INC, founded in 1981, is a small nonprofit that reported $315K in total revenue in fiscal year 2024. The organization ran a surplus of $165K, a strong 52% operating margin.

Mission

DEVELOP THE SPORT OF SWIMMING THROUGH LEADERSHIP AND EXCELLENCE. PROVIDE A FORUM FOR ALL SWIMMERS TO ENCOURAGE THEM TO ACHIEVE THEIR GOALS AND ADVANCE TO A HIGHER LEVEL. ENCOURAGE THE DEVELOPMENT OF SPORTSMANSHIP AND LEADERSHIP.

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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 $253,370

Program Service Revenue $36,370

Investment Income $24,846

Other Revenue $0

TOTAL REVENUE $314,586

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $41,534

Fundraising Expenses $0

Program Expenses $115,266

Other Expenses $106,743

TOTAL EXPENSES $149,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,586	$298,038	+0.1%
Expenses	$149,777	$207,047	-0.3%
Net Income	$164,809	$90,991	+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

200

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

$16,234

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN HALL	Treasurer	10.00	Officer	$16,234	$0	$16,234
Ed Dellert	FINANCE CHAIR	0.00	Officer Director	$0	$0	$0
ANDRE STEPHENS	DE&I CHAIR	10.00	Officer Director	$0	$0	$0
NICOLE CICALO-DECARO	GENERAL CHAIR	10.00	Officer Director	$0	$0	$0
DAVID WHITE	AGE GROUP CHAIR	10.00	Officer Director	$0	$0	$0
THOMAS WALSH JR	FINANCE CHAIR	10.00	Officer Director	$0	$0	$0
JON SIEGEL	SR. COACH REP	10.00	Officer Director	$0	$0	$0
ERIC HARSE	ADM. VICE CHAIR	10.00	Officer Director	$0	$0	$0
CORRINA WEINKOVSKY	Secretary	10.00	Officer Director	$0	$0	$0
MEGAHAN DONNELLY	SENIOR VICE CHR	10.00	Officer Director	$0	$0	$0
SANDRA FRANC	JR. COACH REP	10.00	Officer Director	$0	$0	$0
Derek Cheng	SR. ATHLETE REP	0.00	Officer Director	$0	$0	$0
CARMEL MEIR	SR. ATHLETE REP	10.00	Officer Director	$0	$0	$0
OLUWAFEMI OSHODI	JR. ATHLETE REP	10.00	Officer Director	$0	$0	$0
MARLENE CURTIS	SAFE SPOR COORD	10.00	Officer Director	$0	$0	$0
JUDY SHARKEY	AT-LRG NON-ATHL	10.00	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	$314,586	$149,777	$825,711	$164,809
2023	$298,038	$207,047	$822,675	$90,991
2022	$644,875	$806,784	$707,363	$-161,909
2021	$866,958	$916,192	$576,031	$-49,234
2020	$426,721	$715,996	$625,264	$-289,275
2018	$1,004,227	$996,978	$946,083	$7,249

NEW JERSEY SWIMMING INC