LOUISVILLE SEAHAWKS 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

1982

Legal Domicile

Principal Officer

KORTNEY RYAN

Phone

5024514333

Tax Period

2024-09-01 to 2025-08-31

LOUISVILLE SEAHAWKS INC, founded in 1982, is a community nonprofit in the Recreation & Sports sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 10% surplus.

Mission

THE LOUISVILLE SEAHAWKS, INC. HAS BEEN A SWIM PROGRAM DEDICATED TO TEACHING CHILDREN COMPETETIVE SWIMMING AND INSTILLING A PASSION FOR THE SPORT OF SWIMMING. WE EMPHASIZE SPORTSMANSHIP, INTEGRITY AND COMMITMENT WHILE HELPING YOUNGER SWIMMERS SET AND ACHIEVE GOALS. OUR SWIMMERS COMPETE ON THE LOCAL, REGIONAL AND NATIONAL LEVELS, WITH SOME PARTICIPATING IN THE US OLYMPIC TRIALS AND OTHER WORLD CHAMPIONSHIP EVENTS.

Program Service Accomplishments

Program 1

Expenses: $1,318,810 Revenue: $1,505,444

THE LAKESIDE SEAHAWKS SWIM TEAM CONTINUES ITS COMMITMENT TO COMPETETIVE SWIMMING EXCELLENCE. THROUGH THE DEDICATION AND HARD WORK OF PROFESSIONAL STAFF AND PARENT VOLUNTEERS, WE PROVIDE A HEALTHY AND MOTIVATING ENVIRONMENT IN WHICH OUR SWIMMERS DEVELOP TO THEIR FULLEST POTENTIAL IN BOTH ATHLETIC COMPETITION AND PERSONAL GROWTH. WE HAVE COMPLETED ANOTHER YEAR WHERE OUR SWIMMERS HAVE REALIZED SUCCESS AT EVERY LEVEL. OUR TEAM IS COMPOSED SWIMMERS WHO HAVE EARNED COLLEGE SCHOLARSHIPS AND OTHER RECOGNITIONS THROUGH THEIR EFFORTS AND THAT OF OUR STAFF AND PARENTS. ADDITIONALLY, WE CONTINUE TO HOST THE OLDEST RUNNING OPEN COMPETETIVE SWIM MEET IN THE UNITED STATES, DATING BACK TO 1928 AT THE LAKESIDE QUARRY.

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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 $62,593

Program Service Revenue $1,473,983

Investment Income $31,461

Other Revenue $11,800

TOTAL REVENUE $1,579,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $696,079

Fundraising Expenses $0

Program Expenses $1,318,810

Other Expenses $728,892

TOTAL EXPENSES $1,424,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,579,837	$1,508,025	+0.0%
Expenses	$1,424,971	$1,302,122	+0.1%
Net Income	$154,866	$205,903	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD WILCOX	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY HAZEL	SECRETARY	1.00	Officer Director	$0	$0	$0
DENA BRAEGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KORTNEY RYAN	TREASURER	1.00	Officer Director	$0	$0	$0
JASON STUECKER	DIRECTOR	1.00	Director	$0	$0	$0
TARA MOTER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DEBOOR	HEAD COACH/GENERAL MANAGER	40.00	Highest	$153,212	$0	$153,212

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	$1,579,837	$1,424,971	$1,188,536	$154,866
2023	$1,355,118	$1,192,924	$802,076	$162,194
2022	$1,266,153	$1,075,176	$684,987	$190,977
2021	$932,555	$948,191	$502,679	$-15,636
2020	$1,004,163	$1,000,180	$608,030	$3,983