UNITED STATES DIVING FOUNDATION 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

1985

Legal Domicile

Principal Officer

TODD SMITH

Phone

3172017824

Tax Period

2023-01-01 to 2023-12-31

UNITED STATES DIVING FOUNDATION INC, founded in 1985, is a small nonprofit in the Recreation & Sports sector that reported $167K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $274K exceeded revenue, resulting in a 64% operating deficit.

Mission

TO CARRY OUT THE EDUCATIONAL FUNCTIONS OF THE FOUNDATION'S SINGLE MEMBER, USA DIVING, INC.

Program Service Accomplishments

Program 1

Expenses: $154,374

BLOCK GRANT IS USED TO SUPPLEMENT THE OPERATING BUDGET OF USA DIVING, INC. THE GRANTS WAS USED FOR PAYROLL AND BENEFITS AND ALSO THE FOR USA DIVING STAFF IN SUPPORTING ROLES FOR THE GENERAL...

BLOCK GRANT IS USED TO SUPPLEMENT THE OPERATING BUDGET OF USA DIVING, INC. THE GRANTS WAS USED FOR PAYROLL AND BENEFITS AND ALSO THE FOR USA DIVING STAFF IN SUPPORTING ROLES FOR THE GENERAL MEMBERSHIP.INCLUDING COMMUNICATIONS AND TRAVEL ARRANGEMENTS FOR ELITE DIVERS, AND COACHES.

Program 2

Expenses: $15,443

GLORIA THOMPSON SCHOLARSHIP MASTERS PROGRAM DIVER, A GRADUATE STUDENT AT THE UNIVERISTY OF AIRZONA WAS AWARDED TWO $7,500 SCHOLARSHIPS ONE FOR FALL TUITION AND FOR SPRING TUITION

Program 3

Expenses: $20,583

USA DIVING HIGH DIVE GRANTUSA DIVING HIGH PERFORMANCE DIRECTOR, REQUESTED $60,000 TO COVER USA DIVING TRAINING CAMP, AND EXPENSES INCURRED FOR THE ATHLETES TO ATTEND THE QUALIFYING EVENT...

USA DIVING HIGH DIVE GRANTUSA DIVING HIGH PERFORMANCE DIRECTOR, REQUESTED $60,000 TO COVER USA DIVING TRAINING CAMP, AND EXPENSES INCURRED FOR THE ATHLETES TO ATTEND THE QUALIFYING EVENT. APPROXIMATELY $20,000 FOR THE TRAINING CAMP AND QUALIFYING EVENT. RAY RUDE GIFT COMMITTEE FUNDED $20,000. THE RAY RUDE GIFT COMMITTEE (RRGC) AGREED TO FUND THE EXPENSES FOR THE USA DIVING TRAINING CAMP AND THE TBA QUALIFYING EVENT FOR 2023 FINA WORLD CHAMPIONSHIPS HOSTED IN FUKUOKA, JAPAN WILL INCLUDE HIGH DIVE EVENT. SUBJECT TO PLACEMENTS AT THE QUALIFYING EVENT USA DIVING WILL SEND SIX HIGH DIVING ATHLETES, ONE COACH AND ONE MEDICAL STAFF MEMBER. EVENT. THE FUNDS WILL COVER AIRFARE, ACCOMMODATIONS, BOOKING FEES AND MEDICAL INSURANCE FOR TEN TEAM MEMBERS AT THE QUALIFYING EVENT.

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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 $28,097

Program Service Revenue $0

Investment Income $138,525

Other Revenue $0

TOTAL REVENUE $166,622

Expense Breakdown

Grants Paid $185,000

Salaries & Benefits $17,400

Fundraising Expenses $0

Program Expenses $190,400

Other Expenses $71,177

TOTAL EXPENSES $273,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,622	$209,882	-0.2%
Expenses	$273,577	$347,305	-0.2%
Net Income	$-106,955	$-137,423	-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

N/A

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

$17,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED BOOK	TREASURER	5.00	Officer Director	$0	$0	$0
MICKI KING	SECRETARY	3.00	Officer Director	$0	$0	$0
WILLIAM WALKER	CHAIR	6.00	Officer Director	$0	$0	$0
STEVE VOELLMECKE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TOM GOMPF	BOARD MEMBER	4.00	Director	$0	$0	$0
STEVE MCFARLAND	BOARD MEMBER	4.00	Director	$0	$0	$0
JIM STILLSON	BOARD MEMBER	3.00	Director	$0	$0	$0
CYNTHIA POTTER	BOARD MEMBER	3.00	Director	$0	$0	$0
TODD SMITH	PRESIDENT	4.00	Officer	$9,000	$0	$9,000
MICHAEL WHITLOCK	ASSISTANT TREASURER	2.00	Officer	$8,400	$0	$8,400

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	$166,622	$273,577	$4,189,652	$-106,955
2022	$209,882	$347,305	$3,859,409	$-137,423
2021	$276,759	$366,536	$5,121,199	$-89,777
2020	$279,562	$873,220	$4,600,524	$-593,658
2019	$966,511	$1,064,132	$5,001,696	$-97,621
2018	$271,353	$324,915	$4,474,619	$-53,562