LAKESHORE SWIM CLUB CORP

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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

1999

Legal Domicile

Principal Officer

NICOLE SLIVINSKI

Phone

4407140879

Tax Period

2023-08-01 to 2024-07-31

LAKESHORE SWIM CLUB CORP, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $450K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $437K left a modest 3% surplus.

Mission

Teach and encourage competitive swimming. Educate/promote youth in a wholesome, life saving program

Program Service Accomplishments

Program 1

Expenses: $313,148 Revenue: $394,436

Teach and encourage competitive swimming to youth ages 6 to 18 with youth membership including 200 swimmers. Provide membership for master swimmers age 18 and older.

Program 2

Expenses: $71,871 Revenue: $400

Using various events, Lakeshore Swim Club strives to build team commitment and community pride, Lake Shore strives to acknowledge accomplishments, as well as, good sportsmanship and time improvements

Program 3

Expenses: $39,378 Revenue: $50,305

Conduct and participate in competitive swim meets with attendance of approximately 600 youth swimmers from approximately 26 teams, focusing on good sportsmanship and time improvements.

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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 $445,141

Investment Income $5,208

Other Revenue $0

TOTAL REVENUE $450,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,731

Fundraising Expenses $0

Program Expenses $424,397

Other Expenses $277,032

TOTAL EXPENSES $436,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$450,349	$359,562	+0.3%
Expenses	$436,763	$344,349	+0.3%
Net Income	$13,586	$15,213	-0.1%

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

$62,404

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vince Cowell	Head Coach	40.00	Key Emp Highest	$62,404	$0	$62,404
Lisa Downing	Director	3.75	Director	$0	$0	$0
Kevin Flynn	Director	2.50	Director	$0	$0	$0
Nicole Slivinski	Treasurer	5.00	Director	$0	$0	$0
Bryce Ormiston	Director	1.25	Director	$0	$0	$0
Abbey Samide	Director	2.50	Director	$0	$0	$0
Amy Csada	Director	1.00	Director	$0	$0	$0
Beth Kirst	Director	1.00	Director	$0	$0	$0
Colleen Riley	Director	1.00	Director	$0	$0	$0
Sarah Verderber	Director	2.00	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	$450,349	$436,763	$117,826	$13,586
2023	$359,562	$344,349	$113,191	$15,213
2022	$285,215	$285,475	$90,052	$-260
2021	$312,920	$258,796	$89,287	$54,124
2020	$176,654	$197,218	$35,531	$-20,564
2019	$230,859	$232,645	$55,727	$-1,786