SWIMINC INC (EIN 314400751) - 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

1953

Legal Domicile

Principal Officer

John Ament

Phone

6148851619

Tax Period

2024-10-01 to 2025-09-30

SWIMINC INC, founded in 1953, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide swimming facilities to the community for instructional and recreational programs

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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 $513,884

Program Service Revenue $929,480

Investment Income $5,752

Other Revenue $0

TOTAL REVENUE $1,449,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,127,434

Fundraising Expenses $0

Program Expenses $1,489,476

Other Expenses $489,311

TOTAL EXPENSES $1,616,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,449,116	$1,540,779	-0.1%
Expenses	$1,616,745	$1,904,100	-0.2%
Net Income	$-167,629	$-363,321	-0.5%

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

N/A

Employees

146

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kurt Carmen	Executive Director	40	Highest	$122,558	$0	$122,558
Scott Barter	Board Member	0.5	Director	$0	$0	$0
Thomas Burns	Board Member	0.5	Director	$0	$0	$0
Tim Gehring	Board Member	5	Director	$0	$0	$0
Emilie Greenwald	Board Member	0.5	Director	$0	$0	$0
Darren Hurley	Board Member	0.5	Director	$0	$0	$0
Maria Kalinke Andersen	Board Member	5	Director	$0	$0	$0
Katie Kamradt	Board Member	0.5	Director	$0	$0	$0
Glenn Moog	Board Member	0.5	Director	$0	$0	$0
David Mordoh	Board Member	0.5	Director	$0	$0	$0
Holly Cline	Secretary	1	Officer	$0	$0	$0
Marilyn Heid	Treasurer	2	Officer	$0	$0	$0
Linda Crandall	Vice President	1	Officer	$0	$0	$0
JohnAment	President	2	Officer	$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
2025	$1,449,116	$1,616,745	$234,760	$-167,629
2024	$1,540,779	$1,904,100	$394,698	$-363,321
2023	$1,830,657	$1,886,841	$815,100	$-56,184
2022	$1,806,874	$1,543,467	$829,638	$263,407
2021	$1,821,491	$1,353,270	$567,461	$468,221
2020	$534,704	$700,901	$191,472	$-166,197

SWIMINC INC