INDY AQUATIC MASTERS INC (EIN 320341742) - 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

2011

Legal Domicile

Principal Officer

GEORGE QUIGLEY

Phone

3175377946

Tax Period

2024-01-01 to 2024-12-31

INDY AQUATIC MASTERS INC, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $319K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $273K left a modest 14% surplus.

Mission

ADULT AQUATIC FITNESS PROGRAM FOR HEALTHIER LIFESTYLES. PROVIDED 43 ORGANIZED SWIM WORKOUTS EACH WEEK AT VARIOUS LOCATIONS THROUGHOUT THE INDIANAPOLIS AREA. 300 MEMBERS BENEFITED FROM THIS PROGRAM OFFERING.

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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 $222,378

Program Service Revenue $88,479

Investment Income $7,816

Other Revenue $0

TOTAL REVENUE $318,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,332

Fundraising Expenses $0

Program Expenses $229,943

Other Expenses $153,362

TOTAL EXPENSES $272,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,673	$236,835	+0.3%
Expenses	$272,694	$229,793	+0.2%
Net Income	$45,979	$7,042	+5.5%

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

Employees

Volunteers

700

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

$50,200

Total Directors

$50,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE HARTER	TREASURER	1.00	Officer Director	$45,736	$0	$45,736
BRUCE YOUNG	SECRETARY	1.00	Officer Director	$4,464	$0	$4,464
KRIS BOWEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KEN CATELLIER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE QUIGLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JON SHOPE	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE SHUCK	DIRECTOR	1.00	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	$318,673	$272,694	$218,819	$45,979
2023	$236,835	$229,793	$172,840	$7,042
2022	$190,548	$178,634	$165,798	$11,914
2021	$222,141	$158,240	$153,884	$63,901
2020	$192,827	$167,419	$89,983	$25,408

INDY AQUATIC MASTERS INC