INDY AQUATIC MASTERS INC

EIN: 320341742 501(c)(3) Recreation & Sports

INDIANAPOLIS, IN

Total Revenue
$318,673
Total Expenses
$272,694
Total Assets
$218,819
Net Assets
$218,819
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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
IN
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.

Program Service Accomplishments

Program 1
Expenses: $229,943 Revenue: $88,479

PROVIDED 43 ORGANIZED SWIM WORKOUTS EACH WEEK AT VARIOUS LOCATIONS THROUGHOUT THE INDIANAPOLIS AREA. 300 MEMBERS BENEFITTED FROM THIS PROGRAM OFFERING. HOSTED A NATIONAL SWIM EVENT WITH 2300...

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PROVIDED 43 ORGANIZED SWIM WORKOUTS EACH WEEK AT VARIOUS LOCATIONS THROUGHOUT THE INDIANAPOLIS AREA. 300 MEMBERS BENEFITTED FROM THIS PROGRAM OFFERING. HOSTED A NATIONAL SWIM EVENT WITH 2300 PARTICIPANTS.

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
19
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
4
$50,200
Total Directors
7
$50,200
Key Employees
0
$0
Highest Compensated
0
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
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