LAKE ERIE SWIMMING INC US SWIMMING

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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

1950

Legal Domicile

Principal Officer

KIM LONG

Phone

5673023010

Tax Period

2024-01-01 to 2024-12-31

LAKE ERIE SWIMMING INC US SWIMMING, founded in 1950, is a small nonprofit that reported $229K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $218K left a modest 5% surplus.

Mission

LAKE ERIE SWIMMING'S MISSION IS TO ENRICH THE LIVES OF OUR ATHLETES THROUGH THE SPORT OF SWIMMING BY PROVIDING SAFE AND INCLUSIVE PROGRAMMING IN A CULTURE THAT ENCOURAGES COMPETITIVE EXCELLENCE AND PERSONAL GROWTH.

Program Service Accomplishments

Program 1

Expenses: $51,527

LAKE ERIE SWIMMING PROVIDES TRAVEL REIMBURSEMENTS TO QUALIFYING ATHLETES IN ORDER TO GIVE ITS ATHLETES OPPORTUNITIES TO COMPETE IN USA SWIMMING AMATEUR EVENTS OUTSIDE OF LAKE ERIE SWIMMING.

Program 2

Expenses: $38,118

LAKE ERIE SWIMMING ORGANIZES AND FUNDS TEAMS TO COMPETE IN THE MID-STATES, CENTRAL ZONE POOL AND CENTRAL ZONE OPEN WATER CHAMPIONSHIP MEETS.

Program 3

Expenses: $101,457

LAKE ERIE SWIMMING HOSTS CHAMPIONSHIP MEETS FOR ITS SWIMMERS AT THE CONCLUSION OF BOTH THE SHORT COURSE SEASON AND THE LONG COURSE SEASON.

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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 $0

Program Service Revenue $220,005

Investment Income $6,835

Other Revenue $2,569

TOTAL REVENUE $229,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,994

Fundraising Expenses $0

Program Expenses $191,102

Other Expenses $197,945

TOTAL EXPENSES $217,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,409	$365,038	-0.4%
Expenses	$217,939	$286,960	-0.2%
Net Income	$11,470	$78,078	-0.9%

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

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

$17,131

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM COOK	REGISTRATION	20.00	Director	$17,131	$0	$17,131
BRANDEN BURNS	SAFETY CHAIR	1.00	Director	$0	$0	$0
MISTY CAUDILL	ADMIN VICE C	1.00	Officer Director	$0	$0	$0
VINCE COLWELL	GENERAL CHAI	1.00	Officer Director	$0	$0	$0
CINDY DIAL	SR. SWIMMING	1.00	Director	$0	$0	$0
ANNA FAILKO	COACH REP	1.00	Director	$0	$0	$0
GEORGE LIBECCO	SR. ATHLETE	1.00	Director	$0	$0	$0
KIM LONG	TREASURER	5.00	Officer Director	$0	$0	$0
SARAH ONDREJKA	SAFE SPORT C	1.00	Director	$0	$0	$0
SARAH TOBIN	TECHNICAL PL	1.00	Director	$0	$0	$0
JELANI WATKINS	SECRETARY	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$229,409	$217,939	$543,914	$11,470
2023	$365,038	$286,960	$528,055	$78,078
2022	$415,156	$286,965	$449,977	$128,191
2021	$441,733	$369,060	$321,786	$72,673
2020	$236,837	$213,177	$249,113	$23,660
2019	$272,340	$241,544	$225,711	$30,796
2018	$228,602	$262,800	$195,173	$-34,198