Hammerhead Aquatics Inc (EIN 342014568) - 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

2004

Legal Domicile

Principal Officer

John Grzeszcak

Phone

9545886371

Tax Period

2022-01-01 to 2022-12-31

Hammerhead Aquatics Inc, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $244K in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. Net assets of $2.1M represent 102 months of operating reserves.

Mission

The club invites anyone to come and swim, as Hammerhead Aquatics promotes diversity, acceptance, friendship, competition and camaraderie.

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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 (2022)

Revenue Breakdown

Contributions & Grants $243,659

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $243,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,000

Fundraising Expenses $0

Program Expenses $253,150

Other Expenses $184,167

TOTAL EXPENSES $253,150

Year-over-Year Comparison

	2022	2021	Change
Revenue	$243,659	$257,995	-0.1%
Expenses	$253,150	$257,229	0.0%
Net Income	$-9,491	$766	-13.4%

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

N/A

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
John Grzeszcak	President	0.00	Officer	$0	$0	$0
James Ridout	Treasurer	0.00	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
2022	$243,659	$253,150	$2,643,393	$-9,491
2021	$257,995	$257,229	$30,972	$766

Hammerhead Aquatics Inc