CARMEL SWIM CLUB INC

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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

1973

Legal Domicile

Principal Officer

BRIAN POWERS

Phone

3175758244

Tax Period

2023-09-01 to 2024-08-31

CARMEL SWIM CLUB INC, founded in 1973, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE AMATEUR SWIMMING AND PHYSICAL FITNESS

Program Service Accomplishments

Program 1

Expenses: $2,293,321 Revenue: $2,409,728

TEACH SWIM LESSONS, HOLD SWIM MEETS, AND OTHER VARIOUS ACTIVITIES THROUGHOUT THE YEAR TO PROMOTE AMATEUR SWIMMING. PROMOTE PHYSICAL FITNESS, MUSCLE DEVELOPMENT, AND COORDINATION IN YOUTH AND CHILDREN THRU STRENGTH AND CONDITIONING CLASSES. WE PROVIDE OPPORTUNITY AND INSTRUCTION FOR MEMBERS TO COMPETE IN NATIONAL AMATEUR SWIMMING COMPETITIONS. THE CLUB MANAGES THE AQUATICS CENTER FOR BENEFIT OF THE CARMEL COMMUNITY ON BEHALF OF CARMEL CLAY SCHOOLS. THE AQUATICS CENTER PROVIDES PROGRAMS AND ACTIVITIES TO MEET THE NEEDS OF ALL AGE GROUPS, INCLUDING SENIOR ADULTS. ON JULY 5, 2023 WE OPENED AND BEGAN MANAGING A NEW LEASED POOL FACILITY IN THE CARMEL COMMUNITY. THIS LARGER FACILITY ALLOWS US TO OFFER MORE PROGRAMS AND AVAILABILITY TO THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $234,280

Program Service Revenue $2,409,728

Investment Income $30,947

Other Revenue $0

TOTAL REVENUE $2,674,955

Expense Breakdown

Grants Paid $3,192

Salaries & Benefits $1,664,876

Fundraising Expenses $121,150

Program Expenses $2,293,321

Other Expenses $1,193,530

TOTAL EXPENSES $2,861,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,674,955	$2,223,284	+0.2%
Expenses	$2,861,598	$1,994,202	+0.4%
Net Income	$-186,643	$229,082	-1.8%

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

131

Volunteers

680

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

$207,249

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN POWERS	CHAIR / PRES	4.00	Officer Director	$0	$0	$0
GEORGE LATHROP	VICE CHAIR	4.00	Officer Director	$0	$0	$0
KEVIN WARD	TREASURER	4.00	Officer Director	$0	$0	$0
JIM INSKEEP	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK SHACKELL	BOARD MEMBER	2.00	Director	$0	$0	$0
LIN PUGH	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH SZOTEK	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLEY LEFEVER	BOARD MEMBER	2.00	Director	$0	$0	$0
LAUREN HUGHES	BOARD MEMBER	2.00	Director	$0	$0	$0
SAM ZHU	BOARD MEMBER	2.00	Director	$0	$0	$0
LONNIE JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER PLUMB	CEO / HEAD C	40.00	Officer	$207,249	$0	$207,249

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	$2,674,955	$2,861,598	$4,894,218	$-186,643
2023	$2,223,284	$1,994,202	$5,333,794	$229,082
2022	$2,058,719	$1,619,957	$1,515,680	$438,762
2021	$1,620,809	$1,400,282	$1,078,759	$220,527
2020	$1,470,687	$1,396,477	$847,952	$74,210
2019	$1,477,444	$1,427,843	$793,772	$49,601
2018	$1,395,851	$1,254,923	$742,265	$140,928