SWAC SWIM TEAM INC

EIN: 351910562 501(c)(3)

FORT WAYNE, IN

Total Revenue
$103,846
Total Expenses
$32,421
Total Assets
N/A
Net Assets
N/A
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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
1994
Legal Domicile
IN
Principal Officer
COURTNEY POSWINSKI
Phone
2604455306
Tax Period
2024-09-01 to 2025-02-07

SWAC SWIM TEAM INC, founded in 1994, is a small nonprofit that reported $104K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $71K, a strong 69% operating margin.

Mission

CREATE A REWARDING YOUTH SWIMMING EXPERIENCE THROUGH A CULTURE OF TEAM SPIRIT, INCLUSION, PERSONAL ACHIEVEMENT AND RESPECT.

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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 $79,964
Program Service Revenue $3,894
Investment Income $19,988
Other Revenue $0
TOTAL REVENUE $103,846

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,111
Fundraising Expenses $0
Program Expenses $25,383
Other Expenses $5,310
TOTAL EXPENSES $32,421

Year-over-Year Comparison

2024 2023 Change
Revenue $103,846 $335,988 -0.7%
Expenses $32,421 $425,027 -0.9%
Net Income $71,425 $-89,039 -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

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Governance

Voting Members
5
Independent Members
5
Employees
3
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT HIBISKE VICE PRESIDE N/A
Officer Director
$0 $0 $0
KRISTIN HUFF TREASURER N/A
Officer Director
$0 $0 $0
AMY LAZOFF GOVERNANCE C N/A
Officer Director
$0 $0 $0
RAMONA VERONICA SIERRA LEDEZMA SECRETARY N/A
Officer Director
$0 $0 $0
COURTNEY POSWINSKI PRESIDENT N/A
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 $103,846 $32,421 No data $71,425
2024 $335,988 $425,027 $105,886 $-89,039
2023 $352,020 $365,694 $194,926 $-13,674
2022 $412,914 $373,708 $223,520 $39,206
2021 $394,710 $427,806 $178,577 $-33,096
2020 $340,005 $360,133 $235,409 $-20,128
2019 $369,312 $337,047 $253,428 $32,265
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