SOUTHEASTERN SWIM CLUB INCORPORATED (EIN 351933222) - 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

1993

Legal Domicile

Principal Officer

Kyle Hultgren

Phone

3178417559

Tax Period

2023-09-01 to 2024-08-31

SOUTHEASTERN SWIM CLUB INCORPORATED, founded in 1993, is a small nonprofit that reported $695K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

Year-round aquatic club that offers a USA Swimming swim program, including age group and senior-level swim teams, a U.S. Masters swim program, and Swim America swim lesson and pre-team programs to promote water safety and skill development. The club also supports competitive swimming.

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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 $72,698

Program Service Revenue $617,474

Investment Income $4,678

Other Revenue $0

TOTAL REVENUE $694,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $572,700

Fundraising Expenses $549

Program Expenses $702,036

Other Expenses $113,559

TOTAL EXPENSES $757,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$694,850	$894,707	-0.2%
Expenses	$757,225	$827,862	-0.1%
Net Income	$-62,375	$66,845	-1.9%

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

450

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

$3,180

Total Directors

$98,991

Key Employees

$95,811

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christian Hanselmann	Head Coach	40	Director Key Emp Highest	$95,811	$0	$95,811
Jessica Salvadori	Secretary	2	Officer Director	$3,180	$0	$3,180
Kyle Hultgren	President	0	Officer Director	$0	$0	$0
Matt Stolle	Board Member	0	Director	$0	$0	$0
Courtney Johnson	Board Member	0	Director	$0	$0	$0
Amy Chesterfield	Board Member	0	Director	$0	$0	$0
Lindsey Dieckmann	Vice President	0	Officer Director	$0	$0	$0
Scott Tabor	Board Member	0	Director	$0	$0	$0
Kelley Otto	Board Member	0	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	$694,850	$757,225	$268,287	$-62,375
2022	$634,562	$685,996	$283,230	$-51,434
2021	$607,262	$503,353	$288,499	$103,909
2020	$385,394	$493,677	$151,649	$-108,283
2019	$574,578	$636,363	$186,096	$-61,785
2018	$539,289	$546,991	$244,869	$-7,702

SOUTHEASTERN SWIM CLUB INCORPORATED