SOUTHEASTERN SWIM CLUB INCORPORATED

EIN: 351933222 501(c)(3) Recreation & Sports

Fishers, IN

Total Revenue
$694,850
Total Expenses
$757,225
Total Assets
$268,287
Net Assets
$219,077
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IN
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 in the Recreation & Sports sector 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.

Program Service Accomplishments

Program 1
Expenses: $153,189 Revenue: $265,270

The Swim Team Program provides structured, coach-led training for youth athletes to develop competitive swimming skills, physical fitness, discipline, and teamwork. The program serves swimmers across...

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The Swim Team Program provides structured, coach-led training for youth athletes to develop competitive swimming skills, physical fitness, discipline, and teamwork. The program serves swimmers across multiple age and skill levels and offers regular practices, individualized coaching, and participation in local and regional competitions. During the year, the program focused on skill progression, stroke technique, endurance development, and sportsmanship. Athletes were provided opportunities to compete in sanctioned swim meets, fostering goal-setting, confidence, and personal achievement. Financial assistance was made available to ensure access regardless of economic circumstances. The program promotes youth development, healthy lifestyles, and community engagement through organized athletic participation.

Program 2
Expenses: $30,316 Revenue: $197,016

The Swim Meet Hosting Program organizes and conducts competitive swim meets that provide athletes with structured opportunities to demonstrate skill development and achieve qualifying times. Hosted...

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The Swim Meet Hosting Program organizes and conducts competitive swim meets that provide athletes with structured opportunities to demonstrate skill development and achieve qualifying times. Hosted events serve youth and adult swimmers from local and regional teams. The organization manages facility coordination, event operations, volunteer oversight, timing systems, and compliance with governing body regulations. These events support athlete development, community engagement, and local economic activity. Proceeds from hosted meets are reinvested into the organization's aquatic programming, supporting access, facility operations, and ongoing program development.

Program 3
Expenses: $3,381 Revenue: $130,556

The Swim Lessons Program provides water safety instruction and foundational swimming skills to children and community members of varying ages and abilities. Instruction is delivered by trained...

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The Swim Lessons Program provides water safety instruction and foundational swimming skills to children and community members of varying ages and abilities. Instruction is delivered by trained coaches and instructors in a structured and progressive curriculum designed to reduce drowning risk and build swimming competency. Participants receive age-appropriate instruction in water safety, stroke fundamentals, breathing techniques, and confidence in aquatic environments. The program emphasizes safety awareness, skill mastery, and comfort in the water. By expanding access to swim education, the program advances public safety and promotes lifelong health and wellness within 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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
Employees
64
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
$3,180
Total Directors
9
$98,991
Key Employees
1
$95,811
Highest Compensated
1
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
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