NORWALK AQUATIC CLUB INC

EIN: 352222695 501(c)(3)

NORWALK, CT

Total Revenue
$7,905
Total Expenses
$12,078
Total Assets
$7,450
Net Assets
$7,450
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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

Legal Domicile
CT
Principal Officer
DON SAUNDERS
Phone
2038385836
Tax Period
2019-09-01 to 2020-08-31

NORWALK AQUATIC CLUB INC is a micro nonprofit that reported $8K in total revenue in fiscal year 2019. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 53% operating deficit.

Mission

TO FOSTER NATIONAL AMATEUR SWIM COMPETITION, AND PRIMARILY TO CONDUCT NATIONAL COMPETITION IN SWIMMING, AND TO SUPPORT PERSONS AND DEVELOP AMATEUR ATHLETES FOR THAT COMPETITION.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,905
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,609
Other Expenses $12,078
TOTAL EXPENSES $12,078

Year-over-Year Comparison

2019 2018 Change
Revenue $7,905 $38,838 -0.8%
Expenses $12,078 $30,649 -0.6%
Net Income $-4,173 $8,189 -1.5%
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
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA PARIZOT SECRETARY N/A
Officer
$0 $0 $0
DON SAUNDERS PRESIDENT N/A
Officer
$0 $0 $0
JENNIFER VITIELLO TREASURER N/A
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
2020 $7,905 $12,078 $7,450 $-4,173
2019 $38,838 $30,649 $11,623 $8,189
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