WEST CHICAGO SHARKS INC (EIN 364172223) - 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

1997

Legal Domicile

Principal Officer

DAN CLASEN

Phone

6302441909

Tax Period

2024-01-01 to 2024-12-31

WEST CHICAGO SHARKS INC, founded in 1997, is a small nonprofit that reported $301K in total revenue in fiscal year 2024. The organization ran a surplus of $61K, a strong 20% operating margin.

Mission

SWIMMING PROGRAMS. THE WEST CHICAGO SHARKS, INC. ("WCS") ORGANIZATION IS A COMPETITIVE SWIM CLUB WHOSE PURPOSE IS TO TEACH TEAM MEMBERS GOOD SPORTSMANSHIP, PROMOTE PHYSICAL HEALTH, AND TO DEVELOP, GOVERN, AND PROMOTE THE SPORT OF SWIMMING. THE OBJECTIVE OF WCS IS TO PROVIDE COMPETITION WITH THE INTENT TO STIMULATE INTEREST AND PROVIDE EXPERIENCE FOR ALL SWIMMERS AT ALL LEVELS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $252,483

Program Service Revenue $46,814

Investment Income $1,359

Other Revenue $0

TOTAL REVENUE $300,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,069

Fundraising Expenses $0

Program Expenses $235,812

Other Expenses $115,992

TOTAL EXPENSES $240,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,656	$312,413	0.0%
Expenses	$240,061	$239,217	+0.0%
Net Income	$60,595	$73,196	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN CLASEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAN FORS	HEAD COACH	N/A	Director	$0	$0	$0
JESSICA GROSS	VP WAYS AND	N/A	Director	$0	$0	$0
KATHLYN KOSTEN	SECRETARY	N/A	Director	$0	$0	$0
DAVE MCCUE	VICE PRESIDE	N/A	Director	$0	$0	$0
KARA PARRY	SAFE SPORT C	N/A	Director	$0	$0	$0
RACHEL PETZER	TREASURER	N/A	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	$300,656	$240,061	$368,678	$60,595
2023	$312,413	$239,217	$308,083	$73,196
2022	$261,482	$191,698	$234,887	$69,784
2021	$173,007	$143,269	$165,103	$29,738
2020	$146,363	$121,902	$135,365	$24,461
2019	$233,943	$214,766	$110,904	$19,177
2018	$248,998	$246,656	$91,727	$2,342

WEST CHICAGO SHARKS INC