NEWPORT BEACH AQUATICS INC (EIN 371637515) - 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

2011

Legal Domicile

Principal Officer

ROSS SINCLAIR

Phone

9497984102

Tax Period

2023-01-01 to 2023-12-31

NEWPORT BEACH AQUATICS INC, founded in 2011, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE AND TEACH AQUATIC SPORTS IN THE NEWPORT-MESA, CALIFORNIA AREA.

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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 $697,569

Program Service Revenue $449,975

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,147,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,044

Fundraising Expenses $0

Program Expenses $1,175,141

Other Expenses $580,264

TOTAL EXPENSES $1,225,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,147,544	$1,054,173	+0.1%
Expenses	$1,225,308	$1,137,790	+0.1%
Net Income	$-77,764	$-83,617	-0.1%

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

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

$135,000

Total Directors

$135,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG FORMBY	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAT CAREY	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSS SINCLAIR	EXECUTIVE DIRECTOR	40.00	Officer Director	$135,000	$0	$135,000

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	No data	No data	No data	No data
2023	$1,147,544	$1,225,308	$180,795	$-77,764
2022	$1,054,173	$1,137,790	$225,879	$-83,617
2021	$912,208	$721,409	$312,456	$190,799
2020	$505,843	$524,882	$118,371	$-19,039
2019	$881,266	$808,243	$137,785	$73,023
2018	$811,995	$802,222	$70,463	$9,773

NEWPORT BEACH AQUATICS INC