MICHIGAN SWIMMING INC (EIN 382373836) - 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

1980

Legal Domicile

Principal Officer

JOE GAZZARATO

Phone

2489976696

Tax Period

2023-09-01 to 2024-08-31

MICHIGAN SWIMMING INC, founded in 1980, is a small nonprofit in the Recreation & Sports sector that reported $338K in total revenue in fiscal year 2023. Net assets of $692K represent 25 months of operating reserves.

Mission

THE EDUCATION, INSTRUCTION AND TRAINING OF INDIVIDUALS TO DEVELOP AND IMPROVE THEIR CAPABILITIES IN THE SPORT OF 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 $0

Program Service Revenue $308,387

Investment Income $9,359

Other Revenue $20,116

TOTAL REVENUE $337,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,448

Fundraising Expenses $0

Program Expenses $276,765

Other Expenses $257,771

TOTAL EXPENSES $348,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$337,862	$327,686	+0.0%
Expenses	$348,219	$276,829	+0.3%
Net Income	$-10,357	$50,857	-1.2%

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

Employees

Volunteers

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

$60,750

Total Directors

$60,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE GAZZARATO	FINANCE VICE	2.00	Officer Director	$0	$0	$0
DAWN GURLEY	TREASURER/SE	2.00	Officer Director	$60,750	$0	$60,750
KAREN SCHWARTZ	GENERAL CHAI	2.00	Officer Director	$0	$0	$0
SALLIE BARTOWIAK	SAFETY SPORT	2.00	Director	$0	$0	$0
SHAWN KORNOELJE	AGE GROUP PR	2.00	Director	$0	$0	$0
ERICA THOMASGUNNAR SCHMIDT CO-CHAI	SENIOR PRGM	2.00	Director	$0	$0	$0
DREW EDSON	SENIOR COACH	2.00	Director	$0	$0	$0
DOMINICK DUCATO	SENIOR ATHLE	2.00	Director	$0	$0	$0
VIOLET SCHWARTZ	JR ATHLETE R	2.00	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	$337,862	$348,219	$694,478	$-10,357
2023	$327,686	$276,829	$654,485	$50,857
2022	$250,400	$212,793	$586,649	$37,607
2021	$130,046	$134,411	$650,863	$-4,365
2020	$204,879	$140,310	$589,347	$64,569
2019	$273,257	$228,861	$505,280	$44,396
2018	$216,820	$200,682	$454,776	$16,138

MICHIGAN SWIMMING INC