SOUTH WEST AQUATIC TEAM INC (EIN 391237451) - 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

1976

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

SOUTH WEST AQUATIC TEAM INC, founded in 1976, is a small nonprofit in the Recreation & Sports sector that reported $518K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATIONS MISSION IS TO PROMOTE AND TEACH COMPETITIVE 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 $9,349

Program Service Revenue $506,639

Investment Income $71

Other Revenue $1,488

TOTAL REVENUE $517,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $360,593

Fundraising Expenses $0

Program Expenses $526,884

Other Expenses $173,438

TOTAL EXPENSES $534,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$517,547	$528,465	0.0%
Expenses	$534,031	$502,654	+0.1%
Net Income	$-16,484	$25,811	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH BORNEMAN	DIRECTOR	5.00	Director	$0	$0	$0
BONNIE RYDELSKI	DIRECTOR	5.00	Director	$0	$0	$0
BONNIE RYDELSKI	DIRECTOR	5.00	Director	$0	$0	$0
JULIA MAY	DIRECTOR	5.00	Director	$0	$0	$0
KIM WERTH	SECRETARY & DIRECTOR	15.00	Officer Director	$0	$0	$0
MICHAEL DOYLE	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
KRISTIE RASK	PRESIDENT	15.00	Officer	$0	$0	$0
KRISTIN BERES	TREASURER	15.00	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
2025	No data	No data	No data	No data
2024	$517,547	$534,031	$420,781	$-16,484
2023	$528,465	$502,654	$440,265	$25,811
2022	$491,092	$437,219	$417,454	$53,873
2021	$500,879	$260,236	$429,257	$240,643
2020	$304,151	$329,563	$117,202	$-25,412
2018	$543,983	$599,702	$95,062	$-55,719

SOUTH WEST AQUATIC TEAM INC