LAKE COUNTRY SWIM TEAM LTD (EIN 391418304) - 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

1982

Legal Domicile

Principal Officer

Mark Kohnhorst

Phone

2623677657

Tax Period

2023-09-01 to 2024-08-31

LAKE COUNTRY SWIM TEAM LTD, founded in 1982, is a small nonprofit that reported $642K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $560K left a modest 13% surplus.

Mission

Provide swim instruction and competitive swim opportunities for more than 300 area youth swimmers who compete in local, state and national 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,608

Program Service Revenue $597,380

Investment Income $10,280

Other Revenue $0

TOTAL REVENUE $642,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $407,072

Fundraising Expenses $16,000

Program Expenses $463,043

Other Expenses $137,333

TOTAL EXPENSES $560,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$642,268	$588,488	+0.1%
Expenses	$560,405	$571,416	0.0%
Net Income	$81,863	$17,072	+3.8%

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

200

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

$97,743

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Kohnhorst	Executive Director	50	Officer	$97,743	$0	$97,743
Lindsay Sarozek	Board Member	1	Director	$0	$0	$0
Brian Neuman	Board Member	1	Officer Director	$0	$0	$0
Mike Geisler	Board Member	1	Director	$0	$0	$0
Sara Remus	Board Member	1	Director	$0	$0	$0
David Leider	Board Member	1	Director	$0	$0	$0
Chad Hansen	Board Member	1	Director	$0	$0	$0
Kimberly Kuptz	Board Member	1	Director	$0	$0	$0
Amanda Schneider	Board Member	1	Director	$0	$0	$0
Chris Wisener	President	1	Officer Director	$0	$0	$0
Peggy Moede	Vice President	1	Officer Director	$0	$0	$0
Geoff Brown	Treasurer	1	Officer Director	$0	$0	$0
Jan Haapala	Secretary	1	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	$642,268	$560,405	$266,201	$81,863
2023	$588,488	$571,416	$258,348	$17,072
2022	$642,755	$573,459	$232,554	$69,296
2021	$534,778	$501,306	$283,992	$33,472
2020	$397,065	$510,811	$201,506	$-113,746

LAKE COUNTRY SWIM TEAM LTD