SOUTH EAST METRO SHARKS SWIM CLUB

EIN: 411359643 501(c)(3)

Woodbury, MN

Total Revenue
$573,674
Total Expenses
$556,794
Total Assets
$440,362
Net Assets
$313,148
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MN
Principal Officer
Eric Seversen
Phone
6512952806
Tax Period
2024-09-01 to 2025-08-31

SOUTH EAST METRO SHARKS SWIM CLUB, founded in 1971, is a small nonprofit that reported $574K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

The South East Metro Sharks Swim Club provides instructional training and educational program services to youth between ages 6 and 20 in the southeast metropolitan area of St. Paul, MN. In 1991, a Masters program was added to provide the same services to adults. Currently, over 225 people participate in the program.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,739
Program Service Revenue $553,044
Investment Income $11,891
Other Revenue $0
TOTAL REVENUE $573,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $287,987
Fundraising Expenses $0
Program Expenses $556,794
Other Expenses $268,807
TOTAL EXPENSES $556,794

Year-over-Year Comparison

2024 2023 Change
Revenue $573,674 $618,834 -0.1%
Expenses $556,794 $624,158 -0.1%
Net Income $16,880 $-5,324 -4.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
12
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
9
$95,673
Total Directors
0
$0
Key Employees
1
$95,673
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Seversen Head Coach - Non-voting Member 40
Officer Key Emp Highest
$95,673 $0 $95,673
Bob Kody President 2
Officer
$0 $0 $0
Chris Hacker Treasurer 2
Officer
$0 $0 $0
Megan Boatman Vice President 2
Officer
$0 $0 $0
Megan Hoelzel Member at Large 2
Officer
$0 $0 $0
Dayna Herrington Secretary 2
Officer
$0 $0 $0
Steve Recker Member at Large 2
Officer
$0 $0 $0
Christopher Smith Member At Large 2
Officer
$0 $0 $0
Tiffany Larson Member at Large 2
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 $573,674 $556,794 $440,362 $16,880
2024 $618,834 $624,158 $457,649 $-5,324
2023 $661,110 $609,136 $436,288 $51,974
2022 $538,632 $514,454 $391,727 $24,178
2021 $421,177 $445,745 $257,334 $-24,568
2020 $340,120 $360,272 $285,460 $-20,152
2019 $519,030 $516,623 $392,988 $2,407
2018 $509,144 $467,153 $380,545 $41,991
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