RICHFIELD SWIM CLUB (EIN 411650494) - 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

1969

Legal Domicile

Phone

6126059725

Tax Period

2024-09-01 to 2025-08-31

RICHFIELD SWIM CLUB, founded in 1969, is a small nonprofit in the Recreation & Sports sector that reported $232K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $300K exceeded revenue, resulting in a 29% operating deficit.

Mission

The Piranhas Swim Club is a year-round, competitive swim team offering high quality professional coaching & technique instruction for all ages and abilities, serving the Richfield and Minneapolis, MN communities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $550

Program Service Revenue $233,047

Investment Income $3,873

Other Revenue $-5,406

TOTAL REVENUE $232,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,101

Fundraising Expenses $0

Program Expenses $290,842

Other Expenses $116,367

TOTAL EXPENSES $300,468

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,064	$323,286	-0.3%
Expenses	$300,468	$333,818	-0.1%
Net Income	$-68,404	$-10,532	+5.5%

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

120

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

$65,289

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HALEY FOYDEL	HEAD COACH	40.00	Key Emp	$65,289	$0	$65,289
JOHN FARRELL	TREASURER	2.00	Officer Director	$0	$0	$0
RYAN VAN THORRE	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL THELEMANN	PRESIDENT	3.00	Officer Director	$0	$0	$0
CHERYL TROXEL	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA JANUSZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIE GEURINK	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH KUYPERS	BOARD MEMBER	1.00	Director	$0	$0	$0
REHAB ERICKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
MALINDE ALTHAUS	SECRETARY	1.00	Officer 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
2025	$232,064	$300,468	$107,297	$-68,404
2024	$323,286	$333,818	$175,701	$-10,532
2023	$287,980	$214,639	$186,235	$73,341
2022	$332,747	$313,272	$112,893	$19,475
2021	$269,302	$219,201	$93,418	$50,101
2020	$198,436	$202,169	$52,317	$-3,733

RICHFIELD SWIM CLUB