Lakeville, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTH METRO STORM SWIM CLUB, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $841K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $780K left a modest 7% surplus.
To provide recreation and education of swimming to its membership
Instruction, coaching and training for more than 700 amateur swimmers in Prior Lake, MN, Lakeville, MN and surrounding communities
Sponsor participation in amateur swimming events and provide the opportunity to participate in events at various skill levels. These programs serve an estimated 800-1100 children per year.
Storm Chasers learn to swim program is aimed at younger and non-competitive swimmers. The Swim American Curriculum is utilized and there are 3 coaches trained to lead the offering. Instructors are a...
Storm Chasers learn to swim program is aimed at younger and non-competitive swimmers. The Swim American Curriculum is utilized and there are 3 coaches trained to lead the offering. Instructors are a blend of traditional coaches that are already employed at South Metro Storm Swim Club and high school age swimmers that are part of the club. An estimated 200 swimmers utilize this program.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $841,488 | $738,939 | +0.1% |
| Expenses | $780,179 | $658,678 | +0.2% |
| Net Income | $61,309 | $80,261 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Charles Smith | Vice President & Treasurer | 40 |
Officer
Director
|
$110,750 | $0 | $110,750 |
| Phillip Smith | President & Secretary | 40 |
Officer
|
$109,264 | $0 | $109,264 |
| Rick Ringeisen | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $841,488 | $780,179 | $285,320 | $61,309 |
| 2022 | $738,939 | $658,678 | $230,213 | $80,261 |
| 2021 | $713,644 | $611,601 | $149,951 | $102,043 |
| 2020 | $225,423 | $324,311 | $49,735 | $-98,888 |
| 2019 | $489,927 | $503,946 | $94,585 | $-14,019 |
| 2018 | $527,788 | $554,973 | $108,604 | $-27,185 |
Compare SOUTH METRO STORM SWIM CLUB with other nonprofits in Minnesota and across the country.