FARMINGTON TIGERSHARKS SWIM CLUB

EIN: 411947682 501(c)(3) Recreation & Sports

FARMINGTON, MN

Total Revenue
$180,182
Total Expenses
$170,973
Total Assets
$46,383
Net Assets
$44,322
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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
1999
Legal Domicile
MN
Principal Officer
CATHY GRIMM
Tax Period
2018-09-01 to 2019-08-31

FARMINGTON TIGERSHARKS SWIM CLUB, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $180K in total revenue in fiscal year 2018. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $171K left a modest 5% surplus.

Mission

SWIM EDUCATION AND FITNESS

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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 (2018)

Revenue Breakdown

Contributions & Grants $141,158
Program Service Revenue $36,004
Investment Income $15
Other Revenue $3,005
TOTAL REVENUE $180,182

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,237
Fundraising Expenses $0
Program Expenses $170,973
Other Expenses $97,736
TOTAL EXPENSES $170,973

Year-over-Year Comparison

2018 2017 Change
Revenue $180,182 $130,828 +0.4%
Expenses $170,973 $156,489 +0.1%
Net Income $9,209 $-25,661 -1.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
7

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL LYNUM VICE PRESIDE N/A
Officer Director
$0 $0 $0
CATHY GRIMM TREASURER N/A
Officer Director
$0 $0 $0
BECKY DEWILDE SECRETARY N/A
Officer Director
$0 $0 $0
TERESA GIBBS PRESIDENT N/A
Officer Director
$0 $0 $0
BILL STEPHAN MEMBER AT LA N/A
Director
$0 $0 $0
ERIC ZIEGLER MEMBER AT LA N/A
Director
$0 $0 $0
ERIN HAUGEN MEMBER AT LA N/A
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
2019 $180,182 $170,973 $46,383 $9,209
2018 $130,828 $156,489 $36,934 $-25,661
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