STAR SWIM CLUB INC (EIN 416541646) - 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

1975

Legal Domicile

Principal Officer

Ana Bankovics

Phone

6517040024

Tax Period

2021-09-01 to 2022-08-31

STAR SWIM CLUB INC, founded in 1975, is a small nonprofit in the Recreation & Sports sector that reported $172K in total revenue in fiscal year 2021. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $207K exceeded revenue, resulting in a 20% operating deficit.

Mission

To promote swimming in the Saint Paul, Minnesota metropolitan area.

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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 (2021)

Revenue Breakdown

Contributions & Grants $26,280

Program Service Revenue $145,146

Investment Income $0

Other Revenue $230

TOTAL REVENUE $171,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,051

Fundraising Expenses $0

Program Expenses $163,626

Other Expenses $71,593

TOTAL EXPENSES $206,644

Year-over-Year Comparison

	2021	2020	Change
Revenue	$171,656	$311,391	-0.4%
Expenses	$206,644	$246,677	-0.2%
Net Income	$-34,988	$64,714	-1.5%

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

150

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

$40,025

Total Directors

$40,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Lundsten	Co-President	40	Officer Director	$30,146	$0	$30,146
Paul Lundsten	Co-President	40	Officer Director	$9,879	$0	$9,879
Sarah Baumberger	Treasurer	0.25	Officer Director	$0	$0	$0
Susan Bougie	Secretary	0.25	Officer Director	$0	$0	$0
Shannon Ingersoll	Board Member	0.25	Director	$0	$0	$0
Julie Heer	Board Member	0.25	Director	$0	$0	$0
Arif Mamdani	Board Member	0.25	Director	$0	$0	$0
Mike Steineman	Board Member	0.25	Director	$0	$0	$0
Renee Holst	Board Member	0.25	Director	$0	$0	$0
Katie Magnuson	Board Member	0.25	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
2022	$171,656	$206,644	$49,146	$-34,988
2021	$311,391	$246,677	$110,154	$64,714
2020	$137,351	$239,775	$51,253	$-102,424
2019	$340,594	$346,085	$139,662	$-5,491
2018	$343,393	$346,870	$127,028	$-3,477

STAR SWIM CLUB INC