BLACK HAWK SWIMMING ASSOCIATION INC (EIN 421131996) - 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

1981

Legal Domicile

Principal Officer

ERICA COOK

Phone

3192908165

Tax Period

2024-09-01 to 2025-08-31

BLACK HAWK SWIMMING ASSOCIATION INC, founded in 1981, is a small nonprofit in the Recreation & Sports sector that reported $221K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $281K exceeded revenue, resulting in a 27% operating deficit.

Mission

EDUCATIONAL TRAINING FOR SWIMMERS OF VARIOUS LEVELS IN APPROPRIATE SWIMMING AND CONDITIONAL METHODS.

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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 $174,747

Program Service Revenue $40,951

Investment Income $4,995

Other Revenue $0

TOTAL REVENUE $220,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,210

Fundraising Expenses $0

Program Expenses $280,707

Other Expenses $129,497

TOTAL EXPENSES $280,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,693	$240,780	-0.1%
Expenses	$280,707	$291,239	0.0%
Net Income	$-60,014	$-50,459	+0.2%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUNNA HARTSOCK	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN FLIKKEMA	TREASURER	1.00	Officer Director	$0	$0	$0
JAKOB ELMQUIST	DIRECTOR	0.50	Director	$0	$0	$0
JOSH BEVINS	DIRECTOR	0.50	Director	$0	$0	$0
ERICA COOK	DIRECTOR	0.50	Director	$0	$0	$0
TRAE HOWE	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
LISA SCHWEIGEL	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH STEWART	SECRETARY	0.50	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	$220,693	$280,707	$155,717	$-60,014
2024	$240,780	$291,239	$214,948	$-50,459
2023	$262,135	$260,809	$258,869	$1,326
2022	$283,423	$250,556	$238,427	$32,867
2021	$258,864	$207,030	$238,934	$51,834
2020	$228,738	$196,369	$202,331	$32,369
2019	$288,166	$286,454	$127,841	$1,712
2018	$248,720	$278,551	$120,139	$-29,831

BLACK HAWK SWIMMING ASSOCIATION INC