SIOUX FALLS SWIM TEAM INC (EIN 460343732) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

SHANNA WAGERS

Phone

6053760074

Tax Period

2023-09-01 to 2024-08-31

Sioux Falls Swim Team Inc, founded in 1977, is a small nonprofit in the Recreation & Sports sector that reported $347K in total revenue in fiscal year 2017. Revenue decreased 20% compared to the prior year. Expenses of $327K left a modest 6% surplus.

Mission

TO FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION BY ORGANIZATION AND OPERATING A COMPETITIVE SWIM CLUB TEAM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,614

Program Service Revenue $417,906

Investment Income $2,265

Other Revenue $3,778

TOTAL REVENUE $463,563

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $181,350

Fundraising Expenses $0

Program Expenses $462,223

Other Expenses $293,077

TOTAL EXPENSES $475,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$463,563	$480,629	0.0%
Expenses	$475,427	$464,031	+0.0%
Net Income	$-11,864	$16,598	-1.7%

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

185

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
WENDY KAY	PRESIDENT	10.00	Officer Director	$0	$0	$0
SHANNA WAGERS	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN PEDERSON	TREASURER	15.00	Officer Director	$0	$0	$0
MOLLY RITTER	SECRETARY	5.00	Officer Director	$0	$0	$0
NATE REIT	DIRECTOR	15.00	Director	$0	$0	$0
ALLISON GABRIEL	DIRECTOR	5.00	Director	$0	$0	$0
JORDAN HARRIS	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN PASS	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTINE SKORJANEC	DIRECTOR	5.00	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
2024	$463,563	$475,427	$305,873	$-11,864
2023	$480,629	$464,031	$318,389	$16,598
2022	$470,117	$380,830	$292,639	$89,287
2021	$457,354	$286,241	$203,535	$171,113
2020	$249,678	$304,855	$78,361	$-55,177
2019	$373,482	$339,475	$105,218	$34,007
2018	$347,151	$326,628	$66,712	$20,523

SIOUX FALLS SWIM TEAM INC