CITY SWIM PROJECT INC (EIN 460526467) - 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

2012

Legal Domicile

Phone

7167681530

Tax Period

2024-07-01 to 2025-06-30

CITY SWIM PROJECT INC, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $523K in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $207K, a strong 40% operating margin.

Mission

BUFFALO CITY SWIM RACERS IS A NEIGHBORHOOD-BASED PROGRAM TARGETING YOUTH POPULATIONS IN THE CITY OF BUFFALO UNDERREPRESENTED IN THE SPORT OF SWIMMING.

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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 $515,803

Program Service Revenue $6,137

Investment Income $0

Other Revenue $1,424

TOTAL REVENUE $523,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,008

Fundraising Expenses $15,059

Program Expenses $270,778

Other Expenses $67,950

TOTAL EXPENSES $315,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,364	$265,328	+1.0%
Expenses	$315,958	$324,003	0.0%
Net Income	$207,406	$-58,675	-4.5%

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

N/A

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

$25,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE SWITALSKI	Executive Dir.	12.00	Officer	$25,000	$0	$25,000
MICHAEL TELESCO	President	1.00	Officer Director	$0	$0	$0
BARRETT WESLEY ERBE	Vice President	1.00	Officer Director	$0	$0	$0
CHARISSE M FREEMAN	Treasurer	1.00	Officer Director	$0	$0	$0
JEAN R LALOMIA	Secretary	1.00	Officer Director	$0	$0	$0
RICARDO L MARABLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS A WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTY M MICHALEK	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD S BLEICHFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNETTA M WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
YVONNE T DUBOIS	BOARD MEMBER	1.00	Director	$0	$0	$0
NEKIA JOY DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOCELYN VAY GUTHRIE	BOARD MEMBER	1.00	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
2025	$523,364	$315,958	$394,889	$207,406
2024	$265,328	$324,002	$179,186	$-58,674
2023	$520,192	$379,974	$239,196	$140,218
2022	$210,708	$367,818	$90,489	$-157,110
2021	$154,352	$258,602	$251,220	$-104,250
2020	$299,804	$225,356	$209,000	$74,448

CITY SWIM PROJECT INC