Holland Community Aquatic Center Foundation (EIN 461157667) - 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

2019

Legal Domicile

Principal Officer

Tom Seiff

Phone

6163937595

Tax Period

2024-07-01 to 2025-06-30

Holland Community Aquatic Center Foundation, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $102K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring.

Mission

To support enhancement of the renovation and expansion bond in process and provide funding opportunities, scholarship opportunities, and to promote water safety.

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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 $102,286

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $102,303

Expense Breakdown

Grants Paid $102,991

Salaries & Benefits $0

Fundraising Expenses $1,538

Program Expenses $102,991

Other Expenses $4,079

TOTAL EXPENSES $107,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,303	$197,378	-0.5%
Expenses	$107,070	$248,526	-0.6%
Net Income	$-4,767	$-51,148	-0.9%

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

N/A

Volunteers

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
Tom Seiff	President	2.00	Officer Director	$0	$0	$0
Mike Lehmann	Vice President/Treasurer	2.00	Officer Director	$0	$0	$0
Scott Tyler	Secretary	2.00	Officer Director	$0	$0	$0
Liz Colburn	Director	2.00	Director	$0	$0	$0
Gordon Julius	Director	2.00	Director	$0	$0	$0
Donna Berkey Lowry	Director	2.00	Director	$0	$0	$0
Elizabeth Bocks	Director	2.00	Director	$0	$0	$0
Fadi Maalouf	Director	2.00	Director	$0	$0	$0
Amanda Duimstra	Director	2.00	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	$102,303	$107,070	$1,543	$-4,767
2024	$197,378	$248,526	$7,902	$-51,148
2023	$441,924	$1,371,651	$57,214	$-929,727
2022	$1,564,696	$1,557,066	$987,560	$7,630
2021	$1,029,008	$79,645	$964,226	$949,363

Holland Community Aquatic Center Foundation