Almaden Riptides (EIN 463389957) - 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

2013

Legal Domicile

Phone

4082399777

Tax Period

2023-09-01 to 2024-08-31

Almaden Riptides, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $230K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $279K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO DEVELOP AN AQUATICS PROGRAM THAT TEACHES AND TRAINS ALL LEVELS OF SWIMMERS, EMPHASIZING INDIVIDUAL PROGRESS, TEAM UNITY AND FAMILY PARTICIPATION. THE TEAM IS COMMITTED TO EXCELLENCE AND DEDICATED TO DEVELOPING ATHLETES TO THEIR FULL POTENTIAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $229,990

Investment Income $3

Other Revenue $0

TOTAL REVENUE $229,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,268

Fundraising Expenses $0

Program Expenses $279,354

Other Expenses $134,085

TOTAL EXPENSES $279,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,993	$286,349	-0.2%
Expenses	$279,353	$290,374	0.0%
Net Income	$-49,360	$-4,025	+11.3%

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

N/A

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

$63,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kyle Kikuta	President	15.00	Officer	$63,850	$0	$63,850
Karen Rockwell	Treasurer	0.50	Officer	$0	$0	$0
Cathy Shin	Communications	0.50	Officer	$0	$0	$0
Eric Burk	SafeSport	0.50	Officer	$0	$0	$0
Carol Chiu	Registration	0.50	Officer	$0	$0	$0
Katie Ciciarelli	Team Manager	0.50	Officer	$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	$229,993	$279,353	$52,455	$-49,360
2023	$286,349	$290,374	$115,485	$-4,025
2022	$289,100	$255,724	$119,510	$33,376
2021	$252,456	$257,897	$86,134	$-5,441
2020	$254,584	$229,018	$77,905	$25,566

Almaden Riptides