Aquanauts Adaptive Aquatics Inc (EIN 463960661) - 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

2014

Legal Domicile

Principal Officer

Serena Barghahn

Phone

8772782824

Tax Period

2023-01-01 to 2023-12-31

Aquanauts Adaptive Aquatics Inc, founded in 2014, is a small nonprofit in the Health Care sector that reported $129K in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $288K exceeded revenue, resulting in a 124% operating deficit.

Mission

Our mission is to provide the adaptive sport of SCUBA Diving for the benefit of military veterans, people living with disabilities, and other special needs groups.

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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 $128,759

Program Service Revenue $100

Investment Income $0

Other Revenue $0

TOTAL REVENUE $128,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,136

Other Expenses $288,284

TOTAL EXPENSES $288,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,859	$62,227	+1.1%
Expenses	$288,284	$109,696	+1.6%
Net Income	$-159,425	$-47,469	+2.4%

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
Serena Barghahn	President/Treasurer	050.00	Officer Director	$0	$0	$0
Marvin Wolf	Secretary	002.00	Director	$0	$0	$0
Melina Degelsmith	Director	002.00	Director	$0	$0	$0
Worth O'Brien	Director	030.00	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
2023	$128,859	$288,284	$856	$-159,425

Aquanauts Adaptive Aquatics Inc