KLEIN SWIM ACADEMY INC (EIN 464112757) - 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

Principal Officer

IRA KLEIN

Phone

9419287946

Tax Period

2023-01-01 to 2023-12-31

KLEIN SWIM ACADEMY INC, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $512K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

OUR MISSION AT THE SARASOTA SWIM ACADEMY IS TO HELP OUR COMMUNITY'S CHILDREN GROW INTO HAPPY, HEALTHY, RESPONSIBLE ADULTS BY INSTILLING CONFIDENCE AND BUILDING POSITIVE LEARNING ATTITUDES FOR LIFE THROUGH 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $511,359

Investment Income $148

Other Revenue $0

TOTAL REVENUE $511,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,813

Fundraising Expenses $0

Program Expenses $477,184

Other Expenses $226,384

TOTAL EXPENSES $546,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$511,507	$551,476	-0.1%
Expenses	$546,197	$530,889	+0.0%
Net Income	$-34,690	$20,587	-2.7%

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

N/A

Volunteers

400

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

$96,000

Total Directors

$140,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES WARNER	DIRECTOR	1.00	Director	$0	$0	$0
IRA KLEIN	PRESIDENT	40.00	Officer Director	$78,000	$0	$78,000
CYNTHIA KLEIN	TREASURER	25.00	Officer Director	$18,000	$0	$18,000
LISA REPASSY	DIRECTOR	25.00	Director	$44,700	$0	$44,700
JULIE SANTIAGO	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$511,507	$546,197	$78,190	$-34,690
2022	$551,476	$530,889	$103,298	$20,587
2021	$502,370	$501,139	$80,673	$1,231
2020	$349,834	$350,003	$77,187	$-169
2019	$450,589	$465,751	$81,266	$-15,162
2018	$430,636	$417,713	$95,755	$12,923

KLEIN SWIM ACADEMY INC