NICA NADADORES INC

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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

KYLE SHOEMAKER

Phone

9088922374

Tax Period

2023-01-01 to 2023-12-31

NICA NADADORES INC, founded in 2014, is a small nonprofit in the Youth Development sector that reported $270K in total revenue in fiscal year 2023. The organization ran a surplus of $131K, a strong 49% operating margin.

Mission

YOUTH DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $70,491

WE PROVIDE ACADEMIC SCHOLARSHIPS TO CHILDREN WHO SHOW COMMITMENT TO OUR MISSION OF BUILDING THE NEXT GENERATION OF LEADERS. WE GAVE 58 SCHOLARSHIPS TO STUDENTS IN 2023. INCLUDED ARE TUITION, BOOKS...

WE PROVIDE ACADEMIC SCHOLARSHIPS TO CHILDREN WHO SHOW COMMITMENT TO OUR MISSION OF BUILDING THE NEXT GENERATION OF LEADERS. WE GAVE 58 SCHOLARSHIPS TO STUDENTS IN 2023. INCLUDED ARE TUITION, BOOKS AND SUPPLIES, UNIFORMS, ACTIVITY FEES AND TRANSPORTATION.

Program 2

Expenses: $55,386

OUR PROGRAM IS STRUCTURED SIMILAR TO STUDENT-ATHLETE PROGRAMS IN THE USA. WE RUN A SWIM TEAM WITH 163 CHILDREN IN LOW INCOME COMMUNITIES IN SOUTHWEST MANAGUA. WE TEACH NEW SWIMMERS AND GO TO...

OUR PROGRAM IS STRUCTURED SIMILAR TO STUDENT-ATHLETE PROGRAMS IN THE USA. WE RUN A SWIM TEAM WITH 163 CHILDREN IN LOW INCOME COMMUNITIES IN SOUTHWEST MANAGUA. WE TEACH NEW SWIMMERS AND GO TO COMPETITIONS IN AND AROUND MANAGUA.

Program 3

Expenses: $1,343

WE BUILD LEADERS THROUGH VOLUNTEER PROGRAMMING. PERIODICALLY WE HOST VOLUNTEERS WHO COACH AND MENTOR OUR STUDENT-ATHLETES AND HELPED BUILD THE PROGRAM INTO A MORE SUSTAINABLE OPERATION THROUGH...

WE BUILD LEADERS THROUGH VOLUNTEER PROGRAMMING. PERIODICALLY WE HOST VOLUNTEERS WHO COACH AND MENTOR OUR STUDENT-ATHLETES AND HELPED BUILD THE PROGRAM INTO A MORE SUSTAINABLE OPERATION THROUGH PROCESS IMPROVEMENTS.

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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 $269,870

Program Service Revenue $0

Investment Income $13

Other Revenue $0

TOTAL REVENUE $269,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,690

Fundraising Expenses $0

Program Expenses $127,220

Other Expenses $109,166

TOTAL EXPENSES $138,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,883	$280,766	0.0%
Expenses	$138,856	$148,873	-0.1%
Net Income	$131,027	$131,893	0.0%

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

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

$27,225

Total Directors