MID-HUDSON AQUATICS 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

GALEN FRANCHEK

Phone

8454894501

Tax Period

2024-01-01 to 2024-12-31

MID-HUDSON AQUATICS INC, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $234K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $214K left a modest 9% surplus.

Mission

AN ORGANIZATION DEDICATED TO PROMOTE AQUATIC AWARENESS THROUGH TEACHING CONFIDENCE IN WATER SAFETY, LEARN TO SWIM, FITNESS AND COMPETITION WITH AN EMPHASIS ON DIVERSITY AND INCLUSION.

Program Service Accomplishments

Program 1

Expenses: $204,812 Revenue: $195,087

PROVIDE WATER SAFETY AND FITNESS THROUGH SWIM LESSONS AND COMPETITIVE SWIMMING. SWIM LESSONS FOR BABIES STARTING AT 18 MONTHS INCLUDING TODDLERS, TEENAGERS,AND ADULTS. COMPETATIVE SWIMMING WITH A USA...

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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 $39,250

Program Service Revenue $195,087

Investment Income $24

Other Revenue $0

TOTAL REVENUE $234,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,039

Fundraising Expenses $0

Program Expenses $204,812

Other Expenses $83,690

TOTAL EXPENSES $213,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,361	$188,439	+0.2%
Expenses	$213,729	$180,547	+0.2%
Net Income	$20,632	$7,892	+1.6%

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

$36,206

Total Directors

$28,152

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GALEN FRANCHEK	PRESIDENT	20.00	Officer	$28,500	$0	$28,500
JOHN F BERRIO	TREASURER	20.00	Director	$28,152	$0	$28,152
JOSEPH ZARELLA	VICE-PRESIDE	2.00	Officer	$7,706	$0	$7,706
JULIANNE MACDONALD	SECRETARY	2.00	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	$234,361	$213,729	$44,281	$20,632
2023	$188,439	$180,547	$23,649	$7,892
2022	$129,646	$137,524	$16,209	$-7,878
2021	$68,383	$61,571	$24,332	$6,812
2020	$53,154	$44,266	$16,823	$8,888
2019	$102,321	$100,955	$7,935	$1,366