SOUTH JERSEY AQUATIC CLUB (EIN 473425705) - 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

2015

Legal Domicile

Principal Officer

KRISTEN HOLCROFT

Phone

8563353007

Tax Period

2023-09-01 to 2024-08-31

SOUTH JERSEY AQUATIC CLUB, founded in 2015, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF SOUTH JERSEY AQUATIC CLUB (SJAC) IS TO PROVIDE QUALITY RECREATIONAL AND COMPETITIVE SWIM INSTRUCTION AND TEACH OVERALL WATER SAFETY SKILLS TO ALL MEMBERS OF THE COMMUNITY, REGARDLESS OF AGE OR ABILITY. THE LONG-TERM FOCUS IS LIFE-LONG DEVELOPMENT OF TOTAL MIND AND BODY HEALTH.

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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 $8,033

Program Service Revenue $1,521,305

Investment Income $1,055

Other Revenue $-1,409

TOTAL REVENUE $1,528,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $509,850

Fundraising Expenses $3,030

Program Expenses $1,445,008

Other Expenses $1,075,922

TOTAL EXPENSES $1,585,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,528,984	$1,366,255	+0.1%
Expenses	$1,585,772	$1,587,546	0.0%
Net Income	$-56,788	$-221,291	-0.7%

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

Volunteers

500

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

$79,983

Total Directors

$91,506

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER HOLCROFT	PRESIDENT	40.00	Officer Director	$79,983	$0	$79,983
TIM HOLCROFT	BOARD MEMBER	4.00	Director	$11,523	$0	$11,523
SCOTT PETERS	VICE PRESIDENT/SECRETARY	0.20	Officer Director	$0	$0	$0
SHAWN WATSON	TREASURER	0.20	Officer Director	$0	$0	$0
GREGORY BARONE	BOARD MEMBER	0.20	Director	$0	$0	$0
JONATHAN MASLOW	BOARD MEMBER	0.20	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	$1,528,984	$1,585,772	$43,686	$-56,788
2023	$1,366,255	$1,587,546	$49,375	$-221,291
2022	$1,615,056	$1,497,528	$164,803	$117,528
2021	$1,185,963	$1,240,333	$176,269	$-54,370
2020	$954,593	$1,046,966	$226,613	$-92,373
2019	$1,138,578	$1,136,946	$129,132	$1,632
2018	$959,846	$956,745	$79,187	$3,101

SOUTH JERSEY AQUATIC CLUB