Oaklantis Swim Team

EIN: 474404482 501(c)(3)

Oakland, CA

Total Revenue
$287,372
Total Expenses
$273,539
Total Assets
$22,204
Net Assets
$20,703
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Phone
5105935319
Tax Period
2023-01-01 to 2023-12-31

Oaklantis Swim Team, founded in 2015, is a small nonprofit that reported $287K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $274K left a modest 5% surplus.

Mission

Swimming Lessons

Program Service Accomplishments

Program 1
Expenses: $257,932 Revenue: $287,372

Oaklantis is a new idea for East Oakland.Our mission is to expand access to swimming by building a high quality and high achieving swim program that is open and affordable to all.Here at Oaklantis we...

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Oaklantis is a new idea for East Oakland.Our mission is to expand access to swimming by building a high quality and high achieving swim program that is open and affordable to all.Here at Oaklantis we have a 'nobody turned away' policy. Oaklantis Swimming gives kids the chance to develop as athletes, mature into community-minded adolescents, and have the skill set to get recruited and swim in college.We are creating a path that begins with water safety and swim lessons, and continues all the way through high school and college.Oaklantis Swim Team provides a complete swim program:Starting with the beginner, we will teach basic water safety and provide the swimmer with skills to be "swim team ready."As swimmers continue through their high school years, Oaklantis Swim Team will teach them how to be athletes. Competing locally and nationally, we will teach swimmers how to set and achieve goals through integrity, dedication, and determination.Finally, our program strives to foster true and lasting enjoyment while participating in the sport of swimming. We provide our swimmers with the skill set and enthusiasm that will prepare them to swim in college and beyond.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $287,372
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $287,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,442
Fundraising Expenses $0
Program Expenses $257,932
Other Expenses $112,097
TOTAL EXPENSES $273,539

Year-over-Year Comparison

2023 2022 Change
Revenue $287,372 $216,086 +0.3%
Expenses $273,539 $208,599 +0.3%
Net Income $13,833 $7,487 +0.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
32
Volunteers
N/A

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
1
$47,032
Total Directors
3
$47,032
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Piankhi Gibson President & CEO 20.00
Officer Director
$47,032 $0 $47,032
Jeremy Ouellette Director 1.00
Director
$0 $0 $0
Evgenii Somov 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
2023 $287,372 $273,539 $22,204 $13,833
2022 $216,086 $208,599 $8,208 $7,487
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