The Capitol Sea Devils Swim Team Inc

EIN: 521035544 501(c)(3)

Sterling, VA

Total Revenue
$1,244,226
Total Expenses
$1,062,117
Total Assets
$991,000
Net Assets
$651,474
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
VA
Principal Officer
Sam Brownell
Phone
7038674779
Tax Period
2022-09-01 to 2023-08-31

The Capitol Sea Devils Swim Team Inc, founded in 1975, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 15% surplus.

Mission

The mission of the Organization is to provide safe instruction and training for competitive swimming.

Program Service Accomplishments

Program 1
Expenses: $766,651 Revenue: $1,137,148

Competitive and Non-competitive Swim Program: Tuition is collected from 485 registered swimmers. Expenses paid to provide the swim training and instruction include pool and facility rental time...

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Competitive and Non-competitive Swim Program: Tuition is collected from 485 registered swimmers. Expenses paid to provide the swim training and instruction include pool and facility rental time, coach salaries, athlete registrations, meet entries and insurance payments.

Program 2
Expenses: $68,261 Revenue: $94,205

Events, Program, Hosting/Travelling to Swim Meets: The team hosts several swim meets during the year. Meet entries and associated fees from visiting teams and travel meet fees were collected. Related...

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Events, Program, Hosting/Travelling to Swim Meets: The team hosts several swim meets during the year. Meet entries and associated fees from visiting teams and travel meet fees were collected. Related expenses include pool & facility rental, PVS meet entry fees, hospitality room refreshments, and equipment rentals. The team also traveled to 1 swim meet outside the immediate local area. Swimmers and chaperones pay for their share of the travel and hotel costs. The team paid for 3 coaches to attend.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,231,353
Investment Income $12,873
Other Revenue $0
TOTAL REVENUE $1,244,226

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,712
Fundraising Expenses $0
Program Expenses $834,912
Other Expenses $639,405
TOTAL EXPENSES $1,062,117

Year-over-Year Comparison

2022 2021 Change
Revenue $1,244,226 $1,098,234 +0.1%
Expenses $1,062,117 $1,121,510 -0.1%
Net Income $182,109 $-23,276 -8.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
2
Employees
33
Volunteers
100

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
3
$130,554
Total Directors
6
$130,554
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Melanie MuKula Executive Director 30.00
Officer Director
$98,033 $3,921 $101,954
Sam Brownell President/Treasurer 4.00
Officer Director
$12,500 $500 $13,000
Kelly Weaver Secretary/Bookkeeper 6.00
Officer Director
$15,000 $600 $15,600
Meghan Latcovich Board Member 2.00
Director
$0 $0 $0
Zoomie Zein Board member/Director of Activities 2.50
Director
$0 $0 $0
Ulli Klenke Board Member/Director of Officials 2.50
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 $1,244,226 $1,062,117 $991,000 $182,109
2022 $1,098,234 $1,121,510 $741,563 $-23,276
2021 $571,369 $696,764 $722,470 $-125,395
2020 $1,102,966 $1,020,205 $714,715 $82,761
2019 $1,360,323 $1,324,193 $931,924 $36,130
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