FREDERICK AREA SWIM TEAM INC

EIN: 521798094 501(c)(3) Recreation & Sports

Frederick, MD

Total Revenue
$428,562
Total Expenses
$276,081
Total Assets
$827,626
Net Assets
$815,819
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MD
Principal Officer
Cheryl Linscott
Phone
7035872073
Tax Period
2025-01-01 to 2025-12-31

FREDERICK AREA SWIM TEAM INC, founded in 1992, is a small nonprofit in the Recreation & Sports sector that reported $429K in total revenue in fiscal year 2025. The organization ran a surplus of $152K, a strong 36% operating margin.

Mission

Youth development through the sport of swimming to promote improved health and total fitness for all skill levels by providing the opportunity for structured practice and competition.

Program Service Accomplishments

Program 1
Expenses: $232,007 Revenue: $356,396

Competitive swimming and practice workouts through development of swim strokes and techniques that foster athletic skill, fitness and achievement for over 215 youth members that include measures of...

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Competitive swimming and practice workouts through development of swim strokes and techniques that foster athletic skill, fitness and achievement for over 215 youth members that include measures of performance at over 20 swim competition meets throughout the year.

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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 (2025)

Revenue Breakdown

Contributions & Grants $312
Program Service Revenue $356,396
Investment Income $35,206
Other Revenue $36,648
TOTAL REVENUE $428,562

Expense Breakdown

Grants Paid $0
Salaries & Benefits $253,256
Fundraising Expenses $0
Program Expenses $232,007
Other Expenses $18,184
TOTAL EXPENSES $276,081

Year-over-Year Comparison

2025 2024 Change
Revenue $428,562 $416,708 +0.0%
Expenses $276,081 $319,502 -0.1%
Net Income $152,481 $97,206 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
24
Volunteers
9

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
5
$142,317
Total Directors
5
$142,317
Key Employees
2
$142,317
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cheryl Linscott Head Coach 60
Officer Director Key Emp Highest
$104,684 $1,725 $106,409
Bill Wells Treasurer 15
Officer Director Key Emp
$35,908 $0 $35,908
Ama Asare Secretary 10
Officer Director
$0 $0 $0
Bill Carliss Vice President 4
Officer Director
$0 $0 $0
Lara Keefer President 1
Officer 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
2025 $428,562 $276,081 $827,626 $152,481
2024 No data No data No data No data
2023 $382,688 $309,485 $574,895 $73,203
2022 $288,684 $240,192 $499,688 $48,492
2021 $251,015 $246,613 $450,219 $4,402
2020 $325,712 $207,769 $457,136 $117,943
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