FREDERICK AREA SWIM TEAM INC (EIN 521798094) - 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

1992

Legal Domicile

Principal Officer

Cheryl Linscott

Phone

7035872073

Tax Period

2023-01-01 to 2023-12-31

FREDERICK AREA SWIM TEAM INC, founded in 1992, is a small nonprofit in the Recreation & Sports sector that reported $383K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 19% operating margin.

Mission

Promote development of health and total fitness for youth through sport of swimming that provides opportunity for skill practice and competition.

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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 $1,231

Program Service Revenue $347,761

Investment Income $10,682

Other Revenue $23,014

TOTAL REVENUE $382,688

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $200,233

Fundraising Expenses $0

Program Expenses $283,811

Other Expenses $99,134

TOTAL EXPENSES $309,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,688	$288,684	+0.3%
Expenses	$309,485	$240,192	+0.3%
Net Income	$73,203	$48,492	+0.5%

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

$111,615

Total Directors

$111,615

Key Employees

$108,672

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheryl Linscott	Head Coach	60.00	Officer Director Key Emp Highest	$90,150	$1,187	$91,337
Bill Wells	Treasurer	15.00	Officer Director Key Emp	$17,335	$0	$17,335
Sarah Wirth	President	10.00	Officer Director	$0	$2,943	$2,943
Bill Carliss	Vice President	4.00	Officer Director	$0	$0	$0
Lara Keefer	Secretary	1.00	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
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

FREDERICK AREA SWIM TEAM INC