SEVERNA PARK SWIMMING ASSOCIATION INC

EIN: 521891278 501(c)(3) Recreation & Sports

Severna Park, MD

Total Revenue
$543,643
Total Expenses
$545,897
Total Assets
$94,663
Net Assets
$85,115
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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
1993
Legal Domicile
MD
Principal Officer
Brian Berning
Phone
4106475843
Tax Period
2024-06-01 to 2025-05-31

SEVERNA PARK SWIMMING ASSOCIATION INC, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $544K in total revenue in fiscal year 2024.

Mission

To promote a program of competitive swimming to the community and surrounding neighborhoods.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,720
Program Service Revenue $539,641
Investment Income $0
Other Revenue $-6,718
TOTAL REVENUE $543,643

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,351
Fundraising Expenses $0
Program Expenses $545,897
Other Expenses $405,546
TOTAL EXPENSES $545,897

Year-over-Year Comparison

2024 2023 Change
Revenue $543,643 $548,919 0.0%
Expenses $545,897 $561,727 0.0%
Net Income $-2,254 $-12,808 -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

Financial Distress Indicator

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
10
Independent Members
10
Employees
10
Volunteers
128

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Meghan Hance Secretary 0
Officer
$0 $0 $0
Brian Berning President 0
Officer
$0 $0 $0
Laura Costa Vice President 0
Officer
$0 $0 $0
Andrea Cognetti Treasurer 0
Officer
$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 $543,643 $545,897 $94,663 $-2,254
2024 $548,919 $561,727 $94,974 $-12,808
2023 $482,641 $526,448 $105,525 $-43,807
2022 $429,465 $403,660 $153,976 $25,805
2021 $281,217 $352,885 $165,697 $-71,668
2019 $462,881 $479,570 $137,056 $-16,689
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