MECHANICSVILLE, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HANOVER AQUATICS INC, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $389K in total revenue in fiscal year 2018. Revenue fell 21% from the prior year — a significant decline worth monitoring.
MISSION: - TO PROVIDE EXCELLENCE IN TRAINING THROUGH PROFESSIONAL COACHING WHERE ALL SWIMMERS HAVE THE OPPORTUNITY TO ACHIEVE THEIR POTENTIAL AND COMPETE AT THEIR HIGHEST LEVEL. - TO DEVELOP DYNAMIC TEAM SPIRIT WHERE ALL SWIMMERS, COACHES AND FAMILIES ENCOURAGE AND SUPPORT EACH OTHER'S GOALS. - TO PROVIDE A PROGRAM THAT BELIEVES IN THE POWER OF TEACHING VALUABLE LIFE LESSONS THROUGH SWIMMING THAT TRANSLATES IN TO HIGH CHARACTER THAT PROMOTES SUCCESSES IN AND OUT OF THE WATER. - TO PROVIDE SAFETY, SUPPORT AND STRENGTH THROUGH THE SPORT OF SWIMMING. VISION: THROUGH THE SPORT OF COMPETITIVE SWIMMING INSTILL DEDICATION, DETERMINATION AND DESIRE FOR A LIFELONG LOVE OF SWIMMING AND TO BUILD A PROGRAM OF EXCELLENCE IN TRAINING, DYNAMIC TEAM SPIRIT, AND HIGH CHARACTER DEVELOPMENT WITH FAMILY SUPPORT WITH A SAFE ENVIRONMENT.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $591,304 | $541,847 | +0.1% |
| Expenses | $628,497 | $537,709 | +0.2% |
| Net Income | $-37,193 | $4,138 | -10.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOE STEPHENS | COACH | 3.50 |
Director
|
$47,667 | $0 | $47,667 |
| NICHOLE DEAL | DIRECTOR - O | 3.50 |
Director
|
$22,813 | $0 | $22,813 |
| MATT BUGIN | AT LARGE | 3.50 |
Director
|
$0 | $0 | $0 |
| CARRIE CONNOLLY | SECRETARY | 3.50 |
Director
|
$0 | $0 | $0 |
| KRISTI CROXTON | AL LARGE | 3.50 |
Director
|
$0 | $0 | $0 |
| JAMES GOODWILLIE | AT LARGE | 3.50 |
Director
|
$0 | $0 | $0 |
| CHRIS MINTON | PRESIDENT | 10.00 |
Director
|
$0 | $0 | $0 |
| MIKE REYNOLD | AT LARGE | 3.50 |
Director
|
$0 | $0 | $0 |
| ROY SABO | VICE PRESIDE | 3.50 |
Director
|
$0 | $0 | $0 |
| MATT ROSE | TREASURER | 10.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $591,304 | $628,497 | $71,244 | $-37,193 |
| 2024 | $541,847 | $537,709 | $109,331 | $4,138 |
| 2023 | $544,481 | $559,072 | $92,067 | $-14,591 |
| 2022 | $521,881 | $502,432 | $107,452 | $19,449 |
| 2021 | $445,719 | $389,784 | $114,101 | $55,935 |
| 2020 | $321,643 | $344,476 | $65,632 | $-22,833 |
| 2020 | $279,504 | $346,906 | $65,636 | $-67,402 |
| 2019 | $388,813 | $394,509 | $97,887 | $-5,696 |
Compare HANOVER AQUATICS INC with other nonprofits in Virginia and across the country.