CHARLOTTE SWIMMING CLUB INC (EIN 560596555) - 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

1953

Legal Domicile

Principal Officer

MATT WEST

Tax Period

2022-11-01 to 2023-10-31

CHARLOTTE SWIMMING CLUB INC, founded in 1953, is a small nonprofit in the Recreation & Sports sector that reported $515K in total revenue in fiscal year 2022. Net assets of $1.7M represent 39 months of operating reserves.

Mission

PROVIDES A SWIMMING POOL FOR THE ENJOYMENT OF THE MEMBERSHIP. ALSO PROVIDES THE OPPORTUNITY FOR CHILDREN OF THE MEMBERSHIP TO PARTICIPATE ON A SWIM TEAM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $465,643

Program Service Revenue $49,358

Investment Income $226

Other Revenue $0

TOTAL REVENUE $515,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $219,447

Other Expenses $553,174

TOTAL EXPENSES $553,174

Year-over-Year Comparison

	2022	2021	Change
Revenue	$515,227	$540,535	0.0%
Expenses	$553,174	$410,360	+0.3%
Net Income	$-37,947	$130,175	-1.3%

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

N/A

Volunteers

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT WEST	PRESIDENT	4.00	Officer Director	$0	$0	$0
CHARLES LISTON	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
WARREN HUNEYCUTT	TREASURER	4.00	Officer Director	$0	$0	$0
KELLI FERRY	DIRECTOR	3.00	Director	$0	$0	$0
KIM RICKENBAKER	DIRECTOR	3.00	Director	$0	$0	$0
GREG SHEAFFER	DIRECTOR	3.00	Director	$0	$0	$0
SARAH CREECH	DIRECTOR	3.00	Director	$0	$0	$0
TRACY SPIVA	DIRECTOR	3.00	Director	$0	$0	$0
ELIZABETH MORRISON	DIRECTOR	3.00	Director	$0	$0	$0
PETE HUNT	DIRECTOR	3.00	Director	$0	$0	$0
BREE DEVINE	DIRECTOR	3.00	Director	$0	$0	$0
AMY INGALLS	DIRECTOR	3.00	Director	$0	$0	$0
AMY REYNOLDS	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW TODD	DIRECTOR	3.00	Director	$0	$0	$0
JEFF NAKAYAMA	DIRECTOR	3.00	Director	$0	$0	$0
PETE JUNG	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTIE GARELLA	DIRECTOR	3.00	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
2023	$515,227	$553,174	$2,607,438	$-37,947
2022	$540,535	$410,360	$2,701,581	$130,175
2021	$814,617	$398,193	$1,602,377	$416,424
2020	$464,310	$396,223	$1,241,472	$68,087
2019	$443,986	$367,014	$1,235,891	$76,972
2018	$437,370	$360,287	$1,380,920	$77,083

CHARLOTTE SWIMMING CLUB INC