RALEIGH SWIMMING ASSOCIATION (EIN 561312540) - 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

1959

Legal Domicile

Principal Officer

ANDY LANSDOWNE

Phone

9198594881

Tax Period

2024-09-01 to 2025-08-31

RALEIGH SWIMMING ASSOCIATION, founded in 1959, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE AQUATIC PROGRAMMING IN A SAFE, HEALTHY, POSITIVE ENVIRONMENT THAT FOSTERS GOOD SPORTSMANSHIP, TEAMWORK, AND LEADERSHIP FOR ALL AGES AND ABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,343,828

Program Service Revenue $722,330

Investment Income $8,613

Other Revenue $-11,708

TOTAL REVENUE $2,063,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $899,330

Fundraising Expenses $15,014

Program Expenses $1,807,539

Other Expenses $1,194,507

TOTAL EXPENSES $2,093,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,063,063	$2,136,652	0.0%
Expenses	$2,093,837	$2,027,680	+0.0%
Net Income	$-30,774	$108,972	-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

Volunteers

330

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
ANDY LANSDOWNE	PRESIDENT	2.50	Officer Director	$0	$0	$0
JOSH WILLIAMS	VICE PRESIDENT	1.25	Officer Director	$0	$0	$0
JEREMY DOTT	TREASURER	3.75	Officer Director	$0	$0	$0
RYAN BRUMBACK	SECRETARY	1.25	Officer Director	$0	$0	$0
DANA BYRD	BOARD MEMBER	1.25	Director	$0	$0	$0
KEITH HEMMER	BOARD MEMBER	1.25	Director	$0	$0	$0
PATRICK JOHNSON	BOARD MEMBER	1.25	Director	$0	$0	$0
ROB PEREIRA	BOARD MEMBER	1.25	Director	$0	$0	$0
JASON STONE	BOARD MEMBER	1.25	Director	$0	$0	$0
BRENT ST PIERRE	HEAD COACH	40.00	Highest	$102,767	$3,038	$105,805

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	$2,063,063	$2,093,837	$2,740,443	$-30,774
2024	$2,136,652	$2,027,680	$2,890,406	$108,972
2023	$2,054,775	$2,062,458	$3,035,978	$-7,683
2022	$2,156,316	$1,933,861	$3,136,776	$222,455
2021	$1,555,680	$1,289,553	$3,125,414	$266,127
2020	$1,398,880	$1,233,920	$2,962,296	$164,960
2019	$1,182,504	$1,107,942	$2,742,284	$74,562
2018	$1,121,989	$1,050,044	$2,705,860	$71,945

RALEIGH SWIMMING ASSOCIATION