CHARLOTTE SWIM ASSOCIATION INC

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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

1979

Legal Domicile

Principal Officer

ASHLEY KRETH

Phone

7043638314

Tax Period

2024-09-01 to 2025-08-31

CHARLOTTE SWIM ASSOCIATION INC, founded in 1979, is a small nonprofit in the Recreation & Sports sector that reported $894K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TRAINING AND EDUCATION OF AMATEUR SWIMMING. CONDUCTING SWIM MEETS FOR THE PURPOSE OF PROMOTING THE SPORT OF AMATEUR SWIMMING.

Program Service Accomplishments

Program 1

Expenses: $878,758

TRAINING AND EDUCATION OF AMATEUR SWIMMING.

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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 $518,279

Program Service Revenue $295,899

Investment Income $0

Other Revenue $80,189

TOTAL REVENUE $894,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $428,505

Fundraising Expenses $0

Program Expenses $937,004

Other Expenses $508,499

TOTAL EXPENSES $937,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$894,367	$816,816	+0.1%
Expenses	$937,004	$848,551	+0.1%
Net Income	$-42,637	$-31,735	+0.3%

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

N/A

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
JENNIFER HARDING	ASSISTANT TR	N/A	Officer	$0	$0	$0
ARI HARRIS	VICE PRESIDE	N/A	Officer	$0	$0	$0
ASHLEY KRETH	PRESIDENT	N/A	Officer	$0	$0	$0
JESSICA PICKMAN	SECRETARY	N/A	Officer	$0	$0	$0
KARLA YON	TREASURER	N/A	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	$894,367	$937,004	$361,825	$-42,637
2024	$816,816	$848,551	$404,462	$-31,735
2023	$704,405	$823,069	$436,197	$-118,664
2022	$832,030	$699,090	$554,861	$132,940
2021	$549,507	$569,950	$515,661	$-20,443
2020	$627,589	$586,198	$502,445	$41,391
2018	$692,042	$608,340	$346,056	$83,702