HIGH POINT SWIM CLUB INC (EIN 566060981) - 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

1960

Legal Domicile

Principal Officer

JENNY MURRAY

Phone

3368874772

Tax Period

2023-10-01 to 2024-09-30

HIGH POINT SWIM CLUB INC, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $181K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO TRAIN SWIMMERS FOR COMPETITION AND TO PROMOTE THE SPORT OF 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 (2023)

Revenue Breakdown

Contributions & Grants $857

Program Service Revenue $155,258

Investment Income $6,637

Other Revenue $17,972

TOTAL REVENUE $180,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,717

Fundraising Expenses $0

Program Expenses $235,375

Other Expenses $118,319

TOTAL EXPENSES $253,212

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,724	$248,580	-0.3%
Expenses	$253,212	$312,131	-0.2%
Net Income	$-72,488	$-63,551	+0.1%

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

100125

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

$20,992

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON REEVES	CEO	40.00	Officer	$20,992	$0	$20,992
MELINDA KING	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
KIMBERLY LOVE	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNY MURRAY	TREASURER	2.00	Officer Director	$0	$0	$0
BRAD PROCTON	AT LARGE MEM	1.00	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
2024	$180,724	$253,212	$733,836	$-72,488
2023	$248,580	$312,131	$786,061	$-63,551
2022	$269,860	$302,644	$844,005	$-32,784
2021	$289,612	$280,744	$974,717	$8,868
2020	$745,330	$330,511	$997,458	$414,819
2019	$285,608	$287,390	$562,713	$-1,782
2018	$304,887	$299,616	$514,249	$5,271

HIGH POINT SWIM CLUB INC