HIGH POINT SWIM CLUB 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

1960

Legal Domicile

Principal Officer

KAREN SMITH

Phone

3368874772

Tax Period

2024-10-01 to 2025-09-30

HIGH POINT SWIM CLUB INC, founded in 1960, is a small nonprofit in the Recreation & Sports sector that reported $147K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $242K exceeded revenue, resulting in a 65% operating deficit.

Mission

TO TRAIN SWIMMERS FOR COMPETITION AND TO PROMOTE THE SPORT OF SWIMMING

Program Service Accomplishments

Program 1

Expenses: $234,441

CONDUCT COMPETITIVE SWIM MEETS FOR SWIMMERS, PROVIDE SWIM LESSONS AND SUPPORT SWIMMERS WITH PROPER EQUIPMENT AND FACILITIES FOR 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $130,923

Investment Income $4,392

Other Revenue $11,785

TOTAL REVENUE $147,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,995

Fundraising Expenses $0

Program Expenses $234,441

Other Expenses $106,759

TOTAL EXPENSES $242,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,100	$180,724	-0.2%
Expenses	$242,348	$253,212	0.0%
Net Income	$-95,248	$-72,488	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA KING	PRESIDENT	0.50	Officer Director	$0	$0	$0
KIM LOVE	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
KAREN SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
LYNDA BIALOBREZSKI	SECRETARY	0.25	Officer Director	$0	$0	$0
BRAD PROCTON	BOARD MEMBER	0.25	Director	$0	$0	$0
CANDICE RIDGE	AT LARGE	0.25	Director	$0	$0	$0
ERIC BRACKEN	AT LARGE	0.25	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
2025	$147,100	$242,348	$614,366	$-95,248
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