MIDDLE GA AQUATICS INC (EIN 581627095) - 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

1985

Legal Domicile

Principal Officer

JASON SWAIM

Phone

4784771228

Tax Period

2023-01-01 to 2023-12-31

MIDDLE GA AQUATICS INC, founded in 1985, is a small nonprofit that reported $367K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF MIDDLE GA AQUATICS IS TO PROVIDE SWIM COACHING AND INSTRUCTION TO CHILDREN AGES 4-21. WE ARE DEDICATED TO THE DEVELOPMENT OF COMPETITIVE SWIMMERS OR ALL AGES AND ABILITIES. OUR PROGRAM UTILIZES A POSTIVIE SELF-IMAGE PSYCHOLOGY APPROACH TO EDUCATING AND TRAINING OUR STUDENTS. IT IT OUR BELIEF THAT SUCCESS IS A BY-PRODUCT OF A POSITIVE ENVIRONMENT AND A POSITIVE SELF-IMAGE. THE PROGRAM IS GEARED TO HELPEACH ATHLETE REALIZED HIS/HER POTENTIAL BY SUPPORTING THEIR EFFORTS IN A POSITIVE MANNER; BOTH IN AND BEYOND THE CONFINES OF THE POOL. MIDDLE GA AQUATICS STRIVES TO INSTILL AN UDNERSTING OF AND APPRECIATION FOR SUCH CONCEPTS AS HIGH SELF-ESTEEM, PERSONAL ACCOUNTABLILITY, SELF-DISCIPLINE, GOAL SETTING AND GOAL ACHIEVEMENT. WE KNOW THAT NOT EVERT SWIMMER WILL BE AN OLYMPIAN, BUT THEY CAN ALL LEARN, INTERNALIZE AND LIVE THE OLYMPIC IDEALS OF VISION, FOCUS, PERSISTENCE, COMMITMENT, AND DISCIPLINE. THESE PRINCIPLES, MORE THAN ANY GOLD MEDAL OR NATIONAL RECORD, WILL HELP EACH CHIL

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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 $367,215

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $367,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,631

Fundraising Expenses $12,851

Program Expenses $335,516

Other Expenses $227,794

TOTAL EXPENSES $377,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$367,224	$334,440	+0.1%
Expenses	$377,425	$360,953	+0.0%
Net Income	$-10,201	$-26,513	-0.6%

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
JOEL BARTHOLF	VICE PRESIDE	N/A	Officer	$0	$0	$0
STEVEN RUMFORD	TREASURER	N/A	Officer	$0	$0	$0
JASON SWAIM	PRESIDENT	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
2023	$367,224	$377,425	$93,118	$-10,201
2022	$334,440	$360,953	$105,914	$-26,513
2021	$366,232	$336,540	$121,409	$29,692
2020	$218,893	$234,374	$101,692	$-15,481
2019	$296,366	$300,375	$105,404	$-4,009
2018	$265,603	$255,847	$109,891	$9,756

MIDDLE GA AQUATICS INC