TIDAL WAVE SWIM FOUNDATION INC (EIN 582639878) - 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

1998

Legal Domicile

Principal Officer

JIM MCGINNIS

Phone

6789063790

Tax Period

2025-01-01 to 2025-12-31

TIDAL WAVE SWIM FOUNDATION INC, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $498K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

SWIM INSTRUCTION, TEAM COACHING, ATHLETE EDUCATION, OUT OF WATER FITNESS INSTRUCTION AND SWIM MEETS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $497,932

Program Service Revenue $0

Investment Income $50

Other Revenue $0

TOTAL REVENUE $497,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,714

Fundraising Expenses $0

Program Expenses $420,017

Other Expenses $237,552

TOTAL EXPENSES $491,266

Year-over-Year Comparison

	2025	2024	Change
Revenue	$497,982	$407,922	+0.2%
Expenses	$491,266	$418,349	+0.2%
Net Income	$6,716	$-10,427	-1.6%

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

118

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

$77,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENE PALISIKIS	DIRECTOR	1.00	Director	$0	$0	$0
KIT ROBERTSON	TREASURER	1.00	Officer Director	$0	$0	$0
BRADLEY GOFF	DIRECTOR	1.00	Director	$0	$0	$0
TIM SCHOEFF	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCGINNIS	PRESIDENT/HEAD COACH	40.00	Officer	$77,000	$0	$77,000

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	$497,982	$491,266	$277,669	$6,716
2024	$407,922	$418,349	$270,919	$-10,427
2023	$460,926	$365,759	$281,473	$95,167
2022	$360,233	$378,643	$186,802	$-18,410
2021	$350,260	$316,818	$204,628	$33,442
2020	$373,547	$373,783	$171,183	$-236

TIDAL WAVE SWIM FOUNDATION INC