AQUATIC BOOSTERS INC (EIN 592313365) - 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

1983

Legal Domicile

Principal Officer

ROBERT KENNEDY

Phone

2396717946

Tax Period

2023-01-01 to 2023-12-31

AQUATIC BOOSTERS INC, founded in 1983, is a small nonprofit in the Recreation & Sports sector that reported $319K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $297K left a modest 7% surplus.

Mission

THE PURPOSE OF THE CORPORATION IS TO PROVIDE FUND RAISING TO PROMOTE AMATEUR COMPETITIVE AQUATIC SPORTS AND OTHER AQUATIC PROGRAMS WITHIN THE COUNTY OF LEE AND STATE OF FLORIDA. THE CORPORATION PROVIDES COACHING FOR SWIMMERS AND TRAINING TO COMPETE AT SWIMMING EVENTS.

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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 $0

Program Service Revenue $319,158

Investment Income $95

Other Revenue $0

TOTAL REVENUE $319,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,941

Fundraising Expenses $36,005

Program Expenses $226,092

Other Expenses $120,043

TOTAL EXPENSES $296,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,253	$348,957	-0.1%
Expenses	$296,984	$346,670	-0.1%
Net Income	$22,269	$2,287	+8.7%

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
KATHLEEN HALVARSON	TREASURER	N/A	Officer	$0	$0	$0
ROBERT KENNEDY	PRESIDENT	N/A	Officer	$0	$0	$0
SUSAN KENNEDY	TREASURER	N/A	Officer	$0	$0	$0
SHARON KLEMM	SECRETARY	N/A	Officer	$0	$0	$0
RICHARD STRICKLAND	VICE PRESIDE	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
2024	No data	No data	No data	No data
2023	$319,253	$296,984	$41,845	$22,269
2022	$348,957	$346,670	$19,576	$2,287
2021	$375,149	$372,090	$17,289	$3,059
2020	$369,676	$305,487	$14,230	$64,189
2019	$381,373	$396,718	$114,355	$-15,345

AQUATIC BOOSTERS INC