CLEARWATER AQUATIC TEAM INC (EIN 593164776) - 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

1992

Legal Domicile

Principal Officer

BARBARA NEWTON

Phone

7277919542

Tax Period

2024-09-01 to 2025-08-31

CLEARWATER AQUATIC TEAM INC, founded in 1992, is a small nonprofit in the Youth Development sector that reported $270K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO BE THE PREMIER SWIM CLUB IN FLORIDA. THE TEAM IS COMMITTED TO THE PERSONAL DEVELOPMENT OF OUR MEMBERS THROUGH COMPETITIVE SWIMMING AND TO BUILDING CHARACTER AND ACHIEVEMENT THROUGH TEAMWORK IN A SAFE, HEALTHY AND POSITIVE ENVIRONMENT.

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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 $10,786

Program Service Revenue $258,291

Investment Income $9

Other Revenue $1,142

TOTAL REVENUE $270,228

Expense Breakdown

Grants Paid $6,336

Salaries & Benefits $175,536

Fundraising Expenses $0

Program Expenses $219,540

Other Expenses $89,035

TOTAL EXPENSES $270,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$270,228	$321,271	-0.2%
Expenses	$270,907	$347,898	-0.2%
Net Income	$-679	$-26,627	-1.0%

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

106

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

$29,802

Total Directors

$59,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA NEWTON	PRESIDENT	25.00	Officer Director	$29,802	$0	$29,802
CRAWFORD KER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIE JONES	TREASURER	1.00	Officer Director	$0	$0	$0
JARED BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH DICKSON	DIRECTOR	1.00	Director	$0	$0	$0
RANDOLPH REESE	DIRECTOR	30.00	Director	$30,000	$0	$30,000
ELIZABETH PICKREM	DIRECTOR	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
2025	$270,228	$270,907	$131,818	$-679
2024	$321,271	$347,898	$133,144	$-26,627
2023	$356,062	$345,552	$160,174	$10,510
2022	$319,396	$327,288	$149,865	$-7,892
2021	$360,514	$303,188	$157,565	$57,326
2020	$263,155	$323,079	$147,494	$-59,924
2019	$342,260	$416,906	$159,652	$-74,646

CLEARWATER AQUATIC TEAM INC