CAT 5 AQUATICS INC (EIN 593582323) - 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

2002

Legal Domicile

Phone

8502711726

Tax Period

2024-01-01 to 2024-12-31

CAT 5 AQUATICS INC, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $279K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $358K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROMOTE AND SUPPORT THE GROWTH OF YOUTH SWIMMING IN THE PANAMA CITY/BAY COUNTY AREA

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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 $19,101

Program Service Revenue $259,664

Investment Income $8

Other Revenue $0

TOTAL REVENUE $278,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $354,979

Other Expenses $358,261

TOTAL EXPENSES $358,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,773	$432,114	-0.4%
Expenses	$358,261	$357,187	+0.0%
Net Income	$-79,488	$74,927	-2.1%

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

N/A

Volunteers

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
MEGAN CORNELL	Vice President	5.00	Officer	$0	$0	$0
TERRY JUERGENS	President	5.00	Officer	$0	$0	$0
ERIKA GOINES	Secretary	5.00	Officer	$0	$0	$0
TINA BREWER	Treasurer	5.00	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	$278,773	$358,261	$42,446	$-79,488
2023	$432,114	$357,187	$121,934	$74,927
2022	$387,553	$361,227	$47,007	$26,326
2021	$434,648	$397,789	$61,350	$36,859
2020	$290,146	$363,925	$23,789	$-73,779
2019	$447,137	$427,090	$58,131	$20,047
2018	$395,058	$431,225	$37,554	$-36,167
2017	$439,284	$451,344	$74,076	$-12,060

CAT 5 AQUATICS INC