WEST FLORIDA LIGHTNING AQUATICS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

ROB HEALY

Phone

7275739300

Tax Period

2023-10-01 to 2024-09-30

WEST FLORIDA LIGHTNING AQUATICS INC, founded in 1980, is a small nonprofit in the Recreation & Sports sector that reported $245K in total revenue in fiscal year 2023.

Mission

ENHANCE SWIMMING SKILLS AND ENHANCE SPORTSMANSHIP THROUGH COMPETITION.

Program Service Accomplishments

Program 1

Expenses: $259,510 Revenue: $42,281

COMMUNITY YOUTH SWIM PROGRAM TEACHING SWIMMING SKILLS FROM NOVICE TO MASTERS LEVELS. PROGRAM SERVICES UP TO 220 SWIMMERS DURING THE SUMMER WITH AN AVERAGE OF 95 SWIMMERS YEARROUND.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $180,621

Program Service Revenue $42,281

Investment Income $0

Other Revenue $21,963

TOTAL REVENUE $244,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,521

Fundraising Expenses $0

Program Expenses $259,510

Other Expenses $131,989

TOTAL EXPENSES $259,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,865	$239,093	+0.0%
Expenses	$259,510	$237,301	+0.1%
Net Income	$-14,645	$1,792	-9.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

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
ROB HEALY	PRESIDENT	N/A	Officer	$0	$0	$0
KAREN SMALLEY	MEET MANAGER	N/A	Officer	$0	$0	$0
MICHAEL TOLLON	MASTERS REP/	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	$244,865	$259,510	$24,450	$-14,645
2023	$239,093	$237,301	$39,095	$1,792
2022	$256,818	$248,960	$37,303	$7,858
2021	$247,290	$245,828	$29,445	$1,462
2020	$215,849	$207,408	$45,983	$8,441