LEXINGTON DOLPHINS INC (EIN 611270618) - 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

1994

Legal Domicile

Principal Officer

DAVID A DOOLIN

Phone

8596218967

Tax Period

2023-09-01 to 2024-08-31

LEXINGTON DOLPHINS INC, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $415K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $399K left a modest 4% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO FOSTER AND ENCOURAGE YOUTH SWIMMING IN CENTRAL KENTUCKY.

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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 $3,932

Program Service Revenue $411,255

Investment Income $10

Other Revenue $0

TOTAL REVENUE $415,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,231

Fundraising Expenses $0

Program Expenses $386,137

Other Expenses $198,693

TOTAL EXPENSES $398,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$415,197	$462,338	-0.1%
Expenses	$398,924	$442,845	-0.1%
Net Income	$16,273	$19,493	-0.2%

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

100

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

$60,120

Total Directors

$60,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A DOOLIN	CEO	30.00	Officer Director	$58,500	$1,620	$60,120
SHANE BURDEN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SHANE BUSSON	DIRECTOR	5.00	Director	$0	$0	$0
MELANIE GABBARD	SECRETARY	10.00	Officer Director	$0	$0	$0
SHELLY FILER	DIRECTOR	5.00	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
2024	$415,197	$398,924	$117,259	$16,273
2023	$462,338	$442,845	$106,588	$19,493
2022	$498,723	$526,188	$112,469	$-27,465
2021	$364,360	$344,556	$166,000	$19,804
2020	$511,072	$452,278	$162,582	$58,794
2019	$548,444	$517,239	$137,093	$31,205

LEXINGTON DOLPHINS INC