NORTHERN KENTUCKY CLIPPERS SWIMMIN… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

David Pursley

Phone

5893424000

Tax Period

2024-09-01 to 2025-08-31

NORTHERN KENTUCKY CLIPPERS SWIMMING INC, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $503K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

Foster the sport of amateur swimming at both the local and regional level through training meets and social events.

Program Service Accomplishments

Program 1

Expenses: $440,416 Revenue: $0

Train amateur swimmers. Coaches determine proper group placement to maximize training. Approximately 200 boys and girls ages 8 - 18 years old participate.

Program 2

Expenses: $37,318 Revenue: $0

Participate in swimming meets both at home and away. Approximately 5 home meets are hosted and 15 away meets are attended. Build team spirit through various 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 (2024)

Revenue Breakdown

Contributions & Grants $46,042

Program Service Revenue $423,546

Investment Income $5,075

Other Revenue $28,527

TOTAL REVENUE $503,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,605

Fundraising Expenses $0

Program Expenses $477,734

Other Expenses $231,085

TOTAL EXPENSES $496,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$503,190	$420,231	+0.2%
Expenses	$496,690	$392,494	+0.3%
Net Income	$6,500	$27,737	-0.8%

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

Total Directors

Key Employees

$143,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ajdin Dropic	Director and President Oct 2024 and frwd	1.00	Officer Director	$0	$0	$0
Katie Cook	Director and Vice President	1.00	Officer Director	$0	$0	$0
Sean Knollman	Director and Treasurer	1.00	Officer Director	$0	$0	$0
Deborah Hageman	Director and Secretary	1.00	Officer Director	$0	$0	$0
Marco Presti	Director	1.00	Director	$0	$0	$0
Emily Couch	Director	1.00	Director	$0	$0	$0
Nick Kruger	Director	1.00	Director	$0	$0	$0
Michelle Yauger	Director until Oct 2024	1.00	Director	$0	$0	$0
Tom Smith	Director and President until Oct 2024	1.00	Director	$0	$0	$0
David Pursley	Head Coach	40.00	Key Emp Highest	$78,750	$0	$78,750
Christopher Fay	Head Age-Group Coach	40.00	Key Emp	$55,000	$0	$55,000
Jessica Colley	Controller	5.00	Key Emp	$9,850	$0	$9,850
Jason Theissen	Director Oct 2024 frwd	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	$503,190	$496,690	$218,053	$6,500
2024	$420,231	$392,494	$211,553	$27,737
2023	$396,754	$394,966	$183,706	$1,788
2022	$454,927	$389,448	$181,968	$65,479
2021	$407,244	$397,017	$166,189	$10,227
2020	$336,905	$330,927	$155,962	$5,978

NORTHERN KENTUCKY CLIPPERS SWIMMING INC