TENNESSEE AQUATICS INC (EIN 621574063) - 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

1995

Legal Domicile

Principal Officer

RAELLEN SIMPSON

Phone

2812249054

Tax Period

2024-09-01 to 2025-08-31

TENNESSEE AQUATICS INC, founded in 1995, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 15% surplus.

Mission

FOSTER AMATEUR SWIMMING AND DIVING THROUGH TRAINING, DEVELOPMENT, AND COMPETITION.

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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 $1,084,138

Program Service Revenue $391,088

Investment Income $301

Other Revenue $73,219

TOTAL REVENUE $1,548,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $579,883

Fundraising Expenses $0

Program Expenses $1,296,367

Other Expenses $739,234

TOTAL EXPENSES $1,319,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,548,746	$1,343,016	+0.2%
Expenses	$1,319,117	$1,352,360	0.0%
Net Income	$229,629	$-9,344	-25.6%

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

N/A

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

$156,260

Total Directors

$156,260

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT KREDICH	MEMBER	1.00	Director	$0	$0	$0
PHIL SAVAGE	MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER LAMBERT	MEMBER	1.00	Director	$0	$0	$0
RAELLEN SIMPSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
TIMOTHY BAUER	EXECUTIVE DIRECTOR	40.00	Officer Director	$128,182	$28,078	$156,260
MARY HANNEMAN	TREASURER	5.00	Officer Director	$0	$0	$0
JAYSON NAVE	SECRETARY	1.00	Officer 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	$1,548,746	$1,319,117	$526,450	$229,629
2024	$1,343,016	$1,352,360	$234,329	$-9,344
2023	$1,240,017	$1,175,496	$219,283	$64,521
2022	$1,011,659	$1,030,395	$231,637	$-18,736
2022	$1,029,686	$1,026,261	$241,952	$3,425
2021	$652,041	$737,131	$147,777	$-85,090
2020	$861,880	$851,967	$95,514	$9,913
2019	$894,313	$909,965	$221,170	$-15,652
2019	$943,887	$1,013,990	$191,228	$-70,103
2018	$987,421	$996,743	$151,990	$-9,322
2018	$1,139,355	$999,565	$196,181	$139,790

TENNESSEE AQUATICS INC