HUNTSVILLE SWIM ASSOCIATION

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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

1969

Legal Domicile

Principal Officer

ALLISON PROUD

Phone

2562709255

Tax Period

2024-08-01 to 2025-07-31

HUNTSVILLE SWIM ASSOCIATION, founded in 1969, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE OPERATION AND SUPPORT OF A COMPETITIVE SWIM TEAM FOR YOUTH AND AMATEUR ATHLETES.

Program Service Accomplishments

Program 1

Expenses: $784,129 Revenue: $368,917

THE OPERATION AND SUPPORT OF A COMPETITIVE SWIM TEAM FOR OVER 600 YOUTH AND AMATEUR ATHLETES.

Program 2

Expenses: $248,566 Revenue: $58,800

CONDUCT ANNUAL SWIM COMPETITIONS HOSTING OVER 4,400 SWIMMERS.

Program 3

Expenses: $8,500 Revenue: $4,439

CONDUCT PROGRAM TO ALLOW LOW INCOME CHILDREN TO LEARN TO SUCCEED BY LEARNING TO SWIM, WITH 100 CHILDREN SERVED IN 2025.

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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 $621,681

Program Service Revenue $432,156

Investment Income $264

Other Revenue $-8,114

TOTAL REVENUE $1,045,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $650,867

Fundraising Expenses $0

Program Expenses $1,041,195

Other Expenses $552,083

TOTAL EXPENSES $1,202,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,045,987	$1,103,126	-0.1%
Expenses	$1,202,950	$1,071,241	+0.1%
Net Income	$-156,963	$31,885	-5.9%

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

300

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

$100,143

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT WEBBER	CLUB ADMINIS	40.00	Officer	$97,162	$2,981	$100,143
RACHEL ALDRIDGE	SECRETARY	8.00	Officer Director	$0	$0	$0
JENNIFER ALLISON	MEMBER	4.00	Director	$0	$0	$0
DANIEL CARTER	VICE PRESIDE	8.00	Officer Director	$0	$0	$0
JASON LUCAS	MEMBER	4.00	Director	$0	$0	$0
AMY MANION	MEMBER	4.00	Director	$0	$0	$0
ERIC MORGAN	TREASURER	8.00	Officer Director	$0	$0	$0
ALLISON PROUD	PRESIDENT	8.00	Officer Director	$0	$0	$0
MANDY TAYLOR	MEMBER	4.00	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	$1,045,987	$1,202,950	$453,251	$-156,963
2024	$1,103,126	$1,071,241	$608,509	$31,885
2023	$1,097,773	$1,118,561	$587,091	$-20,788
2022	$1,169,266	$1,048,136	$601,008	$121,130
2021	$1,026,792	$852,594	$568,395	$174,198
2020	$690,439	$772,043	$372,768	$-81,604
2019	$954,714	$923,791	$434,863	$30,923