HUNTSVILLE SWIM ASSOCIATION (EIN 630578935) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

CHARLES SPEAKS

Phone

2562709255

Tax Period

2023-08-01 to 2024-07-31

HUNTSVILLE SWIM ASSOCIATION, founded in 1969, is a small nonprofit that reported $955K in total revenue in fiscal year 2018. Expenses of $924K left a modest 3% surplus.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $637,861

Program Service Revenue $472,717

Investment Income $264

Other Revenue $-7,716

TOTAL REVENUE $1,103,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $572,844

Fundraising Expenses $0

Program Expenses $978,173

Other Expenses $498,397

TOTAL EXPENSES $1,071,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,103,126	$1,097,773	+0.0%
Expenses	$1,071,241	$1,118,561	0.0%
Net Income	$31,885	$-20,788	-2.5%

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

$95,415

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SPEAKS	PRESIDENT	8.00	Officer Director	$0	$0	$0
RUSS HAYLES	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
MIKE QUADRINI	TREASURER	8.00	Officer Director	$0	$0	$0
MEGAN LEHR	SECRETARY	8.00	Officer Director	$0	$0	$0
MATT JONES	MEMBER	4.00	Officer Director	$0	$0	$0
MARGO NORTON	MEMBER	4.00	Officer Director	$0	$0	$0
ALLISON PROUD	MEMBER	4.00	Officer Director	$0	$0	$0
MATTHER WEBBER	EXECUTIVE DIRECTOR	40.00	Officer	$95,415	$0	$95,415
DANIEL CARTER	MEMBER	4.00	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
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

HUNTSVILLE SWIM ASSOCIATION