SWIMWEAR ASSOCIATION OF FLORIDAINC (EIN 650655133) - 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

1996

Legal Domicile

Principal Officer

RUSSELL KNIEP

Phone

3055967889

Tax Period

2023-01-01 to 2023-12-31

SWIMWEAR ASSOCIATION OF FLORIDAINC, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $412K, a strong 36% operating margin.

Mission

THIS ORGANIZATION WAS FORMED TO UNITE WITHIN ITS MEMBERSHIP PERSONS CHIEFLY ENGAGED IN THE SALE OF SWIMWEAR AT WHOLESALE.

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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 $0

Program Service Revenue $1,138,565

Investment Income $74

Other Revenue $15,780

TOTAL REVENUE $1,154,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,167

Fundraising Expenses $0

Program Expenses $742,045

Other Expenses $525,878

TOTAL EXPENSES $742,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,154,419	$1,043,226	+0.1%
Expenses	$742,045	$725,392	+0.0%
Net Income	$412,374	$317,834	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY STEIN	SECRETARY	N/A	Highest	$183,830	$0	$183,830
RUSSELL KNIEP	PRESIDENT	N/A	Officer	$0	$0	$0
VIRGINIA MELORO	TREASURER	N/A	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,154,419	$742,045	$1,229,372	$412,374
2023	No data	No data	No data	No data
2022	$1,043,226	$725,392	$805,605	$317,834
2021	$749,843	$558,933	$598,383	$190,910
2020	$92,474	$431,957	$460,874	$-339,483
2019	$1,823,199	$1,567,394	$546,555	$255,805
2018	$1,104,993	$1,370,583	$291,600	$-265,590

SWIMWEAR ASSOCIATION OF FLORIDAINC