CORAL SPRINGS SWIM CLUB INC (EIN 650988367) - 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

1990

Legal Domicile

Principal Officer

CHRISTINE PALUMBO

Phone

9543455441

Tax Period

2023-09-01 to 2024-08-31

CORAL SPRINGS SWIM CLUB INC, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $207K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $230K exceeded revenue, resulting in a 11% operating deficit.

Mission

SWIM TRAINING FOR HEALTH, FITNESS, COMPETITION AND TO SUPPORT AMATEUR COMPETITION LOCALLY, NATIONALLY AND INTERNATIONALLY FOR APPROXIMATELY 230 MEMBERS AND 2000 OTHER SWIMMERS.

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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 $205,852

Program Service Revenue $0

Investment Income $1,587

Other Revenue $0

TOTAL REVENUE $207,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $230,087

TOTAL EXPENSES $230,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,439	$326,046	-0.4%
Expenses	$230,087	$300,142	-0.2%
Net Income	$-22,648	$25,904	-1.9%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

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
CHRISTINE PALUMBO	PRESIDENT	10.00	Director	$0	$0	$0
BRANDY BAKER	VICE PRESIDENT	10.00	Director	$0	$0	$0
Jill Grossman	SECRETARY	5.00	Director	$0	$0	$0
ARI LAKSI	TREASURER	10.00	Director	$0	$0	$0
LUCY TALLAS	MULLINS LIASON	5.00	Director	$0	$0	$0
JODI ROBINS	VOLUNTEER COORDINATOR	5.00	Director	$0	$0	$0
Kenneth Rattray	OFFICIALS CHAIR	5.00	Director	$0	$0	$0
CESAR MONTES	GATE CHAIR	5.00	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
2024	$207,439	$230,087	$378,650	$-22,648
2023	$326,046	$300,142	$402,408	$25,904
2022	$402,060	$345,677	$383,310	$56,383
2021	$268,929	$224,227	$316,805	$44,702
2020	$190,085	$195,228	$271,656	$-5,143

CORAL SPRINGS SWIM CLUB INC