WALNUT CREEK MASTERS SWIMMING ASSOCIATIO (EIN 680038276) - 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

1978

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

WALNUT CREEK MASTERS SWIMMING ASSOCIATIO, founded in 1978, is a small nonprofit in the Recreation & Sports sector that reported $579K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $507K left a modest 12% surplus.

Mission

TO PROVIDE TRAINING & COACHING FOR NATIONAL AND INTERNATIONAL SWIMMING COMPETITIONS FOR ADULTS OF ALL AGES.

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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 $45,706

Program Service Revenue $531,181

Investment Income $8,407

Other Revenue $-6,526

TOTAL REVENUE $578,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,508

Fundraising Expenses $0

Program Expenses $470,417

Other Expenses $119,968

TOTAL EXPENSES $507,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$578,768	$408,880	+0.4%
Expenses	$507,476	$413,996	+0.2%
Net Income	$71,292	$-5,116	-14.9%

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

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

$260,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE HEANEY	CO-HEAD COACH	30.00	Officer	$130,000	$0	$130,000
STEVE STAHL	CO-HEAD COACH	30.00	Officer	$130,000	$0	$130,000
HEATHER TIERNAN	Vice President	0.00	Director	$0	$0	$0
LOREN DRUZ	President	0.00	Director	$0	$0	$0
MIKE PIAZZA	Treasurer	0.00	Director	$0	$0	$0
DEAN OTTATI	Secretary	0.00	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	No data	No data	No data	No data
2023	$578,768	$507,476	$404,582	$71,292
2022	$408,880	$413,996	$334,856	$-5,116
2021	$475,888	$356,069	$339,965	$119,819
2020	$415,603	$361,469	$220,014	$54,134
2019	$317,086	$333,207	$170,253	$-16,121
2018	$343,628	$338,337	$186,018	$5,291

WALNUT CREEK MASTERS SWIMMING ASSOCIATIO