THE BENICIA STINGRAY SWIM TEAM

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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

1994

Legal Domicile

Principal Officer

Karissa Hammerqvist

Phone

5103673691

Tax Period

2021-10-01 to 2022-09-30

THE BENICIA STINGRAY SWIM TEAM, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $102K in total revenue in fiscal year 2021. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 17% operating margin.

Mission

We are a local Swim Team. We provide coaching, swim training, and all aspects of conducting a swim meet to our members. We operate on a completely volunteer basis, with the exception of our two paid coaches.

Program Service Accomplishments

Program 1

Expenses: $73,615 Revenue: $0

Returning from the pandemic, we had good enrollment in the program, especially in the younger years. We also changed coaches, which allowed us to tie our coaches pay to registration, which should...

Returning from the pandemic, we had good enrollment in the program, especially in the younger years. We also changed coaches, which allowed us to tie our coaches pay to registration, which should leave us in a sustainable position for the future.

Program 2

Expenses: $0 Revenue: $0

No second accomplishment

Program 3

Expenses: $0 Revenue: $0

No third accomplishment

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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 (2021)

Revenue Breakdown

Contributions & Grants $106,047

Program Service Revenue $0

Investment Income $0

Other Revenue $-3,746

TOTAL REVENUE $102,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,780

Fundraising Expenses $9,744

Program Expenses $73,615

Other Expenses $22,350

TOTAL EXPENSES $85,130

Year-over-Year Comparison

	2021	2020	Change
Revenue	$102,301	$57,088	+0.8%
Expenses	$85,130	$38,417	+1.2%
Net Income	$17,171	$18,671	-0.1%

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

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
Karissa Hammerqvist	Treasurer	10	Officer	$0	$0	$0
Duane Magno	President	10	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
2022	$102,301	$85,130	$17,171	$17,171
2021	$57,088	$38,417	$57,074	$18,671