USA Swimming Foundation Inc (EIN 721581977) - 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

2004

Legal Domicile

Principal Officer

Shana Ferguson

Phone

7198664578

Tax Period

2023-01-01 to 2023-12-31

USA Swimming Foundation Inc, founded in 2004, is a community nonprofit in the Recreation & Sports sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $21.9M represent 67 months of operating reserves.

Mission

THE USA SWIMMING FOUNDATION WORKS TO STRENGTHEN THE SPORT OF SWIMMING BY SAVING LIVES, BUILDING CHAMPIONS, AND IMPACTING COMMUNITIES.

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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 $2,318,029

Program Service Revenue $954,830

Investment Income $366,287

Other Revenue $288,121

TOTAL REVENUE $3,927,267

Expense Breakdown

Grants Paid $2,329,579

Salaries & Benefits $63,500

Fundraising Expenses $634,559

Program Expenses $3,208,404

Other Expenses $1,682,246

TOTAL EXPENSES $4,113,825

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,927,267	$3,461,390	+0.1%
Expenses	$4,113,825	$3,771,278	+0.1%
Net Income	$-186,558	$-309,888	-0.4%

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

N/A

Volunteers

150

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

$1,353,047

Total Directors

$63,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY HINCHEY	CHIEF EXECUTIVE OFFICER	5.0	Officer	$0	$67,350	$962,555
ERIC SKUFCA	CHIEF FINANCIAL OFFICER	5.0	Officer	$0	$61,937	$360,992
CULLEN JONES	DIRECTOR	4.0	Director	$34,000	$0	$34,000
ELIZABETH BEISEL	SECRETARY	4.0	Officer Director	$29,500	$0	$29,500
JEFF MOXIE	DIRECTOR (To 11/2023)	4.0	Director	$0	$0	$0
DAVID SHACKLEY	BOARD CHAIR	4.0	Officer Director	$0	$0	$0
ANNE BERRY	VICE-CHAIR	4.0	Officer Director	$0	$0	$0
DAVID WIEDERECHT	DIRECTOR (To 11/2023)	4.0	Director	$0	$0	$0
ALEX BLAVATNIK	DIRECTOR	4.0	Director	$0	$0	$0
JILL BORNSTEIN	DIRECTOR	4.0	Director	$0	$0	$0
CYNTHIA EUBANKS	DIRECTOR	4.0	Director	$0	$0	$0
DAWSON HUGHES	DIRECTOR	4.0	Director	$0	$0	$0
JAY DEFINIS	TREASURER	4.0	Officer Director	$0	$0	$0
GREG PINCHBECK	DIRECTOR	4.0	Director	$0	$0	$0
JON KOSSOW	DIRECTOR	4.0	Director	$0	$0	$0
TIM BUCKLEY	DIRECTOR	4.0	Director	$0	$0	$0
Kimberly Chen Bock	Director (from 11/2023)	4.0	Director	$0	$0	$0
Dan Clough	Director	4.0	Director	$0	$0	$0
John Enquist	Director	4.0	Director	$0	$0	$0
Kelley Gay	Director (from 11/2023)	4.0	Director	$0	$0	$0
Heather Glass	Director (from 11/2023)	4.0	Director	$0	$0	$0
Kyle Jackson	Director	4.0	Director	$0	$0	$0
Mary Wayte Bradburne	Director (FROM 09/2023)	4.0	Director	$0	$0	$0
Andrew Wilson	DIRECTOR	4.0	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	$3,927,267	$4,113,825	$22,935,804	$-186,558
2022	$3,461,390	$3,771,278	$19,829,085	$-309,888
2021	$3,991,779	$3,052,631	$23,677,061	$939,148
2020	$3,812,814	$5,635,600	$22,577,547	$-1,822,786
2019	$4,682,919	$3,903,453	$23,213,685	$779,466
2018	$4,093,510	$3,803,800	$20,307,158	$289,710

USA Swimming Foundation Inc