Lawrence Swim Team Inc

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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

Kimberly N Peck

Phone

3176705689

Tax Period

2023-09-01 to 2024-08-31

Lawrence Swim Team Inc, founded in 2004, is a small nonprofit in the Youth Development sector that reported $223K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $200K left a modest 10% surplus.

Mission

The organizations primary purpose is to promote water safety, basic swimming instruction and competitive swimming instruction, at age appropriate levels.

Program Service Accomplishments

Program 1

Expenses: $114,771 Revenue: $0

Approximately 80 children educated and engaged in swimming activities appropriate to their age/capability to promote consistent exercise, good health and knowledge of competitive swimming.

Program 2

Expenses: $75,720 Revenue: $0

Learn to swim program for children and adults to learn water safety, to learn proper basic swimming technique and to gain confidence in the water Due to Covid-19 restrictions on this segment of the...

Program 3

Expenses: $9,548 Revenue: $0

General activities necessary to support all swim programs

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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 $3,500

Program Service Revenue $193,941

Investment Income $0

Other Revenue $25,194

TOTAL REVENUE $222,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,420

Fundraising Expenses $0

Program Expenses $200,039

Other Expenses $51,699

TOTAL EXPENSES $200,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,635	$172,959	+0.3%
Expenses	$200,119	$167,631	+0.2%
Net Income	$22,516	$5,328	+3.2%

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
Corey Franklin	President	20.00	Director	$0	$0	$0
Kimberly Peck	Treasurer	10.00	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
2025	No data	No data	No data	No data
2024	$222,635	$200,119	$45,688	$22,516
2018	$212,506	$192,583	$58,151	$19,923