SOONER SWIM CLUB OF NORMAN (EIN 730957627) - 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

1974

Legal Domicile

Principal Officer

REBEKAH HIGHTOWER

Phone

4056238354

Tax Period

2023-10-01 to 2024-09-30

SOONER SWIM CLUB OF NORMAN, founded in 1974, is a small nonprofit in the Recreation & Sports sector that reported $327K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 22% operating margin.

Mission

SOONER SWIM CLUB IS TEACHING SWIMMING SKILLS, PROMOTING COMPETITIVE SWIMMING, FOLLOWING USA SWIMMING RULES, AND FOSTERING TEAMWORK, SPORTSMANSHIP, AND SAFESPORT GUIDELINES.

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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 $29,633

Program Service Revenue $301,506

Investment Income $679

Other Revenue $-4,640

TOTAL REVENUE $327,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,042

Fundraising Expenses $0

Program Expenses $249,987

Other Expenses $181,924

TOTAL EXPENSES $255,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,178	$200,073	+0.6%
Expenses	$255,966	$191,285	+0.3%
Net Income	$71,212	$8,788	+7.1%

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

140

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

$26,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBEKAH HIGHTOWER	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE MEARS	SECRETARY	1.00	Officer Director	$0	$0	$0
ASHLEY THUMANN	TREASURER	4.00	Officer Director	$0	$0	$0
LUKE SHORT 10123-91024	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MEGAN KEYS 91124-93024	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHLEY DESKIN	AT LARGE MEMBER	1.00	Director	$0	$0	$0
REBECCA BORDEN	AT LARGE MEMBER	1.00	Director	$0	$0	$0
KENT NICHOLSON	HEAD COACH	20.00	Officer	$26,340	$0	$26,340

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	$327,178	$255,966	$104,885	$71,212
2023	$200,073	$191,285	$37,373	$8,788

SOONER SWIM CLUB OF NORMAN