SWIMTULSA 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

1988

Legal Domicile

Principal Officer

CORINNE DOLAN

Phone

9186646394

Tax Period

2024-01-01 to 2024-12-31

SWIMTULSA INC, founded in 1988, is a small nonprofit in the Recreation & Sports sector that reported $243K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $219K left a modest 10% surplus.

Mission

EXEMPT PURPOSE OF ORGANIZATION IS TO PROMOTE THE SPORT OF SWIMMING BY EMPHASIZING THE FUNDAMENTALS OF THE SPORT WHILE STRESSING THE VALUES OF GOOD SPORTSMANSHIP, DISCIPLINE, AND PHYSICAL CONDITIONING.

Program Service Accomplishments

Program 1

Expenses: $201,275 Revenue: $216,570

INCOME FROM SWIM MEETS HELD TO EMPHASIZE THE FUNDAMENTALS OF THE SPORT WHILE STRESSING THE VALUES OF GOOD SPORTSMANSHIP, DISCIPLINE, AND PHYSICAL CONDITIONING.DUES, ACTIVITY FEES, AND REGISTRATION...

INCOME FROM SWIM MEETS HELD TO EMPHASIZE THE FUNDAMENTALS OF THE SPORT WHILE STRESSING THE VALUES OF GOOD SPORTSMANSHIP, DISCIPLINE, AND PHYSICAL CONDITIONING.DUES, ACTIVITY FEES, AND REGISTRATION FEES ARE USED TO PAY THE COACHES AND OPERATING EXPENSES FOR THE TRAINING FACILITIES. BOTH OF WHICH ARE NECESSARY TO LEARN THE FUNDAMENTALS OF SWIMMING AND TO DEVELOP SWIM TECHNIQUES FOR COMPETITIVE SWIMMING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,331

Program Service Revenue $211,702

Investment Income $2,106

Other Revenue $2,762

TOTAL REVENUE $242,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,452

Fundraising Expenses $0

Program Expenses $201,275

Other Expenses $97,134

TOTAL EXPENSES $218,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,901	$322,358	-0.2%
Expenses	$218,586	$216,413	+0.0%
Net Income	$24,315	$105,945	-0.8%

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

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIZ PRUIT	SECRETARY	1.00	Officer Director	$0	$0	$0
CORINNE DOLAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAM REAGAN	TREASURER	1.00	Officer Director	$0	$0	$0
COURTNEY NICHOLS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LYNNE GORMAN	EXECUTIVE DIR.	40.00	Director	$60,000	$0	$60,000

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
2024	$242,901	$218,586	$266,873	$24,315
2023	$322,358	$216,413	$243,105	$105,945
2022	$227,991	$224,825	$159,151	$3,166
2021	$223,001	$196,921	$158,684	$26,080
2020	$138,019	$182,449	$130,887	$-44,430
2019	$190,474	$219,586	$153,853	$-29,112
2018	$222,403	$198,085	$182,696	$24,318