United States Swimming of Maine 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

1982

Legal Domicile

Principal Officer

Jim Willis

Phone

2076648446

Tax Period

2023-09-01 to 2024-08-31

United States Swimming of Maine Inc, founded in 1982, is a small nonprofit that reported $102K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $153K exceeded revenue, resulting in a 50% operating deficit.

Mission

It is the local governing body for competitive swimming in the State of Maine and is a swimming committee of USA Swimming, the National Governing Body for competitive swimming in the United States of America.

Program Service Accomplishments

Program 1

Expenses: $127,670 Revenue: $93,988

Membership and participation in USA Swimming is to promote youth development through swimming, participation in swim meets, and support swimmers and coaches development in 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 (2023)

Revenue Breakdown

Contributions & Grants $6,135

Program Service Revenue $93,988

Investment Income $2,154

Other Revenue $0

TOTAL REVENUE $102,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,670

Other Expenses $153,310

TOTAL EXPENSES $153,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,277	$203,509	-0.5%
Expenses	$153,310	$133,438	+0.1%
Net Income	$-51,033	$70,071	-1.7%

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

100

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
Jim Willis	General Chair	2.00	Officer Director	$0	$0	$0
Shawn Rich	Admin Vice Chair and Interim Finance Chair	2.00	Director	$0	$0	$0
Hodding Carter	Senior Vice Chair	2.00	Director	$0	$0	$0
Jay Morrissette	Age Group Vice Chair	2.00	Director	$0	$0	$0
Colin Reeve	Secretary	2.00	Officer Director	$0	$0	$0
Mike Schmidt	Technical Planning Chair and Coaches Representativ	2.00	Director	$0	$0	$0
Aaron Winslow	Operation Risk Coordinator	2.00	Director	$0	$0	$0
Matt Montgomery	Safe Sport Chair	2.00	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	$102,277	$153,310	$148,190	$-51,033
2023	$203,509	$133,438	$205,099	$70,071