FORT COLLINS AREA SWIM TEAM

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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

1992

Legal Domicile

Principal Officer

CORNEL GAZDARU

Phone

9703773278

Tax Period

2024-09-01 to 2025-08-31

FORT COLLINS AREA SWIM TEAM, founded in 1992, is a small nonprofit in the Recreation & Sports sector that reported $935K in total revenue in fiscal year 2024.

Mission

TO CREATE AN ENVIRONMENT WHERE SWIMMERS CAN DEVELOP THEIR POTENTIAL AS AN ATHLETE AND A PERSON. TO TEACH SWIMMERS TO SET HIGH, YET REALISTIC GOALS FOR THEIR DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $932,157 Revenue: $918,451

FAST AN ATHELTE CENTERED, COACH DRIVEN, PARENT SUPPORTED TEAM THAT DEVELOPS CHARACTER, SWIMMING EXCELLENCE, AND LEADERSHIP TO OVER 300 ATHLETES RANGING IN AGE FROM 5-18 IN NORTHERN COLORADO. FAST HAS CONTINUED TO BE AMONGST THE TOP SWIM CLUBS IN THE UNITED STATES BY PROMOTING GOAL SETTING AND LONG TERM ATHLETIC DEVELOPEMNT. FAST PROMOTES POSITIVE ATTITUDES AND ACTIONS IN AND OUT OF THE POOL, AS WELL AS ENCOURAGING MEMBERS TO FORM LONG TERM RESPECTFUL AND SUPPORTIVE RELATIONSHIPS. FAST PROVIDES A SAFE AND POSITIVE ENVIRONMENT FOR ALL TEAM MEMBERS. FAST ACHIEVES ORGANIZATIONAL SUCCESS BY MAINTAINING FINANCIAL STABILITY, SUSTAINING LONG TERM GROWTH AND RETAINING PROFESSIONAL STAFF.

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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 $10,977

Program Service Revenue $918,451

Investment Income $5,971

Other Revenue $0

TOTAL REVENUE $935,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $471,264

Fundraising Expenses $0

Program Expenses $932,157

Other Expenses $461,981

TOTAL EXPENSES $933,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$935,399	$939,424	0.0%
Expenses	$933,245	$968,347	0.0%
Net Income	$2,154	$-28,923	-1.1%

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

300

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
JASON GRISSOM	BOARD MEMBER	2.00	Director	$0	$0	$0
CORNEL GAZDARU	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK MOREHOUSE	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH PUTMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ERICA SELBY	TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN STAHL	BOARD MEMBER	2.00	Director	$0	$0	$0
DONALD DELANEY	BOARD MEMBER	2.00	Director	$0	$0	$0
BARRY CARROLL	BOARD MEMBER	2.00	Director	$0	$0	$0
MEGAN WALSH	SECRETARY	2.00	Officer Director	$0	$0	$0
HEATHER TESTA	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS MANIA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL BICKERTON	BOARD MEMBER	2.00	Director	$0	$0	$0
ERICK PIERCE	BOARD MEMBER	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	$935,399	$933,245	$241,766	$2,154
2024	$939,424	$968,347	$254,541	$-28,923
2023	$698,655	$829,825	$239,343	$-131,170
2022	$817,877	$794,984	$370,611	$22,893
2021	$899,194	$693,480	$368,883	$205,714
2020	$592,278	$561,757	$193,621	$30,521
2019	$622,454	$701,775	$148,364	$-79,321
2018	$644,772	$652,872	$246,904	$-8,100