Arizona Swimming Inc aka USA Swimming Inc -Arizona (EIN 742532327) - 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

1981

Legal Domicile

Principal Officer

Joe Zemaitis

Phone

6232522462

Tax Period

2023-09-01 to 2024-08-31

Arizona Swimming Inc aka USA Swimming Inc -Arizona, founded in 1981, is a small nonprofit that reported $318K in total revenue in fiscal year 2023. Expenses of $375K exceeded revenue, resulting in a 18% operating deficit.

Mission

Arizona Swimming, Inc. will provide educational structured fair fun, rewarding and competitive programs of swimming for Arizonans of all ages and diverse backgrounds. We will operate under the auspices of USA Swimming, Inc. to serve our athletes, non-athletes, coaches, clubs and affiliated organizational members.

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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 $74,195

Program Service Revenue $242,572

Investment Income $918

Other Revenue $0

TOTAL REVENUE $317,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,909

Fundraising Expenses $0

Program Expenses $368,067

Other Expenses $268,973

TOTAL EXPENSES $374,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$317,685	$296,251	+0.1%
Expenses	$374,882	$294,789	+0.3%
Net Income	$-57,197	$1,462	-40.1%

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

151

Independent Members

Employees

Volunteers

692

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
Joe Zemaitis	General Chair	25.00	Officer Director	$0	$0	$0
Sean Husmoe	Finance ViceChr	5.00	Officer Director	$0	$0	$0
Connie Hargreaves	Treasurer	25.00	Officer Director	$0	$0	$0
Alex Farlow	Secretary	10.00	Officer Director	$0	$0	$0
Carla Morelli	Adm Vice Chair	5.00	Officer 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
2024	$317,685	$374,882	$710,167	$-57,197
2023	$296,251	$294,789	$766,906	$1,462
2022	$703,525	$622,012	$764,668	$81,513
2021	$512,230	$548,569	$655,057	$-36,339
2020	$590,085	$625,860	$658,287	$-35,775
2018	$673,981	$660,487	$656,665	$13,494

Arizona Swimming Inc aka USA Swimming Inc -Arizona