CITY OF MIDLAND AQUATICS INC

EIN: 751254435 501(c)(3) Recreation & Sports

MIDLAND, TX

Total Revenue
$5,867,483
Total Expenses
$4,519,279
Total Assets
$16,855,210
Net Assets
$16,589,954
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
TX
Principal Officer
BRAD SWENDIG
Phone
4326847755
Tax Period
2023-01-01 to 2023-12-31

CITY OF MIDLAND AQUATICS INC, founded in 1968, is a community nonprofit in the Recreation & Sports sector that reported $5.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

COM AQUATICS PURPOSE IS TO MAINTAIN, SUPERVISE, AND SUPPORT AQUATIC AND OTHER PROGRAMS FOR THE CHILDREN OF WEST TEXAS; PROMOTE AQUATIC COMPETITION WITH OTHER ORGANIZATIONS FOR THE BENEFIT OF THE PARTICIPANTS; DIRECT AREA ORGANIZATIONS IN DEVELOPMENT OF AQUATIC PROGRAMS; UTILIZE THE ORGANIZATIONS PROGRAMS TO COMBAT JUVENILE DELINQUENCY AND TO DEVELOP OPPORTUNITIES FOR THE PROGRAMS TO COMBAT JUVENILE HEALTH PROBLEMS. TO PROVIDE EDUCATIONAL CLASSES FOR ALL RESIDENTS REGARDING BASIC AND ADVANCED AQUATIC SKILLS AND WATER SAFETY HABITS. TO MAINTAIN, SUPERVISE, AND SUPPORT AQUATIC AND OTHER PROGRAMS FOR ADULTS AND CHILDREN FOR PURPOSES OF HEALTH, REHABILITATION AND FITNESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,452,734
Program Service Revenue $3,036,184
Investment Income $156,111
Other Revenue $222,454
TOTAL REVENUE $5,867,483

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,263,398
Fundraising Expenses $0
Program Expenses $3,530,054
Other Expenses $2,255,881
TOTAL EXPENSES $4,519,279

Year-over-Year Comparison

2023 2022 Change
Revenue $5,867,483 $5,086,362 +0.2%
Expenses $4,519,279 $4,477,367 +0.0%
Net Income $1,348,204 $608,995 +1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
195
Volunteers
N/A

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
5
$247,014
Total Directors
16
$181,361
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWNA BURCH CHAIRMAN 0.69
Officer Director
$0 $0 $0
JENNA JOHNSON SECRETARY 0.69
Officer Director
$0 $0 $0
JON PHILLEY TREASURER 0.69
Officer Director
$0 $0 $0
DARPAN BHAKTA DIRECTOR 0.69
Director
$0 $0 $0
HEIDI KRUEGER DIRECTOR 0.69
Director
$0 $0 $0
TOM PHILLIPS EXECUTIVE CO 0.69
Director
$0 $0 $0
KRIS PUMPHREY DIRECTOR 0.69
Director
$0 $0 $0
TAD STALLINGS DIRECTOR 0.69
Director
$0 $0 $0
DAN WESTCOTT DIRECTOR 0.69
Director
$0 $0 $0
DANNY CARRIGAN DIRECTOR 0.69
Director
$0 $0 $0
RONICA MCBRAYER DIRECTOR 0.69
Director
$0 $0 $0
CYNTHIA BUTTON DIRECTOR 0.69
Director
$0 $0 $0
JACE GREGG DIRECTOR 0.69
Director
$0 $0 $0
KARA MURROW CHAIRMAN - D 0.69
Director
$0 $0 $0
LARRY FUENTES CHAIRMAN - S 0.69
Director
$0 $0 $0
BRAD SWENDIG PRESIDENT 40.00
Officer Director
$174,272 $7,089 $181,361
GWEN DRENNAN ACCOUNTANT 40.00
Officer
$55,696 $9,957 $65,653
GEOFF SIMMONS EMPLOYEE 40.00
Highest
$124,712 $9,939 $134,651
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
2023 No data No data No data No data
2023 $5,867,483 $4,519,279 $16,855,210 $1,348,204
2022 $5,086,362 $4,477,367 $15,549,006 $608,995
2021 $4,415,991 $3,842,316 $15,063,835 $573,675
2021 $4,664,325 $4,139,619 $15,047,153 $524,706
2020 $3,288,225 $3,694,230 $14,745,089 $-406,005
2020 $3,496,950 $3,718,218 $14,874,029 $-221,268
2019 $3,835,540 $4,070,165 $14,568,304 $-234,625
2018 $4,852,964 $4,231,775 $14,773,026 $621,189
2018 $4,922,734 $4,242,645 $14,782,458 $680,089
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