Lakeside Aquatic Club (EIN 751835239) - 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

1982

Legal Domicile

Phone

4694440712

Tax Period

2024-09-01 to 2025-08-31

Lakeside Aquatic Club, founded in 1982, is a community nonprofit in the Recreation & Sports sector that reported $4.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDE STRUCTURED YOUTH SWIMMING PROGRAMS AND TRAINING FOR APPROXIMATELY 900 ATHLETES, PRIMARILY IN THE DENTON AND TARRANT COUNTY AREAS OF NORTH TEXAS.

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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 $29,076

Program Service Revenue $3,863,118

Investment Income $35,107

Other Revenue $245,073

TOTAL REVENUE $4,172,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,585,063

Fundraising Expenses $0

Program Expenses $4,250,856

Other Expenses $1,677,583

TOTAL EXPENSES $4,262,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,172,374	$3,844,468	+0.1%
Expenses	$4,262,646	$3,729,177	+0.1%
Net Income	$-90,272	$115,291	-1.8%

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

129

Volunteers

852

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	Role	Reportable Comp	Other Comp	Total
Mark Lucas	Vice President	Officer	$0	$0	$0
Clayton Crabtree	Director	Officer	$0	$0	$0
Steve Crabtree	Director	Officer	$0	$0	$0
Jennifer Leuschner	Director	Officer	$0	$0	$0
Francisco Romero	Director	Officer	$0	$0	$0
Tony Schnapp	Director	Officer	$0	$0	$0
Csongor Bibza	Treasurer	Officer	$0	$0	$0
John Gideon	President & CEO	Officer	$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	$4,172,374	$4,262,646	$908,775	$-90,272
2024	$3,844,468	$3,729,177	$977,658	$115,291
2023	$3,069,090	$3,286,671	$853,769	$-217,581
2022	$2,759,695	$2,656,497	$1,073,156	$103,198
2021	$2,751,545	$2,247,166	$969,209	$504,379
2020	$1,565,476	$1,831,851	$705,173	$-266,375
2019	$2,040,230	$2,053,830	$768,558	$-13,600
2018	$1,993,651	$1,895,416	$762,665	$98,235

Lakeside Aquatic Club