Cor Swimming Association

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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

Legal Domicile

Phone

9729348102

Tax Period

2022-09-01 to 2023-08-31

Cor Swimming Association is a small nonprofit that reported $774K in total revenue in fiscal year 2022. Expenses of $864K exceeded revenue, resulting in a 12% operating deficit.

Mission

The stated mission of the club is developing, educating and empowering our youth in the quest for leadership and achievement in life, through swimming.

Program Service Accomplishments

Program 1

Expenses: $823,652 Revenue: $668,530

UNITED STATES SWIMING AFFILIATED CLUB TEACHING COMPETITIVE SWIMMING TO OVER 190 SWIMMERS.

Program 2

Revenue: $92,649

HOST & PARTICIPATE IN UNITED STATES SWIMMING MEETS WITH OTHER SWIM CLUBS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,390

Program Service Revenue $761,179

Investment Income $0

Other Revenue $8,758

TOTAL REVENUE $774,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,019

Fundraising Expenses $0

Program Expenses $823,652

Other Expenses $418,416

TOTAL EXPENSES $864,435

Year-over-Year Comparison

	2022	2021	Change
Revenue	$774,327	$802,764	0.0%
Expenses	$864,435	$809,967	+0.1%
Net Income	$-90,108	$-7,203	+11.5%

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

223

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
Kelly Belknap	Fundraising	Officer	$0	$0	$0
Emily Broad	Treasurer	Officer	$0	$0	$0
Enrique Linscheer	Sec/Parliment	Officer	$0	$0	$0
Jennifer Sandridge	CFO	Officer	$0	$0	$0
Robert Whitehead	President	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
2023	$774,327	$864,435	$39,469	$-90,108
2022	$802,764	$809,967	$129,577	$-7,203
2021	$724,852	$611,010	$136,780	$113,842
2020	$546,590	$529,017	$99,938	$17,573
2019	$610,154	$621,255	$5,365	$-11,101
2018	$624,449	$675,628	$16,811	$-51,179