NEW ALBANY AQUATICS CLUB INC

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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

2005

Legal Domicile

Principal Officer

DAVE WHARTON

Phone

6145775776

Tax Period

2024-09-01 to 2025-08-31

NEW ALBANY AQUATICS CLUB INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $550K in total revenue in fiscal year 2024. Expenses of $614K exceeded revenue, resulting in a 12% operating deficit.

Mission

COMMUNITY SWIM CLUB PROVIDING COMPETITIVE SWIMMING IN NEW ALBANY, OH. SWIMMING PROGRAMS ARE OPEN TO THE RESIDENTS AND SURROUNDING AREAS AND HAVE THE OBJECTIVE OF FOSTERING EXCELLENCE IN COMPETITIVE SWIMMING AT THE LOCAL, STATE AND NATIONAL LEVELS.

Program Service Accomplishments

Program 1

Expenses: $596,899 Revenue: $549,625

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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 $0

Program Service Revenue $549,625

Investment Income $0

Other Revenue $0

TOTAL REVENUE $549,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,517

Fundraising Expenses $0

Program Expenses $596,899

Other Expenses $297,595

TOTAL EXPENSES $614,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$549,625	$575,656	0.0%
Expenses	$614,112	$609,935	+0.0%
Net Income	$-64,487	$-34,279	+0.9%

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

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

$95,612

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN COFFMAN	HEAD COACH A	40.00	Director	$95,612	$0	$95,612
ANN MARIE GOETTEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN HOOPER	BOARD MEMBER	1.00	Director	$0	$0	$0
MANDY JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
TRISH SLAGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TALBOT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE WHARTON	PRESIDENT	3.00	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
2025	$549,625	$614,112	$79,057	$-64,487
2024	$575,656	$609,935	$136,151	$-34,279
2023	$583,728	$566,269	$205,603	$17,459
2022	$564,763	$528,039	$161,412	$36,724
2021	$443,222	$447,738	$148,912	$-4,516