The Revere Aquatics Corporation

EIN: 800063616 501(c)(3)

Winthrop, MA

Total Revenue
N/A
Total Expenses
$66,252
Total Assets
N/A
Net Assets
N/A
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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
MA
Principal Officer
THOMAS CONNOLLY
Phone
7812847865
Tax Period
2021-01-01 to 2021-12-31

Mission

To provide swimming instruction for underprivileged youth

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $61,737
Fundraising Expenses $0
Program Expenses $0
Other Expenses $4,515
TOTAL EXPENSES $66,252

Year-over-Year Comparison

2021 2020 Change
Revenue N/A $75,568 -1.0%
Expenses $66,252 $142,631 -0.5%
Net Income N/A $-67,063 N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
3
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
2
$10,250
Total Directors
2
$47,099
Key Employees
2
$54,359
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS R CONNOLLY PRESIDENT & CLERK 8.00
Officer Key Emp Highest
$10,250 $0 $10,250
MARY N CONNOLLY TREASURER 2.00
Officer
$0 $0 $0
IAN T CONNOLLY DIRECTOR 16.00
Director Key Emp
$44,109 $0 $44,109
RYAN J CONNOLLY DIRECTOR 2.00
Director
$2,990 $0 $2,990
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
2021 No data $66,252 No data No data
2020 $75,568 $142,631 No data $-67,063
2019 $351,257 $329,721 No data $21,536
2018 $291,049 $287,453 No data $3,596
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