FARMINGDALE AQUATICS INC (EIN 800213581) - 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

2008

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FARMINGDALE AQUATICS INC, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $276K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO EDUCATE, INSTRUCT & TRAIN INDIVIDUALS TO DEVELOP & IMPROVE THEIR CAPABILITIES IN THE SPORT OF SWIMMING. WE SHALL PROMOTE SWIMMING FOR THE BENEFIT OF SWIMMERS IF ALL AGES & ABILITIES, IN ACCORDANCE WITH OUR BY LAWS, YOUTH COUNCIL & USA SWI

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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 (2023)

Revenue Breakdown

Contributions & Grants $275,572

Program Service Revenue $0

Investment Income $82

Other Revenue $0

TOTAL REVENUE $275,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,259

Fundraising Expenses $0

Program Expenses $277,157

Other Expenses $127,898

TOTAL EXPENSES $277,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,654	$234,204	+0.2%
Expenses	$277,157	$224,662	+0.2%
Net Income	$-1,503	$9,542	-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

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

N/A

Employees

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

$25,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOREEN MALONEY	RECORDING SECRETARY	5.00	Officer	$8,900	$0	$8,900
ANTHONY GIORDANO	VICE PRESIDENT	5.00	Officer	$8,200	$0	$8,200
THOMAS KIERNAN	PRESIDENT	2.00	Officer	$8,200	$0	$8,200

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	$275,654	$277,157	$174,273	$-1,503
2022	$234,204	$224,662	$175,776	$9,542
2021	$246,869	$181,010	$166,234	$65,859
2020	$141,862	$159,670	$100,375	$-17,808
2019	$199,526	$238,370	$118,183	$-38,844
2018	$222,521	$186,007	$157,027	$36,514

FARMINGDALE AQUATICS INC