CONNETQUOT SWIMMING & DIVING CLUB … - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

ALEX SCHICHILONE SCICHILONE

Phone

6314453267

Tax Period

2021-01-01 to 2021-12-31

CONNETQUOT SWIMMING & DIVING CLUB INC, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $142K in total revenue in fiscal year 2021. Expenses of $180K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE ATHLETIC TRAINING AND COMPETITION TO YOUTH MEMBERS OF THE COMMUNITY OF THE CONNETQUOT AND SURROUNDING SCHOOL DITRICTS IN THE SPORTS OF SWIMMING AND DIVING. TO SUPPORT AND FOSTER PARTICIPATION WITH CHILDREN OF DISABILITY AND ALL ETHNIC BACKGROUND AND PREPARE FOR COLLEGE

Program Service Accomplishments

Program 1

TO FOSTER AMATEUR ATHLETIC TRAINING AND COMPETITION IN SWIMMING AND DIVING

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $142,400

Investment Income $0

Other Revenue $0

TOTAL REVENUE $142,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $151,617

TOTAL EXPENSES $180,125

Year-over-Year Comparison

	2021	2020	Change
Revenue	$142,400	$140,980	+0.0%
Expenses	$180,125	$177,751	+0.0%
Net Income	$-37,725	$-36,771	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX SCICHILONE	PRESIDENT	025.00	Officer	$0	$0	$0
GEORGE RHEIN	TREASURER	005.00	Officer	$0	$0	$0
CHERIE SCICHILONE	SECRETARY	005.00	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
2021	$142,400	$180,125	$-74,496	$-37,725
2020	$140,980	$177,751	$-36,771	$-36,771

CONNETQUOT SWIMMING & DIVING CLUB INC