CAROLINA SWIMS FOUNDATION (EIN 813732331) - 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

2016

Legal Domicile

Principal Officer

SARAH CHAIRES

Phone

9195934974

Tax Period

2025-01-01 to 2025-12-31

CAROLINA SWIMS FOUNDATION, founded in 2016, is a micro nonprofit in the Youth Development sector that reported $17K in total revenue in fiscal year 2025. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $23K exceeded revenue, resulting in a 36% operating deficit.

Mission

By "Giving the Gift of Swim" to children in foster care, and others that can not afford it, through a swim lesson, provides children life-saving skills, and helps to build mastery in their own lives (both mentally and physically) through the medium of swimming while also preventing drownings.

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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 (2025)

Revenue Breakdown

Contributions & Grants $16,935

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $16,935

Expense Breakdown

Grants Paid $18,522

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,522

Other Expenses $4,506

TOTAL EXPENSES $23,028

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,935	$28,236	-0.4%
Expenses	$23,028	$18,645	+0.2%
Net Income	$-6,093	$9,591	-1.6%

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
SARAH CHAIRES	President	10.00	Director	$0	$0	$0
ROBIN TERRY	Treasurer	5.00	Director	$0	$0	$0
BEN COLLEY	Secretary	5.00	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	$16,935	$23,028	$16,827	$-6,093
2024	No data	No data	No data	No data
2023	$21,774	$18,616	$13,329	$3,158
2022	$15,291	$13,374	$10,171	$1,917
2021	$14,699	$14,639	$8,254	$60
2020	$5,394	$3,243	$8,194	$2,151

CAROLINA SWIMS FOUNDATION