SHARKS SWIM CLUB (EIN 821614279) - 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

Legal Domicile

Principal Officer

JAMES MCMICHAEL

Phone

8324657884

Tax Period

2023-08-01 to 2024-07-31

SHARKS SWIM CLUB is a small nonprofit in the Recreation & Sports sector that reported $976K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $931K left a modest 5% surplus.

Mission

THE SHARKS SWIM CLUB IS DEDICATED TO PROVIDING THE ENVIRONMENT, RESOURCES AND ENCOURAGEMENT FOR ALL OF ITS SWIMMERS TO MAKE A COMMITMENT TO THE HIGHEST LEVEL OF PERSONAL POTENTIAL AND THE PURSUIT OF HUMBLE EXCELLENCE.THE SHARKS ARE COMMITTED TO PROVIDING A SAFE, HEALTHY AND POSITIVE ENVIRONMENT FOR ALL ATHLETES TO GROW IN THEIR SPORT.

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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 $176,676

Program Service Revenue $798,889

Investment Income $0

Other Revenue $0

TOTAL REVENUE $975,565

Expense Breakdown

Grants Paid $950

Salaries & Benefits $431,326

Fundraising Expenses $42,421

Program Expenses $880,803

Other Expenses $498,829

TOTAL EXPENSES $931,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$975,565	$842,293	+0.2%
Expenses	$931,105	$867,416	+0.1%
Net Income	$44,460	$-25,123	-2.8%

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

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

$7,519

Total Directors

$50,294

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GORDON WESTERBERG	DIRECTOR/HEA	65.00	Director	$50,294	$0	$50,294
LAURA D SHIPMAN	TREASURER	15.00	Officer	$7,519	$0	$7,519
EDWARD JONAS	DIRECTOR	1.00	Director	$0	$0	$0
ANN ESBECK	SECRETARY	2.00	Officer	$0	$0	$0
JAMES MCMICHAEL	PRESIDENT	5.00	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
2024	$975,565	$931,105	$449,385	$44,460
2023	$842,293	$867,416	$404,925	$-25,123
2022	$862,796	$799,750	$430,048	$63,046
2021	$755,806	$622,214	$364,586	$133,592
2020	$494,466	$484,312	$219,948	$10,154
2019	$551,694	$459,324	$166,809	$92,370
2018	$489,156	$446,406	$73,996	$42,750

SHARKS SWIM CLUB