SARASOTA SHARKS INC

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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

2017

Legal Domicile

Principal Officer

BRENT ARCKEY

Phone

9412609107

Tax Period

2024-07-01 to 2025-06-30

SARASOTA SHARKS INC, founded in 2017, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

Sarasota Sharks, Inc.operates the Selby Aquatic Center. As stewards of the aquatic center, we run a spectrum of aquatics programsand manage the pool. These programs include but are not limited to competitive swimming, lessons, masters swimming, open swim,synchronized swimming, water polo, community programs, training/rental and events.

Program Service Accomplishments

Program 1

Expenses: $1,871,353

Provided aquatics programs and managed the pool for participants who may not have otherwise had access. Provided swimming lessons to Olympic athletes and others by Olympic coaches.

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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 (2024)

Revenue Breakdown

Contributions & Grants $275,061

Program Service Revenue $1,556,130

Investment Income $10,590

Other Revenue $21,950

TOTAL REVENUE $1,863,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $868,435

Fundraising Expenses $128

Program Expenses $1,871,353

Other Expenses $1,029,515

TOTAL EXPENSES $1,898,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,863,731	$1,883,828	0.0%
Expenses	$1,898,078	$1,768,824	+0.1%
Net Income	$-34,347	$115,004	-1.3%

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

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
BRENT ARCKEY	CEO	80.00		$151,443	$0	$151,443
RYAN WALKER	Director	5.00	Director	$0	$0	$0
DAWSON HUGHES	Director	5.00	Director	$0	$0	$0
CYNTHIA DOPJERA	Director	5.00	Director	$0	$0	$0
KARL HUBER	Director	5.00	Director	$0	$0	$0
MISSY CLEARY	Chairman	5.00	Officer	$0	$0	$0
SCOTT CUSTER	Secretary	5.00	Officer	$0	$0	$0
JAY CLARK	Treasurer	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
2025	$1,863,731	$1,898,078	$3,556,694	$-34,347
2024	No data	No data	No data	No data
2023	$1,726,781	$1,400,353	$1,921,672	$326,428
2022	$1,507,946	$1,153,851	$1,606,421	$354,095
2021	$1,187,905	$882,532	$1,254,329	$305,373
2020	$850,527	$837,300	$898,307	$13,227
2019	$1,531,406	$1,129,325	$787,823	$402,081