Verona Area Swim Team Inc (EIN 831011710) - 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

2018

Legal Domicile

Principal Officer

Phil Van Houten

Phone

6082159745

Tax Period

2024-09-01 to 2025-08-31

Verona Area Swim Team Inc, founded in 2018, is a small nonprofit in the Recreation & Sports sector that reported $561K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $523K left a modest 7% surplus.

Mission

The Verona Area Swim Team (VAST) is dedicated to providing opportunities through the sport of swimming. VAST fosters confidence and excellence among athletes, both in the water and within their community.

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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 $21,446

Program Service Revenue $533,478

Investment Income $4,129

Other Revenue $2,290

TOTAL REVENUE $561,343

Expense Breakdown

Grants Paid $500

Salaries & Benefits $176,564

Fundraising Expenses $0

Program Expenses $475,579

Other Expenses $345,805

TOTAL EXPENSES $522,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$561,343	$441,450	+0.3%
Expenses	$522,869	$387,662	+0.3%
Net Income	$38,474	$53,788	-0.3%

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
Ryan Geier	President (Fmr)	1.00	Officer Director	$0	$0	$0
Phil Van Houten	President	1.00	Officer Director	$0	$0	$0
Angela Arts	Vice President	1.00	Officer Director	$0	$0	$0
Michelle Konarske	Treasurer	1.00	Officer Director	$0	$0	$0
Allison Plumer	Secretary	1.00	Officer Director	$0	$0	$0
Mylinda Heil	Director	1.00	Director	$0	$0	$0
Andrew Mullvain	Director	1.00	Director	$0	$0	$0
Leslie Goodavish	Director	1.00	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	$561,343	$522,869	$274,920	$38,474
2024	$441,450	$387,662	$242,542	$53,788
2023	$445,887	$405,613	$187,477	$40,274
2022	$274,538	$225,846	$122,445	$48,692

Verona Area Swim Team Inc