TEAM Y2K

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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

KATHY RIGALI

Phone

6305489600

Tax Period

2023-01-01 to 2023-12-31

TEAM Y2K, founded in 2018, is a small nonprofit in the Recreation & Sports sector that reported $403K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Every day we strive to provide an environment where personal excellence, teamwork and commitment are expected. Through the pursuit of dreams and goals, we will learn valuable life skills and develop the drive to achieve our potential in swimming and life. We are committed to fostering a healthy environment (mentally and physically) where kids feel safe, and are not afraid to fall down, fall short or fail in the lofty pursuit of their dreams. This is where character is developed. To build a tradition of swimming excellence tied to the Oak Park/River Forest community. We will have the reputation of being a safe space that produces passionate, inspired and high achieving swimmers, coaches and parents. We will strive to give back to the community that supports us.

Program Service Accomplishments

Program 1

Expenses: $382,791 Revenue: $403,187

TEAM Y2K ACHIEVED THREE MAIN GOALS IN 2022:WE HAVE ACCESS TO FINITE POOL TIME AND SPACE AND HAVE STARTED TO MAKE INROADS TO OBTAIN MORE WATER TIME. WE CONTINUE TO MAINTAIN A MEMBERSHIP AT CAPACITY! WE WORK HARD TO CHALLENGE OUR RANGE OF SWIMMERS SO THEY GROW AND IMPROVE IN THE SPORT.TEAM Y2K, AS A TEAW, HAD OVER 80% OF THE ROSTER PARTICIPATE IN A SANCTIONED SWIM MEET. THIS IS THE HIGHEST % OF SWIM MEET INVOLVEMENT WE HAVE HAD AND IS A DIRECT RESULT OF INCREASING OUR REGISTERED TEAM OFFICIALS.AND FOR THE FIRST TIME, OVER 58% OF OUR SWIMMERS THAT COMPETED ACHIEVED USA SWIMMING BB TIMES STANDARDS OR FASTER.

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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 $200

Program Service Revenue $403,187

Investment Income $0

Other Revenue $0

TOTAL REVENUE $403,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,500

Fundraising Expenses $0

Program Expenses $382,791

Other Expenses $302,365

TOTAL EXPENSES $392,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$403,387	$367,729	+0.1%
Expenses	$392,865	$351,603	+0.1%
Net Income	$10,522	$16,126	-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

N/A

Employees

N/A

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

$90,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY RIGALI	President	20.00	Officer	$90,500	$0	$90,500
GREG RIGALI	Vice President	1.00	Officer	$0	$0	$0
MEGAN FOODY	Secretary	1.00	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
2023	$403,387	$392,865	$119,681	$10,522
2022	$367,729	$351,603	$105,859	$16,126
2021	$376,979	$291,143	$89,470	$85,836
2019	$265,349	$227,544	$51,711	$37,805