NSEASWIM (EIN 833450312) - 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

2000

Legal Domicile

Principal Officer

Matthew Derry

Tax Period

2024-01-01 to 2024-12-31

NSEASWIM, founded in 2000, is a small nonprofit in the Public Safety sector that reported $491K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $788K exceeded revenue, resulting in a 61% operating deficit.

Mission

To provide Swimming instruction and opportunities for competitive swimming to individuals living in New Hanover, Pender, and Brunswick counties of North Carolina

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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 $0

Program Service Revenue $490,765

Investment Income $0

Other Revenue $0

TOTAL REVENUE $490,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,979

Fundraising Expenses $0

Program Expenses $475,056

Other Expenses $509,808

TOTAL EXPENSES $787,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,765	$451,995	+0.1%
Expenses	$787,787	$402,319	+1.0%
Net Income	$-297,022	$49,676	-7.0%

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

$65,142

Total Directors

$11,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charmaine Lewis	Vice President	5.00	Officer	$0	$0	$0
David Witmer	President	10.00	Officer	$0	$0	$0
Matthew Derry	Treasurer	10.00	Officer	$0	$0	$0
Jamie Mayo	Member at large	10.00	Director	$0	$0	$0
Andrew Harrison	Assistant Coach	15.00	Director	$11,000	$0	$11,000
Jon-Paul Merchant	Head Coach	40.00	Officer	$65,142	$0	$65,142
Melissa Blair	Secretary	2.00	Director	$0	$0	$0
Jeffery Eder	Member at large	2.00	Director	$0	$0	$0
Donald Williams	Member at large	1.00		$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	$490,765	$787,787	$464,333	$-297,022
2024	No data	No data	No data	No data
2023	$451,995	$402,319	$472,675	$49,676

NSEASWIM