SWIM WITH MIKE FOUNDATION (EIN 854007132) - 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

2020

Legal Domicile

Principal Officer

NEIL MACREADY

Phone

6263907675

Tax Period

2023-01-01 to 2023-12-31

SWIM WITH MIKE FOUNDATION, founded in 2020, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $458K, a strong 30% operating margin.

Mission

PROVIDE FINANCIAL RESOURCES FOR ADVANCED EDUCATION THAT PAVES THE WAY FOR PHYSICALLY CHALLENGED ATHLETES

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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 $1,338,098

Program Service Revenue $0

Investment Income $189,854

Other Revenue $0

TOTAL REVENUE $1,527,952

Expense Breakdown

Grants Paid $592,950

Salaries & Benefits $168,565

Fundraising Expenses $152,243

Program Expenses $813,686

Other Expenses $308,365

TOTAL EXPENSES $1,069,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,527,952	$1,395,397	+0.1%
Expenses	$1,069,880	$1,057,385	+0.0%
Net Income	$458,072	$338,012	+0.4%

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

Total Directors

$74,713

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
RON ORR	Executive Dir.	Director	$74,713	$0	$74,713
MIKE NYEHOLT	Chairman	Officer Director	$0	$0	$0
SCOT OBLER	Treasurer	Director	$0	$0	$0
NEIL MACREADY	President	Officer Director	$0	$0	$0
JENNIFER JOHNSON	Secretary	Officer Director	$0	$0	$0
NATALIE BUCHOZ	Director	Director	$0	$0	$0
NICHOLAS ENRIQUEZ	Director	Director	$0	$0	$0
GREG HARGRAVE	Director	Director	$0	$0	$0
DARYL HOLMLUND	Director	Director	$0	$0	$0
MARA HUNTER REDDEN	Director	Director	$0	$0	$0
FRED UYTENGSU	Director	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
2024	No data	No data	No data	No data
2023	$1,527,952	$1,069,880	$9,109,229	$458,072
2023	$1,527,952	$1,069,880	$9,109,229	$458,072
2022	$1,395,397	$1,057,385	$9,245,892	$338,012
2021	$3,399,976	$802,148	$8,897,922	$2,597,828
2020	$6,307,254	$7,159	$6,300,094	$6,300,095
2020	$6,307,254	$7,159	$6,300,095	$6,300,095

SWIM WITH MIKE FOUNDATION