DESERT THUNDER AQUATICS CLUB

EIN: 860823933 501(c)(3)

CHANDLER, AZ

Total Revenue
$204,399
Total Expenses
$203,329
Total Assets
$7,701
Net Assets
$-5,151
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
AZ
Principal Officer
SCOTT LATHROP
Phone
4802097584
Tax Period
2023-01-01 to 2023-12-31

DESERT THUNDER AQUATICS CLUB, founded in 1997, is a small nonprofit that reported $204K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

DESERT THUNDER AQUATICS IS A COMPETITIVE SWIMMING TEAM ORGANIZED FOR THE PURPOSE OF PROVIDING SWIMMERS WITH THE OPPORTUNITY TO REACH THEIR FINEST POTENTIAL. IT IS THE GOAL OF DESERT THUNDER AQUATICS TO DEVELOP A NATIONALLY RECOGNIZED USA SWIMMING PROGRAM BY (SEE SCHEDULE O) PROVIDING AN ENVIRONMENT WHERE AN AGE GROUP SWIMMER WITH THE APPROPRIATE TALENT AND DESIRE CAN DEVELOP INTO A WORLD CLASS COMPETITOR. SIMULTANEOUSLY, DESERT THUNDER AQUATICS IS COMMITTED TO OFFERING QUALITY PROGRAMS THAT WILL PROVIDE A FUN AND REWARDING EXPERIENCE FOR SWIMMERS OF ALL LEVELS AND GOALS.

Program Service Accomplishments

Program 1
Expenses: $160,480 Revenue: $144,456

DESERT THUNDER'S PROGRAM IS BUILT ON A DEVELOPMENTAL COACHING PHILOSOPHY. OUR TRAINING PROGRAMS ARE TAILORED TO THE PHYSICAL AND EMOTIONAL DEVELOPMENT OF THE SWIMMER AND INCORPORATE STATE OF THE ART...

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DESERT THUNDER'S PROGRAM IS BUILT ON A DEVELOPMENTAL COACHING PHILOSOPHY. OUR TRAINING PROGRAMS ARE TAILORED TO THE PHYSICAL AND EMOTIONAL DEVELOPMENT OF THE SWIMMER AND INCORPORATE STATE OF THE ART APPLICATIONS OF RESEARCH IN THE AREAS OF BIOMECHANICS, NEUROLOGY, AND EXERCISE PHYSIOLOGY. OUR APPROACH IS A HIGHLY MOTIVATIONAL ONE WHICH FOCUSES ON INDIVIDUAL IMPROVEMENT AND RELIES ON A COOPERATIVE EFFORT BETWEEN THE COACHING STAFF, THE SWIMMER AND THE SWIMMER'S PARENTS.WE ALSO, WITH THE HELP OF VOLUNTEERS, ORGANIZED AND CONDUCTED LOCAL MEETS AND MINI-MEETS. SWIMMERS FORM THE ORGANIZATION PARTICIPATE IN THESE MEETS AND IN MEETS HELD BY SIMILAR ORGANIZATIONS. EMPLOYEES OF THE ORGANIZATION COACHED THE SWIMMERS AT THESE MEETS. CLUB SWIMMERS COMPETE IN STATE, REGIONAL AND SECTIONAL MEETS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $58,430
Program Service Revenue $143,727
Investment Income $0
Other Revenue $2,242
TOTAL REVENUE $204,399

Expense Breakdown

Grants Paid $990
Salaries & Benefits $115,355
Fundraising Expenses $8,626
Program Expenses $160,480
Other Expenses $86,984
TOTAL EXPENSES $203,329

Year-over-Year Comparison

2023 2022 Change
Revenue $204,399 $226,330 -0.1%
Expenses $203,329 $222,151 -0.1%
Net Income $1,070 $4,179 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
1
Employees
4
Volunteers
50

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
3
$64,977
Total Directors
4
$64,977
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT LATHROP PRESIDENT 20.00
Officer Director
$30,450 $3,027 $33,477
ANDREW SCHNELLER VICE PRESIDENT 25.00
Officer Director
$31,500 $0 $31,500
ERICA SWISHER SECRETARY UNTIL 12-2023 15.00
Officer Director
$0 $0 $0
KEVIN BAUERLE BOARD MEMBER 2.00
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
2023 $204,399 $203,329 $7,701 $1,070
2022 $226,330 $222,151 $8,922 $4,179
2021 $293,762 $269,762 $10,596 $24,000
2020 $149,300 $210,310 $16,584 $-61,010
2019 $208,962 $262,191 $19,847 $-53,229
2018 $308,709 $296,742 $22,060 $11,967
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