MAC-WEST AQUATICS

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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

1997

Legal Domicile

Principal Officer

MICHAEL A CHASSON

Phone

6028204354

Tax Period

2023-01-01 to 2023-12-31

MAC-WEST AQUATICS, founded in 1997, is a micro nonprofit in the Recreation & Sports sector that reported $5K in total revenue in fiscal year 2023. Revenue surged 245% from the prior year, signaling strong growth momentum. Expenses of $30K exceeded revenue, resulting in a 488% operating deficit.

Mission

PROVIDE SWIMMING TRAINING AND INSTRUCTION.

Program Service Accomplishments

Program 1

Expenses: $19,072

PREPARE ATHLETES FOR INTERNATIONAL, NATIONAL, REGIONAL, OR OLYMPIC COMPETITION. PROVIDED TRAINING TO 65 PARTICIPANTS.

Program 2

Expenses: $6,357

PREPARE YOUTHS FOR SWIM COMPETITION AT LOCAL SCHOOLS, JUNIOR HIGHS, HIGH SCHOOLS, OR YMCA'S. PROVIDED TRAINING TO 100 PARTICIPANTS.

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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 $5,170

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,429

Other Expenses $30,395

TOTAL EXPENSES $30,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,170	$1,500	+2.4%
Expenses	$30,395	$42,778	-0.3%
Net Income	$-25,225	$-41,278	-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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A CHASSON	President	8.00	Officer Director	$0	$0	$0
COREY STANBURY	Secretary	1.00	Officer Director	$0	$0	$0
SIMON PERCY	Treasurer	1.00	Officer 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	$5,170	$30,395	$6,456	$-25,225
2022	$1,500	$42,778	$54,726	$-41,278
2021	$224,762	$225,124	$82,266	$-362
2020	$205,338	$168,036	$84,338	$37,302
2019	$128,834	$116,788	$33,538	$12,046
2018	$118,135	$122,189	$38,697	$-4,054