We Love Swimming Inc (EIN 863588785) - 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

2021

Legal Domicile

Phone

5743160581

Tax Period

2024-01-01 to 2024-12-31

We Love Swimming Inc, founded in 2021, is a small nonprofit that reported $220K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $316K exceeded revenue, resulting in a 44% operating deficit.

Mission

Dedicated to advancing the fun, and essential, life skill of swimming within the City of Plymouth, Marshall County, Indiana, and beyond. The company will support instructional, recreational, and competitive swimming opportunities.

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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 $219,604

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $219,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,489

Fundraising Expenses $0

Program Expenses $179,585

Other Expenses $177,648

TOTAL EXPENSES $316,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,604	$451,790	-0.5%
Expenses	$316,137	$468,255	-0.3%
Net Income	$-96,533	$-16,465	+4.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Sturtevant	President	2.00	Officer	$0	$0	$0
Leanne Senter	Sec Treasurer	2.00	Officer	$0	$0	$0
Brad Serf	VP	1.00	Officer	$0	$0	$0
Francis Ellert	Treasurer	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
2025	No data	No data	No data	No data
2024	$219,604	$316,137	$-85,115	$-96,533
2023	$451,790	$466,878	$12,795	$-15,088
2022	$292,420	$341,021	$27,883	$-48,601
2021	$122,255	$45,771	$76,484	$76,484

We Love Swimming Inc