OLYMPUS AQUATICS (EIN 900968815) - 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

2013

Legal Domicile

Principal Officer

SHAWN Q STRINGHAM

Phone

8016415278

Tax Period

2023-01-01 to 2023-12-31

OLYMPUS AQUATICS, founded in 2013, is a small nonprofit that reported $573K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $551K left a modest 4% surplus.

Mission

OLYMPUS AQUATICS WAS ORGANIZED TO PROMOTE AQUATIC AND FITNESS ACTIVITIES, SUCH AS COMPETITIVE YOUTH SWIMMING, MASTERS SWIMMING AND WATER POLO. WE CURRENTLY HAVE OVER 300 ATHLETES PARTICIPATING IN OUR PROGRAMS. THE NUMBER OF ATHLETES SERVED CONTINUES TO INCREASE.

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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 $0

Program Service Revenue $559,070

Investment Income $0

Other Revenue $14,058

TOTAL REVENUE $573,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,498

Fundraising Expenses $0

Program Expenses $443,994

Other Expenses $318,264

TOTAL EXPENSES $550,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$573,128	$604,178	-0.1%
Expenses	$550,762	$540,413	+0.0%
Net Income	$22,366	$63,765	-0.6%

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

175

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

$99,000

Total Directors

$99,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS THORUM	HEAD COACH/B	40.00	Officer Director	$79,000	$0	$79,000
SHAWN Q STRINGHAM	CLUB/BOARD P	40.00	Officer Director	$20,000	$0	$20,000
LEE CHAMBERLAIN	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
STEVE JOHNSON	BOARD MEMBER	5.00	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
2024	No data	No data	No data	No data
2023	$573,128	$550,762	$92,636	$22,366
2022	$604,178	$540,413	$61,361	$63,765
2021	$731,235	$717,306	$22,936	$13,929
2020	$405,917	$436,815	$9,177	$-30,898

OLYMPUS AQUATICS