VELOCITY SWIMMING

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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

1975

Legal Domicile

Phone

5098848917

Tax Period

2023-09-01 to 2024-08-31

VELOCITY SWIMMING, founded in 1975, is a small nonprofit that reported $299K in total revenue in fiscal year 2023.

Mission

YOUTH SWIMMING COMPETITIONS THROUGH USA SWIMMING.

Program Service Accomplishments

Program 1

Expenses: $317,878

THE ORGANIZATION HOSTED THREE SWIM MEETS. 78 TO 110 SWIMMERS WERE TRAINED FOR THESE MEETS. IN ADDITION, TEAM MEMBERS ATTENDED OUT OF TOWN MEETS HOSTED BY OTHER SWIM CLUBS.

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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 $273,186

Investment Income $2,191

Other Revenue $23,820

TOTAL REVENUE $299,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,362

Fundraising Expenses $0

Program Expenses $317,878

Other Expenses $149,014

TOTAL EXPENSES $326,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,197	$293,959	+0.0%
Expenses	$326,376	$277,318	+0.2%
Net Income	$-27,179	$16,641	-2.6%

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

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
CHRIS MYHRE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH APPLEGATE	Director	1.00	Director	$0	$0	$0
LISA MONAHAN	Director	1.00	Director	$0	$0	$0
JEFF SUTTON	Director	1.00	Director	$0	$0	$0
AMANDA MCLAREN	Director	1.00	Director	$0	$0	$0
NICOLE BROWNLEE	Director	1.00	Director	$0	$0	$0
KRIS SULLIVAN	Director	1.00	Director	$0	$0	$0
CLAUDIA ROY RIBELLIA	President	3.00	Officer	$0	$0	$0
KATE STILES	Secretary	2.00	Officer	$0	$0	$0
KRIS MOORE	Vice President	2.00	Officer	$0	$0	$0
NOELLE GRIGSBY	Treasurer	2.00	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
2024	$299,197	$326,376	$233,701	$-27,179
2023	$293,959	$277,318	$245,059	$16,641
2022	$223,768	$215,083	$229,224	$8,685
2021	$224,980	$161,021	$237,423	$63,959
2019	$240,151	$217,471	$177,992	$22,680
2018	$231,712	$237,084	$154,271	$-5,372