ISSAQUAH SWIM TEAM ASSOCIATION (EIN 911022526) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

ISSAQUAH SWIM TEAM ASSOCIATION, founded in 1994, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

OPERATE A YEAR ROUND COMPETITIVE SWIM TEAM, TRAININIG APPROXIMATELY 300 MEMBERS AGES 6 TO 20.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $56,842

Program Service Revenue $1,394,953

Investment Income $24,617

Other Revenue $0

TOTAL REVENUE $1,476,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $678,128

Fundraising Expenses $7,533

Program Expenses $1,476,405

Other Expenses $828,141

TOTAL EXPENSES $1,506,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,476,412	$1,387,014	+0.1%
Expenses	$1,506,269	$1,367,806	+0.1%
Net Income	$-29,857	$19,208	-2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
TIMOTHY D KEARNEY	HEAD COACH	40.00	Highest	$94,789	$0	$94,789
MARK MAGNOTTI	PRESIDENT	5.00	Officer	$0	$0	$0
CORRIE CANADAY	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DARCEY ESTES	SECRETARY	5.00	Officer	$0	$0	$0
ROGER LEWIS	TREASURER	5.00	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	$1,476,412	$1,506,269	$1,283,851	$-29,857
2023	$1,387,014	$1,367,806	$1,243,480	$19,208
2022	$1,327,015	$1,238,005	$1,210,423	$89,010
2021	$1,109,112	$1,083,075	$1,060,795	$26,037
2020	$857,728	$914,041	$984,095	$-56,313
2019	$1,079,720	$1,068,544	$956,064	$11,176
2018	$1,087,454	$1,055,520	$942,779	$31,934

ISSAQUAH SWIM TEAM ASSOCIATION