BAINBRIDGE ISLAND WATER POLO CLUB … - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

JAKE GERLACH

Phone

2067809840

Tax Period

2024-01-01 to 2024-12-31

BAINBRIDGE ISLAND WATER POLO CLUB INC, founded in 1992, is a small nonprofit that reported $305K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

WATER POLO YOUTH DEVELOPMENT FOR AGES 10 THOUGHT ADULT

Program Service Accomplishments

Program 1

Expenses: $333,052 Revenue: $298,061

YEAR ROUND COMPETIVE WATER POLO PROGRAM SERVING 70 PLUS MEMBERS WITH COACHING, POOL ACCESS AND EQUIPMENT

Program 2

YEAR ROUND COMPETIVE WATER POLO PROGRAM SERVING 70 PLUS MEMBERS WITH COACHING, POOL ACCESS AND EQUIPMENT

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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 $7,353

Program Service Revenue $299,608

Investment Income $0

Other Revenue $-1,547

TOTAL REVENUE $305,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $333,052

Other Expenses $335,889

TOTAL EXPENSES $335,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,414	$236,512	+0.3%
Expenses	$335,889	$221,471	+0.5%
Net Income	$-30,475	$15,041	-3.0%

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
SEAN RICH	PRESIDENT	6.00	Officer Director	$0	$0	$0
JAKE GERLACH	TREASURER	6.00	Officer Director	$0	$0	$0
CAREY COX	DIRECTOR - REGISTAR	2.00	Director	$0	$0	$0
SARAH ATCHISON	SECRETARY	2.00	Officer Director	$0	$0	$0
MARINA GIAMEOS	DIRECTOR UNIFORM & EQUIPME	2.00	Director	$0	$0	$0
SAMANTHA EVERETT	DIRECTOR ATHLETE SAFETY OF	2.00	Director	$0	$0	$0
KRISTIN GELLERT	DIRECTOR HEAD COACH	10.00	Director	$0	$0	$0
KIM SCREEN	DIRECTOR - SOCIAL CHAIR	2.00	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
2025	No data	No data	No data	No data
2024	$305,414	$335,889	$38,633	$-30,475
2023	$236,512	$221,471	$66,049	$15,041
2022	$235,729	$234,750	$51,006	$979

BAINBRIDGE ISLAND WATER POLO CLUB INC