BELLINGHAM BAY SWIM TEAM

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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

1995

Legal Domicile

Principal Officer

CHRIS FUHRMAN

Tax Period

2023-09-01 to 2024-08-31

BELLINGHAM BAY SWIM TEAM, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $668K in total revenue in fiscal year 2023.

Mission

OUR GOAL IS TO OFFER A POSITVE, SUPPORTIVE, AND FUN ENVIRONMENT, WHICH PROMOTES EXCELLENCE IN AND OUT OF THE WATER THROUGH HARD WORK AND DEDICATION.

Program Service Accomplishments

Program 1

Expenses: $672,346 Revenue: $632,619

MEMBERSHIP SUPPORTED PROGRAM FOR BELLINGHAM BAY SWIM TEAMS OPERATIONAL EXPENSES, SUCH AS SWIMMING MEETS, COACHING, TRAINING, FACILITY RENTAL, ETC. 2,350 VOLUNTEER HOURS WERE CONTRIBUTED BY MEMBERS IN...

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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 $20,630

Program Service Revenue $632,619

Investment Income $2,457

Other Revenue $12,451

TOTAL REVENUE $668,157

Expense Breakdown

Grants Paid $2,770

Salaries & Benefits $297,475

Fundraising Expenses $0

Program Expenses $672,346

Other Expenses $379,723

TOTAL EXPENSES $679,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$668,157	$648,950	+0.0%
Expenses	$679,968	$638,410	+0.1%
Net Income	$-11,811	$10,540	-2.1%

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

300

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
JESSICA STONE	DIRECTOR	4.00	Director	$0	$0	$0
LAURA MCGRATH	DIRECTOR	4.00	Director	$0	$0	$0
CHRIS COGHILL	DIRECTOR	4.00	Director	$0	$0	$0
LYNN MURPHY	VICE PRESIDENT	4.00	Officer	$0	$0	$0
ASHLEY HULBERT	SECRETARY	4.00	Officer	$0	$0	$0
DAN DEETS	TREASURER	4.00	Officer	$0	$0	$0
CHRIS FUHRMAN	PRESIDENT	4.00	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	$668,157	$679,968	$175,275	$-11,811
2023	$648,950	$638,410	$181,619	$10,540
2022	$466,797	$451,037	$226,407	$15,760
2021	$392,114	$392,435	$194,458	$-321
2020	$261,767	$251,236	$208,497	$10,531
2019	$272,332	$275,028	$167,391	$-2,696
2018	$350,544	$358,027	$144,213	$-7,483