PREMIER AQUATIC CLUB OF KLEIN INC

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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

2003

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

PREMIER AQUATIC CLUB OF KLEIN INC, founded in 2003, is a small nonprofit that reported $688K in total revenue in fiscal year 2023.

Mission

OUR MISSION STATEMENT: CULTIVATING TOMORROWS LEADERS BY FACILITATING DREAMS THROUGH PERSERVERANCE AND COMPETITION. WE PROMOTE AND FOSTER COMPETITIVE YEAR ROUND SWIMMING TO THE NORTH HOUSTON AREA

Program Service Accomplishments

Program 1

Expenses: $644,330

APPROXIMATELY 400 SWIMMERS PARTICIPATED IN COMPETITIVE SWIMMING FROM LOCAL MEETS TO INTERNATIONAL LEVEL MEETS.

Program 2

PROVIDED REDUCED RATE SWIMMING OR FREE SWIMMNG TO LIMITED FAMILIES THAT COULD NOT OTHERWISE AFFORD FOR THEIR CHILD/CHILDREN TO SWIM COMPETITIVELY YEAR ROUND. VALUE OR EXPENSE TO TEAM IS NOT...

PROVIDED REDUCED RATE SWIMMING OR FREE SWIMMNG TO LIMITED FAMILIES THAT COULD NOT OTHERWISE AFFORD FOR THEIR CHILD/CHILDREN TO SWIM COMPETITIVELY YEAR ROUND. VALUE OR EXPENSE TO TEAM IS NOT DETERMINABLE.

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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 $380,228

Program Service Revenue $285,855

Investment Income $15,385

Other Revenue $6,145

TOTAL REVENUE $687,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,912

Fundraising Expenses $0

Program Expenses $644,330

Other Expenses $358,688

TOTAL EXPENSES $679,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$687,613	N/A	N/A
Expenses	$679,600	N/A	N/A
Net Income	$8,013	N/A	N/A

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
MATT SALE	VICE PRESIDENT	10.00	Officer	$0	$0	$0
LEAH BORELLO	TREASURER	10.00	Officer	$0	$0	$0
KYM HOFFPAUIR	PRESIDENT	10.00	Officer	$0	$0	$0
KIM NEWTON	SECRETARY	10.00	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	$687,613	$679,600	$512,323	$8,013
2023	$675,767	$689,030	$496,641	$-13,263
2022	$849,242	$724,935	$502,121	$124,307
2021	$686,021	$648,133	$432,428	$37,888
2020	$661,438	$676,613	$395,419	$-15,175
2018	$762,317	$779,367	$378,073	$-17,050