NORTH SUBURBAN INSTRUCTIONAL AQUAT… - 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

1985

Legal Domicile

Principal Officer

RORY COPLAN-HEAD COACH

Phone

6128395876

Tax Period

2024-09-01 to 2025-08-31

NORTH SUBURBAN INSTRUCTIONAL AQUATICS I, founded in 1985, is a small nonprofit in the Recreation & Sports sector that reported $315K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $406K exceeded revenue, resulting in a 29% operating deficit.

Mission

NSAC IS A USA SWIMMING YEAR-ROUND COMPETITIVE SWIM CLUB OFFERING HIGHQUALITY PROFESSIONAL COACHING AND TECHNIQUE INSTRUCTION FOR ALL AGESAND ABILITIES. THE GOAL OF OUR CLUB IS TO PROVIDE EVERY MEMBER ANOPPORTUNITY TO IMPROVE SWIMMING SKILLS AND ACHEIVE SUCCESS AT HIS OR HER LEVEL OF ABILITY, FROM NOVICE TO CHAMPION.

Program Service Accomplishments

Program 1

Expenses: $265,755 Revenue: $279,005

SWIM INSTRUCTION, 150 MEMBERS, 250 DAYS, MULTIPLE SESSIONS PER DAY

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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 $35,992

Program Service Revenue $259,846

Investment Income $207

Other Revenue $19,159

TOTAL REVENUE $315,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,859

Fundraising Expenses $2,478

Program Expenses $265,755

Other Expenses $176,726

TOTAL EXPENSES $405,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,204	$483,175	-0.3%
Expenses	$405,585	$383,402	+0.1%
Net Income	$-90,381	$99,773	-1.9%

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

150

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
DEREK PANEK	PRESIDENT	5.00	Director	$0	$0	$0
LAURA BOROFKA	SECRETARY	5.00	Director	$0	$0	$0
JOSH MOELLMAN	DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE EDWARDS	PERSONNEL COORDINATOR	5.00	Director	$0	$0	$0
JASON MCINTYRE	TREASURER	5.00	Director	$0	$0	$0
SCOTT WALLACE	DIRECTOR	5.00	Director	$0	$0	$0
DAVE LEIGHTON	DIRECTOR	5.00	Director	$0	$0	$0
RORY COPLAN	DIRECTOR/HEAD COACH	40.00	Officer Director	$0	$0	$0
ELIZABETH HOWARD-MCDANIEL	DIRECTOR	5.00	Director	$0	$0	$0
TRACY BOTTEN	DIRECTOR	6.00	Officer Director	$0	$0	$0
DAVE LEIGHTON	DIRECTOR	5.00	Director	$0	$0	$0
ANGIE SAGE	DIRECTOR	5.00	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	$315,204	$405,585	$137,284	$-90,381
2024	$483,175	$383,402	$233,871	$99,773
2023	$327,497	$326,393	$187,253	$1,104
2022	$296,031	$238,787	$186,466	$57,244
2021	$253,864	$214,646	$125,995	$39,218
2020	$267,033	$252,907	$72,074	$14,126

NORTH SUBURBAN INSTRUCTIONAL AQUATICS I