Hillsboro Swim Team (EIN 930936464) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

Holly Sehorn

Phone

5037806002

Tax Period

2024-01-01 to 2024-12-31

Hillsboro Swim Team, founded in 1986, is a small nonprofit in the Recreation & Sports sector that reported $649K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Providing coaching and teaching swimming to children ages 5 - 25. The children compete in various local and national competitive swim meets. This swimming program benefits the community and fosters national amateur swimming competition.

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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 $269,625

Program Service Revenue $332,982

Investment Income $3,814

Other Revenue $42,979

TOTAL REVENUE $649,400

Expense Breakdown

Grants Paid $11,254

Salaries & Benefits $325,617

Fundraising Expenses $9,919

Program Expenses $572,122

Other Expenses $323,137

TOTAL EXPENSES $660,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$649,400	$580,899	+0.1%
Expenses	$660,008	$602,882	+0.1%
Net Income	$-10,608	$-21,983	-0.5%

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

200

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
Cullette Sommers	President	5.00	Officer Director	$0	$0	$0
Brenda Montgomery	Vice President	1.00	Officer Director	$0	$0	$0
Desi Kurtz	Secretary	1.00	Officer Director	$0	$0	$0
Holly Sehorn	Tresurer	5.00	Officer Director	$0	$0	$0
Andrea Griggs	Member at large	1.00	Director	$0	$0	$0
Elena Martinez	Member at large	1.00	Director	$0	$0	$0
Cordell Swannack	Member at large	1.00	Director	$0	$0	$0
Anna Fisher	Member at large	1.00	Director	$0	$0	$0
Cathy Hoeksema	Member at large	1.00	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
2024	$649,400	$660,008	$257,391	$-10,608
2023	$580,899	$602,882	$265,678	$-21,983
2022	$539,128	$565,332	$287,661	$-26,204
2021	$532,853	$550,281	$322,142	$-17,428
2020	$376,184	$397,509	$331,704	$-21,325
2019	$605,499	$575,750	$352,650	$29,749
2018	$655,689	$634,189	$322,869	$21,500

Hillsboro Swim Team