Hillsboro 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

1986

Legal Domicile

Principal Officer

Cordell Swannack

Phone

5037806002

Tax Period

2025-01-01 to 2025-12-31

Hillsboro Swim Team, founded in 1986, is a small nonprofit in the Recreation & Sports sector that reported $751K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

The Hillsboro Swim Team is a USA Swimming club that provides year-round, competitive swimming for the youth in the surrounding communities. The HEAT promotes long-term athlete development as well as the growth of character and sportsmanship. Swimmers are given opportunities to challenge themselves, strive for personal and team achievements, and build skills to last a lifetime. The HEAT is committed to providing a safe, healthy and positive environment for athletes and to following USA Swimming's Safe Sport Policies.

Program Service Accomplishments

Program 1

Expenses: $630,068

Provide coaching and teaching swimming to children aged 5-25. The club swim team benefited on average 190 swimmers during 2024/25 swim season. Swimmers competed in various local and national...

Provide coaching and teaching swimming to children aged 5-25. The club swim team benefited on average 190 swimmers during 2024/25 swim season. Swimmers competed in various local and national competitive swim meets.

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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 (2025)

Revenue Breakdown

Contributions & Grants $321,336

Program Service Revenue $384,855

Investment Income $3,436

Other Revenue $41,588

TOTAL REVENUE $751,215

Expense Breakdown

Grants Paid $10,134

Salaries & Benefits $384,849

Fundraising Expenses $12,297

Program Expenses $630,068

Other Expenses $354,310

TOTAL EXPENSES $749,293

Year-over-Year Comparison

	2025	2024	Change
Revenue	$751,215	$649,400	+0.2%
Expenses	$749,293	$660,008	+0.1%
Net Income	$1,922	$-10,608	-1.2%

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
Cordell Swannack	Treasurer	5.00	Officer Director	$0	$0	$0
Anna Fisher	Director	1.00	Director	$0	$0	$0
Andrea Griggs	Director	1.00	Director	$0	$0	$0
Cathy Hoeksema	Director	1.00	Director	$0	$0	$0
Elena Martinez	Director	1.00	Director	$0	$0	$0
Chelsea McLennan-West	Director	1.00	Director	$0	$0	$0
Heather Perez	Director	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
2025	$751,215	$749,293	$254,865	$1,922
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