SANTA CLARA AQUAMAIDS SYNCHRONIZED… - 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

1964

Legal Domicile

Principal Officer

HEATHER DAL CIELO

Phone

4087278496

Tax Period

2023-10-01 to 2024-09-30

SANTA CLARA AQUAMAIDS SYNCHRONIZED SWIMMING CLUB INC, founded in 1964, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 27% operating margin.

Mission

TO ASSIST AND ENCOURAGE YOUNG ATHLETES FROM BEGINNERS TO ELITE IN A NURTURING YET DISCIPLINED ENVIRONMENT IN WHICH ATHLETES CAN ACQUIRE THE TECHNICAL, PHYSICAL, SOCIAL, AND MENTAL SKILLS REQUIRED FOR THE EXECUTION OF SYNCHRONIZED SWIMMING. THE CLUB INSTILLS SELF-DISCIPLINE, GOOD SPORTSMANSHIP, PERSEVERANCE, ENDURANCE, SELF-CONFIDENCE AND TEAMWORK IN EACH ATHLETE WHICH THEY CAN CARRY THROUGH TO ALL ASPECTS OF THEIR LIVES.

Program Service Accomplishments

Program 1

Expenses: $2,408,719 Revenue: $48,529

COMPETITIVE DEVELOPMENT SANTA CLARA AQUAMAIDS PROVIDES TRAINING IN TECHNICAL SWIMMING SKILLS, LEADERSHIP, TEAMWORK, SELF-CONFIDENCE, AND PRESENTATION. THE TRAINING IS PROVIDED BY WORLD-CLASS COACHES WHO HAVE OLYMPIC, INTERNATIONAL, AND COLLEGIATE COMPETITION EXPERIENCE. THESE SKILLS ARE APPLIED IN DOMESTIC AND INTERNATIONAL COMPETITION UP TO THE OLYMPIC LEVEL.

Program 2

Expenses: $0 Revenue: $0

RECREATIONAL DEVELOPMENT THE RECREATIONAL DEVELOPMENT PROGRAM PROVIDES ONGOING TRAINING CAMPS AND TRAINING IN TECHNICAL SWIMMING SKILLS, LEADERSHIP, AND TEAMWORK ON A RECREATIONAL LEVEL FOR YOUNG...

RECREATIONAL DEVELOPMENT THE RECREATIONAL DEVELOPMENT PROGRAM PROVIDES ONGOING TRAINING CAMPS AND TRAINING IN TECHNICAL SWIMMING SKILLS, LEADERSHIP, AND TEAMWORK ON A RECREATIONAL LEVEL FOR YOUNG PEOPLE AGES 6 TO 18.

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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 $662,193

Program Service Revenue $48,529

Investment Income $74,753

Other Revenue $4,968,699

TOTAL REVENUE $5,754,174

Expense Breakdown

Grants Paid $20,300

Salaries & Benefits $1,882,485

Fundraising Expenses $1,037,439

Program Expenses $2,408,719

Other Expenses $2,303,683

TOTAL EXPENSES $4,206,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,754,174	$4,976,098	+0.2%
Expenses	$4,206,468	$4,142,033	+0.0%
Net Income	$1,547,706	$834,065	+0.9%

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

Volunteers

120

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

$341,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINGMING LIU	TREASURER	10.00	Officer Director	$0	$0	$0
EILEEN TSE	SECRETARY	10.00	Officer Director	$0	$0	$0
HEATHER DAL CIELO	PRESIDENT	10.00	Officer Director	$0	$0	$0
DAVE BOOR	DIRECTOR	10.00	Director	$0	$0	$0
AYDIN BIRIK	DIRECTOR	10.00	Director	$0	$0	$0
LAUREN MCFALL GARDNER	DIRECTOR	10.00	Director	$0	$0	$0
SHEILA BARRY	DIRECTOR	10.00	Director	$0	$0	$0
JOE XING	DIRECTOR	10.00	Director	$0	$0	$0
JEANNE PEREZ UNTIL 124	DIRECTOR	10.00	Director	$0	$0	$0
PERNILLA OVAFORDT UNTIL 124	DIRECTOR	10.00	Director	$0	$0	$0
MARY KEELER	COO	50.00	Officer	$150,487	$10,000	$160,487
WILLIAM MAY	HEAD COACH	50.00	Officer	$170,629	$10,000	$180,629

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	$5,754,174	$4,206,468	$10,035,194	$1,547,706
2023	$4,976,098	$4,142,033	$8,399,940	$834,065
2022	$5,451,001	$3,562,874	$7,473,522	$1,888,127
2021	$3,242,783	$2,107,455	$5,924,815	$1,135,328
2020	$1,570,930	$2,536,312	$5,079,234	$-965,382
2019	$3,557,739	$3,369,567	$6,005,194	$188,172
2018	$3,467,117	$3,409,030	$5,975,114	$58,087

SANTA CLARA AQUAMAIDS SYNCHRONIZED SWIMMING CLUB INC