WALNUT CREEK AQUABEARS SWIM TEAM

EIN: 941693715 501(c)(3)

Walnut Creek, CA

Total Revenue
$624,242
Total Expenses
$644,719
Total Assets
$59,210
Net Assets
$59,210
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
CA
Principal Officer
Mike Heaney
Phone
9259395990
Tax Period
2023-07-01 to 2024-06-30

WALNUT CREEK AQUABEARS SWIM TEAM, founded in 1969, is a small nonprofit that reported $624K in total revenue in fiscal year 2023.

Mission

Provide competitive swim instruction to children ages 5 to 19. Instruction is after school and on weekends. Swimmers compete in local, regional, and national swim meets. Walnut Creek Aquabears is a member club of USA Swimming, our sport's National Governing Body. The coaching staff is paid. All other work is provided by team parents on a volunteer basis.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $593,243
Program Service Revenue $30,657
Investment Income $0
Other Revenue $342
TOTAL REVENUE $624,242

Expense Breakdown

Grants Paid $0
Salaries & Benefits $455,942
Fundraising Expenses $0
Program Expenses $644,719
Other Expenses $188,777
TOTAL EXPENSES $644,719

Year-over-Year Comparison

2023 2022 Change
Revenue $624,242 $598,725 +0.0%
Expenses $644,719 $598,496 +0.1%
Net Income $-20,477 $229 -90.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
5
Employees
14
Volunteers
25

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
6
$271,522
Total Directors
9
$305,122
Key Employees
4
$305,122
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Heaney Head Coach 40
Officer Director Key Emp Highest
$82,170 $40,592 $122,762
Todd Krohn Asst Head Coach 40
Officer Director Key Emp
$89,040 $0 $89,040
Russell Mikuni Head Age Group Coach 40
Officer Director Key Emp
$49,500 $10,220 $59,720
Richard Millington Emeritus Coach 15
Director Key Emp
$33,600 $0 $33,600
Heidi McMillan President 1
Officer Director
$0 $0 $0
Donna Davis Vice President 1
Officer Director
$0 $0 $0
Andy Nonaka Secretary 1
Officer Director
$0 $0 $0
Peter Thomas at large member 1
Director
$0 $0 $0
open position at large member 1
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 $624,242 $644,719 $59,210 $-20,477
2023 $598,725 $598,496 $79,687 $229
2022 $573,540 $552,275 $79,458 $21,265
2021 $442,335 $469,660 $58,193 $-27,325
2021 $442,335 $469,660 $58,194 $-27,325
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