California Aquatic Therapy and Wellness Center Inc (EIN 952382016) - 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

1996

Legal Domicile

Principal Officer

Patricia Dixon

Phone

3105372224

Tax Period

2023-01-01 to 2023-12-31

California Aquatic Therapy and Wellness Center Inc, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $980K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

To provide aquatic therapy, exercise and wellness programs to improve the quality of life of people with disabilitie, tghe elderly, and injured individuals.

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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 $561,861

Program Service Revenue $417,963

Investment Income $44

Other Revenue $0

TOTAL REVENUE $979,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $561,514

Fundraising Expenses $18,532

Program Expenses $962,160

Other Expenses $595,562

TOTAL EXPENSES $1,157,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$979,868	$1,250,992	-0.2%
Expenses	$1,157,076	$856,007	+0.4%
Net Income	$-177,208	$394,985	-1.4%

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

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

N/A

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

$154,872

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carlos Urbina	President	2.00	Officer Director	$0	$0	$0
Anthony Formoso	Secretary	2.00	Officer Director	$0	$0	$0
Linda Wilson	Board Member	2.00	Officer Director	$0	$0	$0
John Andrews	Treasurer	2.00	Director	$0	$0	$0
Mieko Perez	Board Member	2.00	Director	$0	$0	$0
Patricia Dixon	Executive Director	40.00	Officer	$154,872	$0	$154,872

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	No data	No data	No data	No data
2023	$979,868	$1,157,076	$2,539,568	$-177,208
2022	$1,250,992	$856,007	$2,733,862	$394,985
2021	$1,383,632	$763,398	$1,930,177	$620,234
2020	$802,643	$588,761	$1,307,970	$213,882
2019	$887,417	$650,708	$936,760	$236,709
2018	$662,602	$520,341	$699,182	$142,261

California Aquatic Therapy and Wellness Center Inc