Santa Barbara Swim Club

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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

1977

Legal Domicile

Phone

8059669757

Tax Period

2023-10-01 to 2024-09-30

Santa Barbara Swim Club, founded in 1977, is a small nonprofit that reported $633K in total revenue in fiscal year 2023.

Mission

Santa Barbara Swim Club is devoted to helping children learn to swim competitively. The club's teaching environment encourages character development and self-discipline necessary to succeed in the pool and in life outside the pool.

Program Service Accomplishments

Program 1

Expenses: $527,994 Revenue: $435,992

The club provided about 250 swimmers under age 18 with professional swim coaching during the year.

Program 2

Expenses: $97,565 Revenue: $147,843

The club hosts 2-4 swim meets a year which provide thousands of amateur swimmers with the chance to compete.

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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 $59,307

Program Service Revenue $583,835

Investment Income $6,119

Other Revenue $-15,765

TOTAL REVENUE $633,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,335

Fundraising Expenses $0

Program Expenses $625,559

Other Expenses $292,386

TOTAL EXPENSES $625,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$633,496	$646,347	0.0%
Expenses	$625,721	$671,880	-0.1%
Net Income	$7,775	$-25,533	-1.3%

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

150

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
Michael Bechtholdt	Head Coach	40.00		$105,450	$0	$105,450
Jennifer Hall	Fundraising	4.00	Director	$0	$0	$0
Gerry Tallman	President	3.00	Officer Director	$0	$0	$0
Colin Bell	Vice President	2.00	Officer Director	$0	$0	$0
Joe O'Flaherty	Treasurer	4.00	Officer Director	$0	$0	$0
Brooke Angel	Marketing/Commu	3.00	Director	$0	$0	$0
Erik Hansen	Secretary	2.00	Officer Director	$0	$0	$0
Tobin White	Tech/Equipment	2.00	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	$633,496	$625,721	$328,616	$7,775
2023	$646,347	$671,880	$313,009	$-25,533
2022	$585,596	$575,408	$338,501	$10,188
2021	$356,802	$335,919	$354,135	$20,883
2020	$413,031	$455,663	$265,131	$-42,632
2019	$563,384	$548,781	$252,287	$14,603
2018	$580,370	$577,847	$236,356	$2,523