CERRITOS AQUATIC 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

1958

Legal Domicile

Principal Officer

VICTOR FONG

Phone

7347307867

Tax Period

2023-10-01 to 2024-09-30

CERRITOS AQUATIC CLUB, founded in 1958, is a small nonprofit in the Recreation & Sports sector that reported $209K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION GOAL IS TO TRAIN YOUNG COMPETITIVE SWIMMERS WATER SAFETY, COMPETITIVE STROKE VARIATIONS, SWIM MEET RULES AND REGULATIONS, HEALTHY LIFETSYLE AND MUTUAL RESPECT.

Program Service Accomplishments

Program 1

Expenses: $118,570

THE ORGANIZATION HAS DEVELOPED AND TRAINED YOUNGTERS BETWEEN THE AGESOF 5 AND 18 TO SWIM COMPETITIVELY AND BECOME WATER SAFE AND LEARN A VARIETY OF COMPETITIVE STROKES. TRAINING PROVIDED BY USA...

THE ORGANIZATION HAS DEVELOPED AND TRAINED YOUNGTERS BETWEEN THE AGESOF 5 AND 18 TO SWIM COMPETITIVELY AND BECOME WATER SAFE AND LEARN A VARIETY OF COMPETITIVE STROKES. TRAINING PROVIDED BY USA SWIMMING CERTIFIED COACHING STAFF. RENTING AN AQUATIC CENTER FOR OUR SEVERAL OZEN MEMBERS TO TRAIN AND IMPROVE THEIR SWIMMING SKILLS.

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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 $32,821

Program Service Revenue $176,457

Investment Income $0

Other Revenue $0

TOTAL REVENUE $209,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,057

Fundraising Expenses $0

Program Expenses $118,570

Other Expenses $19,944

TOTAL EXPENSES $213,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,278	$179,925	+0.2%
Expenses	$213,066	$179,803	+0.2%
Net Income	$-3,788	$122	-32.0%

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

N/A

Employees

Volunteers

116

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
VICTOR FONG	PRESIDENT	10.00	Officer	$0	$0	$0
JESSICA HO	SECRETARY	10.00	Officer	$0	$0	$0
HEMAL MEHTA	TREASURER	10.00	Officer	$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	No data	No data	No data	No data
2024	$209,278	$213,066	$64,914	$-3,788