NEWPORT AQUATIC CENTER

EIN: 953699894 501(c)(3) Recreation & Sports

NEWPORT BEACH, CA

Total Revenue
$2,078,223
Total Expenses
$2,488,189
Total Assets
$1,514,734
Net Assets
$1,097,968
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Principal Officer
CHRIS BLANK
Phone
9496467725
Tax Period
2023-01-01 to 2023-12-31

NEWPORT AQUATIC CENTER, founded in 1982, is a community nonprofit in the Recreation & Sports sector that reported $2.1M in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

The Newport Aquatic Center (NAC) is an extraordinary community resource whose mission is to teach and inspire athletes of all ages, abilities and backgrounds by fostering a passion for Olympic style rowing, kayaking, canoeing and related marine activities. Through character building programs and world-class professional instruction, the NAC not only develops exceptional athletes, it creates a positive, influential path for young adults, a common destination for devoted enthusiasts and a teaching ground for environmental stewardship.

Program Service Accomplishments

Program 1
Expenses: $1,276,451 Revenue: $1,021,382

JR. ROWING Womens Varsity 8+ placed 3rd at Nationals, first medal in program history in that category Womens 2V 8+ placed 2nd at Nationals :Mens 2- were Nationals Champions Womens U17 4+ placed 3rd...

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JR. ROWING Womens Varsity 8+ placed 3rd at Nationals, first medal in program history in that category Womens 2V 8+ placed 2nd at Nationals :Mens 2- were Nationals Champions Womens U17 4+ placed 3rd at Nationals :14/14 Womens Team Seniors were recruited to Row Division 1 in College:Womens Team Won JV 8 at San Diego Crew Classic: Womens Youth Team Points Trophy at Southwest Regionals Womens U17 4+ placed 1st at Regionals :Womens Youth 8+ placed 2nd at Regionals : Womens Youth 3V placed 2nd at Regionals :Womens U17 8+ placed 3rd at Regionals Mens U17 8+ placed 14th at Nationals : Mens Youth 8+ placed 2nd at Regionals Mens U17 8+ placed 14th at Nationals : Mens Youth 8+ placed 2nd at Regionals

Program 2
Expenses: $132,141 Revenue: $148,841

OUTRIGGER NAC sent 6 paddlers to IVF World Distance Championships

Program 3
Expenses: $82,819 Revenue: $60,080

WOW

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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 $870,583
Program Service Revenue $1,092,503
Investment Income $5,313
Other Revenue $109,824
TOTAL REVENUE $2,078,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,323,888
Fundraising Expenses $0
Program Expenses $1,572,585
Other Expenses $1,164,301
TOTAL EXPENSES $2,488,189

Year-over-Year Comparison

2023 2022 Change
Revenue $2,078,223 $2,140,010 0.0%
Expenses $2,488,189 $2,242,396 +0.1%
Net Income $-409,966 $-102,386 +3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
80
Volunteers
9

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
5
$108,000
Total Directors
10
$108,000
Key Employees
1
$108,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG COLLINS DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM GRANT VICE PRESIDENT N/A
Officer Director
$0 $0 $0
MARGARET ELDER DIRECTOR 2.00
Director
$0 $0 $0
JAMES NETZER SECRETARY 2.00
Officer Director
$0 $0 $0
CHRIS BLANK PRESIDENT 2.00
Officer Director
$0 $0 $0
LINDA HAY DIRECTOR 2.00
Director
$0 $0 $0
DEBORAH COWLES DIRECTOR 2.00
Director
$0 $0 $0
KYLE ANDERSON TREASURER 2.00
Officer Director
$0 $0 $0
WILLIAM WHITFORD EXECUTIVE DIRECTOR 40.00
Officer Director Key Emp Highest
$108,000 $0 $108,000
RHONDA LONGMORE-GUND DIRECTOR 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 No data No data No data No data
2023 $2,078,223 $2,488,189 $1,514,734 $-409,966
2022 $2,140,010 $2,242,396 $1,844,976 $-102,386
2021 $2,283,685 $1,902,491 $1,854,816 $381,194
2020 $1,971,920 $1,875,887 $1,828,518 $96,033
2019 $2,065,566 $2,395,443 $1,779,273 $-329,877
2018 $2,315,495 $2,041,739 $1,877,702 $273,756
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