Iolani 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

2015

Legal Domicile

Principal Officer

David Harper

Phone

7274708684

Tax Period

2025-01-01 to 2025-12-31

Iolani Swim Club, founded in 2015, is a small nonprofit that reported $383K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $469K exceeded revenue, resulting in a 23% operating deficit.

Mission

The club provides instruction and nurturing of children interested in competitive swimming. For those with the abilities and qualifying times meets with other local clubs are held. Competitions and success are met with higher levels of competition on the state national and international level.

Program Service Accomplishments

Program 1

Expenses: $120,617 Revenue: $89,042

Learn to Swim SOME RELATED EXPENSES NOT ALLOCATED

Program 2

Expenses: $24,563 Revenue: $23,542

Meet Fees SOME EXPENSES NOT ALLOCATED

Program 3

Expenses: $75,819 Revenue: $21,325

Prep Swim SOME EXPENSES NOT ALLOCATED

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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 (2025)

Revenue Breakdown

Contributions & Grants $201,715

Program Service Revenue $177,084

Investment Income $0

Other Revenue $3,996

TOTAL REVENUE $382,795

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $150,082

Fundraising Expenses $0

Program Expenses $400,485

Other Expenses $317,848

TOTAL EXPENSES $469,430

Year-over-Year Comparison

	2025	2024	Change
Revenue	$382,795	$501,083	-0.2%
Expenses	$469,430	$467,090	+0.0%
Net Income	$-86,635	$33,993	-3.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Harper	President	1.00	Officer Director Key Emp	$0	$0	$0
Mike Stuart	Treasurer	1.00	Officer Director Key Emp	$0	$0	$0
Brandon Higa	Secretary	1.00	Officer Director Key Emp	$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	$382,795	$469,430	$67,937	$-86,635
2024	$501,083	$467,090	$154,572	$33,993
2023	$431,801	$409,105	$125,580	$22,696
2022	$331,685	$348,229	$102,884	$-16,544
2021	$236,181	$219,684	$119,528	$16,497