Civic Intelligence

Radnor Aquatic Club Inc.

990 • Fiscal year 2017 • EIN 23-3053408

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 04, 2017

865 Box Hill LaneWayne, PA 19087

(610) 971-0320

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.07x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

26th percentile

-7.6%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

20th percentile

-20%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

55th percentile

4.4%

Faster revenue growth than 55% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$78,845

Down $19,686 (-20%) from 2016

Net Assets

Down

$73,594

Down $24,701 (-25%) from 2016

Liabilities

Up

$5,251

Up $5,015 (+2125%) from 2016

Revenue

Up

$325,265

Up $13,613 (+4.4%) from 2016

Expenses

Up

$349,966

Up $73,810 (+27%) from 2016

Net Income

Down

-$24,701

Down $60,197 (-170%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0-$50KAssets 2011: $27,930Liabilities 2011: $8,5732011Assets 2012: $35,417Liabilities 2012: $8,5732012Assets 2016: $98,531Liabilities 2016: $236Net Assets 2016: $98,2952016Assets 2017: $78,845Liabilities 2017: $5,251Net Assets 2017: $73,5942017Assets 2018: $61,726Liabilities 2018: $238Net Assets 2018: $61,4882018Assets 2021: $112,664Liabilities 2021: $36,608Net Assets 2021: $76,0562021Assets 2022: $73,422Liabilities 2022: $4,272Net Assets 2022: $69,1502022Assets 2023: $83,998Liabilities 2023: $1,585Net Assets 2023: $82,4132023Assets 2024: $128,941Liabilities 2024: -$34Net Assets 2024: $128,9752024Assets 2025: $136,822Liabilities 2025: $6,075Net Assets 2025: $130,7472025

Highlighted filing

2017

Assets$78,845
Liabilities$5,251
Net Assets$73,594

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $126,701Expenses 2011: $122,068Net Income 2011: $4,6332011Revenue 2012: $143,412Expenses 2012: $135,925Net Income 2012: $7,4872012Revenue 2016: $311,652Expenses 2016: $276,156Net Income 2016: $35,4962016Revenue 2017: $325,265Expenses 2017: $349,966Net Income 2017: -$24,7012017Revenue 2018: $366,018Expenses 2018: $384,471Net Income 2018: -$18,4532018Revenue 2021: $351,018Expenses 2021: $351,810Net Income 2021: -$7922021Revenue 2022: $357,963Expenses 2022: $364,758Net Income 2022: -$6,7952022Revenue 2023: $371,502Expenses 2023: $359,797Net Income 2023: $11,7052023Revenue 2024: $440,913Expenses 2024: $396,307Net Income 2024: $44,6062024Revenue 2025: $532,374Expenses 2025: $528,922Net Income 2025: $3,4522025

Highlighted filing

2017

Revenue$325,265
Expenses$349,966
Net Income-$24,701
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 4, 2017
Return Version
2016v3.0
Gross Receipts
$327,342
Mission and Program Overview

Mission

The Radnor Aquatic Club is a partnership of swimmers, parents and coaches whose main objective is to build a foundation and genuine positive attitude towards the sport of swimming on all levels ranging from the developmental swimmer to the national level swimmer.

The radnor aquatic club is a partnership of swimmers, parents and coaches whose main objective is to build a foundation and genuine positive attitude towards the sport of swimming on all levels ranging from the developmental swimmer to the national level swimmer. We strive to accomplish this through a structured organization with team spirit that is coupled with enthusiastic and knowledgeable coaches. At the developmental level, our central focus is having fun and making our swimmers technically sound by providing the foundation for each swimmer to improve. As we progress to the national level, technique is at the forefront of a training regimen that will prepare high school swimmers to enter college with an increased passion for the sport. Radnor aquatic club consists of both boys and girls swimming & diving teams. These teams participate as members of the suburban aquatic league (sal), which includes teams from delaware, montgomery, and bucks counties, pa (in suburban philadelphia).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$69,541$49,855▼ $19,686
Savings and Temporary Cash Investments$28,990$28,990→ $0
Total Assets$98,531$78,845▼ $19,686
Liabilities
Accounts Payable and Accrued Expenses$236$5,251▲ $5,015
Total Liabilities$236$5,251▲ $5,015
Net Assets / Fund Balance
Unrestricted Net Assets$98,295$73,594▼ $24,701
Total Net Assets Fund Balance$98,295$73,594▼ $24,701
Total Liabilities and Net Assets / Fund Balance$98,531$78,845▼ $19,686
Compensation and Service Providers

Board Members and Trustees

NameTitle
Susan MlodzienskiPresident
David TierneyBoard Member
David WilsonBoard Member
Megan HollenbachBoard Member
Todd KellermanBoard Member
Christi NeillySecretary
Stephen BevenourTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$214,869
Program Service Revenue
$112,299
Investment Income
$0
Other Revenue
$-1,903
Change in Net Assets
$-24,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$267,005
Salaries, Compensation, and Employee Benefits$82,961
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,145--$75,145
Occupancy$51,369--$51,369
Other Expenses$44,262$10,334-$44,262
Office Expenses$772$15,660-$16,432
Insurance$12,642$1,405-$14,047
Fees for Services Accounting-$8,529-$8,529
Payroll Taxes$7,816--$7,816
Travel$5,995$1,390-$7,385
Advertising-$575-$575
Fees for Services Other$343--$343
Total Functional Expenses$312,073$37,893$0$349,966
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

All board members are provided a copy and review the organization's form 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

All board members are aware of and do not vote on any action where there may be a conflict of interest.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public on request

Filing and Contact Details

Filer

Filer Name
Radnor Aquatic Clubinc
EIN
23-3053408
Phone
6109710320
Address
865 BOX HILL LANE, WAYNE, PA 19087

Signing Officer

Name
Stephen Bevenour
Title
Treasurer
Phone
6109710320
Signed
2017-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Mlodzienski
Formed
2000
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
25

Preparer

Firm
Gpcd Partners LLC
Address
1420 WALNUT ST STE 1012, PHILADELPHIA, PA 19102-4010
Preparer
John C Papandon Esq CPA Llm
Phone
2158549300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The radnor aquatic club is a partnership of swimmers, parents and coaches whose main objective is to build a foundation and genuine positive attitude towards the sport of swimming on all levels ranging from the developmental swimmer to the national level swimmer. We strive to accomplish this through a structured organization with team spirit that is coupled with enthusiastic and knowledgeable coaches. At the developmental level, our central focus is having fun and making our swimmers technically sound by providing the foundation for each swimmer to improve. As we progress to the national level, technique is at the forefront of a training regimen that will prepare high school swimmers to enter college with an increased passion for the sport. Radnor aquatic club consists of both boys and girls swimming & diving teams. These teams participate as members of the suburban aquatic league (sal), which includes teams from delaware, montgomery, and bucks counties, pa (in suburban philadelphia). Every varsity swimmer is also a registered swimmer with the united states swimming association. This provides opportunities for the swimmer to attend meets outside the suburban aquatic league. The club is open to all swimmers and divers, but consists primarily of swimmers/divers ages 6-18. Practices are scheduled weekday evenings and weekends. Meets are held primarily on weekends. Swimmers/divers compete according to age categories in meets: 8 and under, 10 and under, 12 and under, 14 and under, and 15 and over. Swimmers and divers practice in groups according to age and skill level: boys and girls practice together, but compete against separate boys and girls teams fielded by other clubs in the suburban aquatic league. Diving meets are coed, but the boys scores and girls scores are tallied separately. Radnor aquatic club supports the development of local high school swimming programs by creating a broad, well trained and accomplished pool of swimming talent that has shaped the competitive high school swimming programs in suburban philadelpia. The radnor aquatic club is run by a board of directors, all of which are parent volunteers.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RADNOR AQUATIC CLUB IS A PARTNERSHIP OF SWIMMERS, PARENTS AND COACHES WHOSE MAIN OBJECTIVE IS TO BUILD A FOUNDATION AND GENUINE POSITIVE ATTITUDE TOWARDS THE SPORT OF SWIMMING ON ALL LEVELS RANGING FROM THE DEVELOPMENTAL SWIMMER TO THE NATIONAL LEVEL SWIMMER. WE STRIVE TO ACCOMPLISH THIS THROUGH A STRUCTURED ORGANIZATION WITH TEAM SPIRIT THAT IS COUPLED WITH ENTHUSIASTIC AND KNOWLEDGEABLE COACHES. AT THE DEVELOPMENTAL LEVEL, OUR CENTRAL FOCUS IS HAVING FUN AND MAKING OUR SWIMMERS TECHNICALLY SOUND BY PROVIDING THE FOUNDATION FOR EACH SWIMMER TO IMPROVE. AS WE PROGRESS TO THE NATIONAL LEVEL, TECHNIQUE IS AT THE FOREFRONT OF A TRAINING REGIMEN THAT WILL PREPARE HIGH SCHOOL SWIMMERS TO ENTER COLLEGE WITH AN INCREASED PASSION FOR THE SPORT. RADNOR AQUATIC CLUB CONSISTS OF BOTH BOYS AND GIRLS SWIMMING & DIVING TEAMS. THESE TEAMS PARTICIPATE AS MEMBERS OF THE SUBURBAN AQUATIC LEAGUE (SAL), WHICH INCLUDES TEAMS FROM DELAWARE, MONTGOMERY, AND BUCKS COUNTIES, PA (IN SUBURBAN PHILADELPHIA). EVERY VARSITY SWIMMER IS ALSO A REGISTERED SWIMMER WITH THE UNITED STATES SWIMMING ASSOCIATION. THIS PROVIDES OPPORTUNITIES FOR THE SWIMMER TO ATTEND MEETS OUTSIDE THE SUBURBAN AQUATIC LEAGUE. THE CLUB IS OPEN TO ALL SWIMMERS AND DIVERS, BUT CONSISTS PRIMARILY OF SWIMMERS/DIVERS AGES 6-18. PRACTICES ARE SCHEDULED WEEKDAY EVENINGS AND WEEKENDS. MEETS ARE HELD PRIMARILY ON WEEKENDS. SWIMMERS/DIVERS COMPETE ACCORDING TO AGE CATEGORIES IN MEETS: 8 AND UNDER, 10 AND UNDER, 12 AND UNDER, 14 AND UNDER, AND 15 AND OVER. SWIMMERS AND DIVERS PRACTICE IN GROUPS ACCORDING TO AGE AND SKILL LEVEL: BOYS AND GIRLS PRACTICE TOGETHER, BUT COMPETE AGAINST SEPARATE BOYS AND GIRLS TEAMS FIELDED BY OTHER CLUBS IN THE SUBURBAN AQUATIC LEAGUE. DIVING MEETS ARE COED, BUT THE BOYS SCORES AND GIRLS SCORES ARE TALLIED SEPARATELY. RADNOR AQUATIC CLUB SUPPORTS THE DEVELOPMENT OF LOCAL HIGH SCHOOL SWIMMING PROGRAMS BY CREATING A BROAD, WELL TRAINED AND ACCOMPLISHED POOL OF SWIMMING TALENT THAT HAS SHAPED THE COMPETITIVE HIGH SCHOOL SWIMMING PROGRAMS IN SUBURBAN PHILADELPIA. THE RADNOR AQUATIC CLUB IS RUN BY A BOARD OF DIRECTORS, ALL OF WHICH ARE PARENT VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE PROVIDED A COPY AND REVIEW THE ORGANIZATION'S FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE AWARE OF AND DO NOT VOTE ON ANY ACTION WHERE THERE MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-22
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