Civic Intelligence

Sonoran Desert Aquatics

990 • Fiscal year 2023 • EIN 26-3497648

Sep 01, 2022 to Aug 31, 2023 • Filed on May 21, 2024

Post Office Box 68486Oro Valley, AZ 85737

(520) 820-5744

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$77,717

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

45th percentile

2.0%

Faster asset growth than 45% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-10%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$291,094

Up $5,674 (+2.0%) from 2022

Net Assets

Up

$291,094

Up $16,894 (+6.2%) from 2022

Liabilities

Down

$0

Down $11,220 (-100%) from 2022

Revenue

Down

$651,367

Down $76,308 (-10%) from 2022

Expenses

Down

$644,754

Down $8,826 (-1.4%) from 2022

Net Income

Down

$6,613

Down $67,482 (-91%) from 2022

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $34,271Liabilities 2011: $587Net Assets 2011: $33,6842011Assets 2012: $28,319Liabilities 2012: $2,307Net Assets 2012: $26,0122012Assets 2013: $51,704Liabilities 2013: $2,806Net Assets 2013: $48,8982013Assets 2014: $100,380Liabilities 2014: $4,097Net Assets 2014: $96,2832014Assets 2015: $97,679Liabilities 2015: $5,308Net Assets 2015: $92,3712015Assets 2016: $143,312Liabilities 2016: $2,993Net Assets 2016: $140,3192016Assets 2017: $152,121Liabilities 2017: $0Net Assets 2017: $152,1212017Assets 2018: $163,136Liabilities 2018: $2,067Net Assets 2018: $161,0692018Assets 2019: $199,252Liabilities 2019: $1,528Net Assets 2019: $197,7242019Assets 2020: $156,091Liabilities 2020: $46,750Net Assets 2020: $109,3412020Assets 2021: $206,990Liabilities 2021: $17,871Net Assets 2021: $189,1192021Assets 2022: $285,420Liabilities 2022: $11,220Net Assets 2022: $274,2002022Assets 2023: $291,094Liabilities 2023: $0Net Assets 2023: $291,0942023Assets 2024: $272,156Liabilities 2024: $510Net Assets 2024: $271,6462024Assets 2025: $311,165Liabilities 2025: $17Net Assets 2025: $311,1482025

Highlighted filing

2023

Assets$291,094
Liabilities$0
Net Assets$291,094

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $188,1652011Expenses 2012: $175,8552012Expenses 2013: $161,1582013Revenue 2014: $284,701Expenses 2014: $237,316Net Income 2014: $47,3852014Revenue 2015: $257,806Expenses 2015: $261,718Net Income 2015: -$3,9122015Revenue 2016: $392,376Expenses 2016: $344,428Net Income 2016: $47,9482016Revenue 2017: $361,858Expenses 2017: $350,056Net Income 2017: $11,8022017Revenue 2018: $359,339Expenses 2018: $356,735Net Income 2018: $2,6042018Revenue 2019: $391,724Expenses 2019: $398,966Net Income 2019: -$7,2422019Revenue 2020: $412,643Expenses 2020: $475,745Net Income 2020: -$63,1022020Revenue 2021: $701,040Expenses 2021: $594,016Net Income 2021: $107,0242021Revenue 2022: $727,675Expenses 2022: $653,580Net Income 2022: $74,0952022Revenue 2023: $651,367Expenses 2023: $644,754Net Income 2023: $6,6132023Revenue 2024: $675,626Expenses 2024: $697,183Net Income 2024: -$21,5572024Revenue 2025: $754,652Expenses 2025: $718,364Net Income 2025: $36,2882025

Highlighted filing

2023

Revenue$651,367
Expenses$644,754
Net Income$6,613
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
May 21, 2024
Return Version
2022v5.0
Gross Receipts
$651,367
Mission and Program Overview

Mission

To provide aquatics programming for all ages and levels of swimmers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$274,200$291,094▲ $16,894
Cash and Non-Interest-Bearing Accounts$179,731$179,687▼ $44
Savings and Temporary Cash Investments$85,769$92,426▲ $6,657
Prepaid Expenses and Deferred Charges$19,920$18,981▼ $939
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$285,420$291,094▲ $5,674
Liabilities
Deferred Revenue$11,220$0▼ $11,220
Total Liabilities$11,220$0▼ $11,220
Net Assets / Fund Balance
Total Net Assets Fund Balance$274,200$291,094▲ $16,894
Total Liabilities and Net Assets / Fund Balance$285,420$291,094▲ $5,674
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matt BrauerCFO/COOFT$77,717$77,717
Tori GuttCoaches RepresentativeFT$50,273$50,273
Crystal MansellTreasurerPT$2,697$2,697

Board Members and Trustees

NameTitle
Bee SchlotecPresident as of November 2022
Jb YewellVice President
Bobby DavidsonMember-at-large
Kurt WeibelMember-at-large
Mike JankyMember-at-large
John KastnerMember-at-large Thru Novmber 2022
John JonesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$13,030
Program Service Revenue
$637,975
Investment Income
$362
Other Revenue
$0
All Other Contributions
$13,030
Change in Net Assets
$6,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$341,985
Other Expenses$302,769
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$178,904--$178,904
Current Officers, Directors, Trustees, and Key Employees$129,640$2,825-$132,465
Occupancy$98,963--$98,963
Payroll Taxes$25,903--$25,903
Office Expenses-$8,316-$8,316
Conferences and Meetings$4,763--$4,763
Other Employee Benefits$4,713--$4,713
Fees for Services Accounting-$4,240-$4,240
Insurance$2,439$1,585-$4,024
Advertising$989$1,291-$2,280
Other Expenses$1,737--$1,737
Information Technology$1,234--$1,234
Total Functional Expenses$626,497$18,257$0$644,754
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 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

As defined in the bylaws, a member shall be the family members (biological or custodial) of the swimmer who is enrolled in the organization's swim program and who is registered with usa swimming.

Form 990, Part VI, Section A, Line 7A

Each member, as defined in the bylaws, shall designate one adult family member representative to vote on its behalf. The board of directors shall be elected at the annual meeting of members. All member families must be current and in good standing with the organization to be entitled to vote.

Form 990, Part VI, Section A, Line 7B

A majority of the member representative present at any meeting of the organization shall constitute a quorum for the transaction of business. Unless otherwise stated in the bylaws, all matters shall be decided by the majority of members present at the meeting at which a quorum is present. There shall be one vote per member family, cast by the designated representative of the member family.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an independent cpa. A draft is provided to the board of directors for review and approval prior to filing.

Form 990, Part VI, Section B, Line 12C

Each director, principal officer, and member of a committee with governing board delegated power shall annually sign a statement which affirms such person: has received a copy of the conflicts of interest policy; has read and understands the policy; has agreed to comply with the policy; and understands the corporation is chartiable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax exempt purposes.

Form 990, Part VI, Section B, Line 15

The fast board prioritized coach recruitment and retention to fulfill its mission and vision of providing a nationally recognized swim club that supports swimmers of all levels. Fast head age group coach is also the head masters' coach, cfo, and coo; he develops national level swimmers and organizes and directs statewide swim meets at fast. Compensation was reviewed to reflect performance, experience, comparability data, and breadth of duties. Compensation is based primarily on a comprehensive comparability data survey of other arizona non-profit swim teams, with emphasis on teams that were most competitive with fast at the state and national level. The board of directors discussed and deliberated on compensation while considering comparability data and duties. The compensation package was approved unanimously by the board of directors. After reaching a decision, a rebuttable presumption checklist was prepared and agreed upon unanimously by the board of directors. Fast board voted unanimously to hire fast board treasurer as bookkeeper after consulting with professional nonprofit tax experts. Duties for treasurer versus bookkeeper were clearly divided, described and distributed to the board. Only time spent as bookkeeper is billed. Comparability data from bookkeeper's hourly wage for tucson, arizona and nation was used to determine initial hourly wage. Initial rate was below average. Fast board of directors unanimously voted on hourly wage increase seven months after hire for two reasons: (1) comparability data; (2) increase for all fast hourly employees based on market demands to help with employee retention.

Form 990, Part VI, Section C, Line 19

The organization makes its governing document and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sonoran Desert Aquatics
EIN
26-3497648
Phone
5208205744
Address
POST OFFICE BOX 68486, ORO VALLEY, AZ 85737
Doing Business As
Flying Fish Arizona Swim Team

Signing Officer

Name
Matt Brauer
Title
CFO
Phone
5208205744
Signed
2024-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bee Schlotec
Formed
2008
Legal Domicile
Az
Voting Board Members
7
Independent Board Members
6
Employees
24
Volunteers
150

Preparer

Firm
Beachfleischman Pllc
Address
1985 E RIVER ROAD SUITE 201, TUCSON, AZ 85718
Preparer
Kelly L Meltzer CPA
Phone
5203214600
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION:

The purpose of the club includes the following: *to provide an opportunity for all children eligible for membership to engage in a healthy, lifesaving, lifetime sport and recreational activity; *to promote physical fitness and good patterns of physical development and to encourage proper conditioning and health habits; *to provide opportunities for social, emotional, and educational development and to encourage peer and family participation; *to promote involvement in age group programs and provide an opportunity for members to compete in organized swimming competitions; and *to provide multi-level training regimines that allow individual athletes to achieve their desired goals, including the highest goals possible in the sport of amateur swimming. Sonoran desert aquatics dba flying fish of arizona swim team (fast), is a year-round competitive swim team that is dedicated to becoming a nationally recognized aquatics program serving swimmers at the highest levels of the sport, while also providing a home for individuals who are learning to swim or swimming for fitness. Fast aims to be the best swim program in southern arizona where "best" is defined as a community of happy swimmers who are accomplishing their personal goals. Fast seeks to help every swimmer reach their highest potential. The club's primary sources of revenue are fees, swim lessons, and swim meets.

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:

Sonoran desert aquatics offers three main programs: (1) a swim team for youth ages 4-19; (2) a masters swim program for adults ages 18 and up; (3) a swim lessons program for ages 3 to 12. (1) youth swim team: fast is an outdoor year-round competitive swim team that provides high quality, professional coaching and technique instruction for amateur swimmers of all abilities and economic backgrounds between the ages of 4 and 19. Supervised swim practice sessions are organized by age group and ability and are conducted monday through saturday at the oro valley municipal pools located at 23 west calle concordia and 10555 north la canada drive, oro valley, arizona. Swim practices prepare swimmers, through professional coaching, to compete in usa swimming sanctioned competitions at the rate of one to two swim meets per month. At supervised swim practices, coaching staff works with each swimmer on concepts such as confidence, concentration, motivation, attitude, composure, and goal setting. Additionally, some swimmers pay for private lessons from coaching staff to further improve their technique. Coaching staff also accompany swimmers to usa swimming sanctioned meets. Fast coaches organize and host meets in oro valley with the assistance of family participation by member volunteers. Fast cooperated with the town of oro valley, pima county, arizona swimming, and community volunteer medical professionals during covid-19 to ensure all necessary protocols were enacted and followed for health and public safety during the pandemic. These meets allowed the swimming community from all over the state of arizona, to safely share their love for a sport and compete together during a time of relative isolation otherwise. Many fast swimmers won arizona state titles, and a record number of personal bests were achieved by team members. Fast swimmers qualified for junior nationals and received division one college scholarships during this time period. (2) masters swim team: fast's masters program is for adults ages 18 and over. All practices are supervised by professional coaches. Fast masters swimmers are an extremely diverse group in terms of ability and skill level. Some senior swimmers suffer injury, arthritis, or other health conditions and seek to improve their fitness level. Many masters swimmers attend practice to compete in swim meets, open water competitions, and triathlons. All are welcome. (3) swim lessons program: fast offers outdoor, organized, high-quality small group swim lessons march through october for children ages 3-12. Group levels zero through four begin by teaching basic water safety and progress through learning all four strokes. Flying fish group is the most advanced swim lesson level and practices outdoors year-round. Flying fish builds endurance and introduces swimmers to the skills they will need to transition to a competitive swim team. Swim lessons are available monday through friday and are offered at the oro valley municipal pools located at 23 west calle concordia and 10555 n la canada drive, oro valley, arizona.

FORM 990, PART XI, LINE 9:

Accrual to cash adjustments 10,281.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE CLUB INCLUDES THE FOLLOWING: *TO PROVIDE AN OPPORTUNITY FOR ALL CHILDREN ELIGIBLE FOR MEMBERSHIP TO ENGAGE IN A HEALTHY, LIFESAVING, LIFETIME SPORT AND RECREATIONAL ACTIVITY; *TO PROMOTE PHYSICAL FITNESS AND GOOD PATTERNS OF PHYSICAL DEVELOPMENT AND TO ENCOURAGE PROPER CONDITIONING AND HEALTH HABITS; *TO PROVIDE OPPORTUNITIES FOR SOCIAL, EMOTIONAL, AND EDUCATIONAL DEVELOPMENT AND TO ENCOURAGE PEER AND FAMILY PARTICIPATION; *TO PROMOTE INVOLVEMENT IN AGE GROUP PROGRAMS AND PROVIDE AN OPPORTUNITY FOR MEMBERS TO COMPETE IN ORGANIZED SWIMMING COMPETITIONS; AND *TO PROVIDE MULTI-LEVEL TRAINING REGIMINES THAT ALLOW INDIVIDUAL ATHLETES TO ACHIEVE THEIR DESIRED GOALS, INCLUDING THE HIGHEST GOALS POSSIBLE IN THE SPORT OF AMATEUR SWIMMING. SONORAN DESERT AQUATICS DBA FLYING FISH OF ARIZONA SWIM TEAM (FAST), IS A YEAR-ROUND COMPETITIVE SWIM TEAM THAT IS DEDICATED TO BECOMING A NATIONALLY RECOGNIZED AQUATICS PROGRAM SERVING SWIMMERS AT THE HIGHEST LEVELS OF THE SPORT, WHILE ALSO PROVIDING A HOME FOR INDIVIDUALS WHO ARE LEARNING TO SWIM OR SWIMMING FOR FITNESS. FAST AIMS TO BE THE BEST SWIM PROGRAM IN SOUTHERN ARIZONA WHERE "BEST" IS DEFINED AS A COMMUNITY OF HAPPY SWIMMERS WHO ARE ACCOMPLISHING THEIR PERSONAL GOALS. FAST SEEKS TO HELP EVERY SWIMMER REACH THEIR HIGHEST POTENTIAL. THE CLUB'S PRIMARY SOURCES OF REVENUE ARE FEES, SWIM LESSONS, AND SWIM MEETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SONORAN DESERT AQUATICS OFFERS THREE MAIN PROGRAMS: (1) A SWIM TEAM FOR YOUTH AGES 4-19; (2) A MASTERS SWIM PROGRAM FOR ADULTS AGES 18 AND UP; (3) A SWIM LESSONS PROGRAM FOR AGES 3 TO 12. (1) YOUTH SWIM TEAM: FAST IS AN OUTDOOR YEAR-ROUND COMPETITIVE SWIM TEAM THAT PROVIDES HIGH QUALITY, PROFESSIONAL COACHING AND TECHNIQUE INSTRUCTION FOR AMATEUR SWIMMERS OF ALL ABILITIES AND ECONOMIC BACKGROUNDS BETWEEN THE AGES OF 4 AND 19. SUPERVISED SWIM PRACTICE SESSIONS ARE ORGANIZED BY AGE GROUP AND ABILITY AND ARE CONDUCTED MONDAY THROUGH SATURDAY AT THE ORO VALLEY MUNICIPAL POOLS LOCATED AT 23 WEST CALLE CONCORDIA AND 10555 NORTH LA CANADA DRIVE, ORO VALLEY, ARIZONA. SWIM PRACTICES PREPARE SWIMMERS, THROUGH PROFESSIONAL COACHING, TO COMPETE IN USA SWIMMING SANCTIONED COMPETITIONS AT THE RATE OF ONE TO TWO SWIM MEETS PER MONTH. AT SUPERVISED SWIM PRACTICES, COACHING STAFF WORKS WITH EACH SWIMMER ON CONCEPTS SUCH AS CONFIDENCE, CONCENTRATION, MOTIVATION, ATTITUDE, COMPOSURE, AND GOAL SETTING. ADDITIONALLY, SOME SWIMMERS PAY FOR PRIVATE LESSONS FROM COACHING STAFF TO FURTHER IMPROVE THEIR TECHNIQUE. COACHING STAFF ALSO ACCOMPANY SWIMMERS TO USA SWIMMING SANCTIONED MEETS. FAST COACHES ORGANIZE AND HOST MEETS IN ORO VALLEY WITH THE ASSISTANCE OF FAMILY PARTICIPATION BY MEMBER VOLUNTEERS. FAST COOPERATED WITH THE TOWN OF ORO VALLEY, PIMA COUNTY, ARIZONA SWIMMING, AND COMMUNITY VOLUNTEER MEDICAL PROFESSIONALS DURING COVID-19 TO ENSURE ALL NECESSARY PROTOCOLS WERE ENACTED AND FOLLOWED FOR HEALTH AND PUBLIC SAFETY DURING THE PANDEMIC. THESE MEETS ALLOWED THE SWIMMING COMMUNITY FROM ALL OVER THE STATE OF ARIZONA, TO SAFELY SHARE THEIR LOVE FOR A SPORT AND COMPETE TOGETHER DURING A TIME OF RELATIVE ISOLATION OTHERWISE. MANY FAST SWIMMERS WON ARIZONA STATE TITLES, AND A RECORD NUMBER OF PERSONAL BESTS WERE ACHIEVED BY TEAM MEMBERS. FAST SWIMMERS QUALIFIED FOR JUNIOR NATIONALS AND RECEIVED DIVISION ONE COLLEGE SCHOLARSHIPS DURING THIS TIME PERIOD. (2) MASTERS SWIM TEAM: FAST'S MASTERS PROGRAM IS FOR ADULTS AGES 18 AND OVER. ALL PRACTICES ARE SUPERVISED BY PROFESSIONAL COACHES. FAST MASTERS SWIMMERS ARE AN EXTREMELY DIVERSE GROUP IN TERMS OF ABILITY AND SKILL LEVEL. SOME SENIOR SWIMMERS SUFFER INJURY, ARTHRITIS, OR OTHER HEALTH CONDITIONS AND SEEK TO IMPROVE THEIR FITNESS LEVEL. MANY MASTERS SWIMMERS ATTEND PRACTICE TO COMPETE IN SWIM MEETS, OPEN WATER COMPETITIONS, AND TRIATHLONS. ALL ARE WELCOME. (3) SWIM LESSONS PROGRAM: FAST OFFERS OUTDOOR, ORGANIZED, HIGH-QUALITY SMALL GROUP SWIM LESSONS MARCH THROUGH OCTOBER FOR CHILDREN AGES 3-12. GROUP LEVELS ZERO THROUGH FOUR BEGIN BY TEACHING BASIC WATER SAFETY AND PROGRESS THROUGH LEARNING ALL FOUR STROKES. FLYING FISH GROUP IS THE MOST ADVANCED SWIM LESSON LEVEL AND PRACTICES OUTDOORS YEAR-ROUND. FLYING FISH BUILDS ENDURANCE AND INTRODUCES SWIMMERS TO THE SKILLS THEY WILL NEED TO TRANSITION TO A COMPETITIVE SWIM TEAM. SWIM LESSONS ARE AVAILABLE MONDAY THROUGH FRIDAY AND ARE OFFERED AT THE ORO VALLEY MUNICIPAL POOLS LOCATED AT 23 WEST CALLE CONCORDIA AND 10555 N LA CANADA DRIVE, ORO VALLEY, ARIZONA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS DEFINED IN THE BYLAWS, A MEMBER SHALL BE THE FAMILY MEMBERS (BIOLOGICAL OR CUSTODIAL) OF THE SWIMMER WHO IS ENROLLED IN THE ORGANIZATION'S SWIM PROGRAM AND WHO IS REGISTERED WITH USA SWIMMING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH MEMBER, AS DEFINED IN THE BYLAWS, SHALL DESIGNATE ONE ADULT FAMILY MEMBER REPRESENTATIVE TO VOTE ON ITS BEHALF. THE BOARD OF DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING OF MEMBERS. ALL MEMBER FAMILIES MUST BE CURRENT AND IN GOOD STANDING WITH THE ORGANIZATION TO BE ENTITLED TO VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A MAJORITY OF THE MEMBER REPRESENTATIVE PRESENT AT ANY MEETING OF THE ORGANIZATION SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. UNLESS OTHERWISE STATED IN THE BYLAWS, ALL MATTERS SHALL BE DECIDED BY THE MAJORITY OF MEMBERS PRESENT AT THE MEETING AT WHICH A QUORUM IS PRESENT. THERE SHALL BE ONE VOTE PER MEMBER FAMILY, CAST BY THE DESIGNATED REPRESENTATIVE OF THE MEMBER FAMILY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS PREPARED BY AN INDEPENDENT CPA. A DRAFT IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; HAS READ AND UNDERSTANDS THE POLICY; HAS AGREED TO COMPLY WITH THE POLICY; AND UNDERSTANDS THE CORPORATION IS CHARTIABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FAST BOARD PRIORITIZED COACH RECRUITMENT AND RETENTION TO FULFILL ITS MISSION AND VISION OF PROVIDING A NATIONALLY RECOGNIZED SWIM CLUB THAT SUPPORTS SWIMMERS OF ALL LEVELS. FAST HEAD AGE GROUP COACH IS ALSO THE HEAD MASTERS' COACH, CFO, AND COO; HE DEVELOPS NATIONAL LEVEL SWIMMERS AND ORGANIZES AND DIRECTS STATEWIDE SWIM MEETS AT FAST. COMPENSATION WAS REVIEWED TO REFLECT PERFORMANCE, EXPERIENCE, COMPARABILITY DATA, AND BREADTH OF DUTIES. COMPENSATION IS BASED PRIMARILY ON A COMPREHENSIVE COMPARABILITY DATA SURVEY OF OTHER ARIZONA NON-PROFIT SWIM TEAMS, WITH EMPHASIS ON TEAMS THAT WERE MOST COMPETITIVE WITH FAST AT THE STATE AND NATIONAL LEVEL. THE BOARD OF DIRECTORS DISCUSSED AND DELIBERATED ON COMPENSATION WHILE CONSIDERING COMPARABILITY DATA AND DUTIES. THE COMPENSATION PACKAGE WAS APPROVED UNANIMOUSLY BY THE BOARD OF DIRECTORS. AFTER REACHING A DECISION, A REBUTTABLE PRESUMPTION CHECKLIST WAS PREPARED AND AGREED UPON UNANIMOUSLY BY THE BOARD OF DIRECTORS. FAST BOARD VOTED UNANIMOUSLY TO HIRE FAST BOARD TREASURER AS BOOKKEEPER AFTER CONSULTING WITH PROFESSIONAL NONPROFIT TAX EXPERTS. DUTIES FOR TREASURER VERSUS BOOKKEEPER WERE CLEARLY DIVIDED, DESCRIBED AND DISTRIBUTED TO THE BOARD. ONLY TIME SPENT AS BOOKKEEPER IS BILLED. COMPARABILITY DATA FROM BOOKKEEPER'S HOURLY WAGE FOR TUCSON, ARIZONA AND NATION WAS USED TO DETERMINE INITIAL HOURLY WAGE. INITIAL RATE WAS BELOW AVERAGE. FAST BOARD OF DIRECTORS UNANIMOUSLY VOTED ON HOURLY WAGE INCREASE SEVEN MONTHS AFTER HIRE FOR TWO REASONS: (1) COMPARABILITY DATA; (2) INCREASE FOR ALL FAST HOURLY EMPLOYEES BASED ON MARKET DEMANDS TO HELP WITH EMPLOYEE RETENTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MAKES ITS GOVERNING DOCUMENT AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ACCRUAL TO CASH ADJUSTMENTS 10,281.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$7.55$7.18$0.36
2024Detailed filing. Detailed filing data is available for this year.$2.72$0.01$2.72$6.76$6.97$0.22
2023Detailed filing. Detailed filing data is available for this year.$2.91$0.00$2.91$6.51$6.45$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.85$0.11$2.74$7.28$6.54$0.74
2021Detailed filing. Detailed filing data is available for this year.$2.07$0.18$1.89$7.01$5.94$1.07
2020Detailed filing. Detailed filing data is available for this year.$1.56$0.47$1.09$4.13$4.76$0.63
2019Detailed filing. Detailed filing data is available for this year.$1.99$0.02$1.98$3.92$3.99$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.63$0.02$1.61$3.59$3.57$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$3.62$3.50$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.43$0.03$1.40$3.92$3.44$0.48
2015Detailed filing. Detailed filing data is available for this year.$0.98$0.05$0.92$2.58$2.62$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.04$0.96$2.85$2.37$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.03$0.49$1.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.02$0.26$1.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.01$0.34$1.88