Civic Intelligence

USA Artistic Swimming

EIN 31-0994560 • 501(c)3 • Colorado Springs, CO

Profile

Appointed as the governing body by the us olympic committee, our mission is "to provide leadership and resources for the promotion and growth of synchronized swimming, to achieve competitive excellence at all levels and to develop broad based participation."

1 Olympic PlazaColorado Springs, CO 80909

www.usasynchro.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.28x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$174,411

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

84th percentile

29%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

12%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$902,971

Up $201,217 (+29%) from 2023

Liabilities

Down

$839,077

Down $177,378 (-17%) from 2023

Net Assets

Up

$63,894

Up $378,595 (+120%) from 2023

Revenue

Up

$2,996,852

Up $315,215 (+12%) from 2023

Expenses

Down

$2,622,358

Down $426,634 (-14%) from 2023

Net Income

Up

$374,494

Up $741,849 (+202%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2012: $509,388Liabilities 2012: $435,740Net Assets 2012: $73,6482012Assets 2013: $528,742Liabilities 2013: $394,093Net Assets 2013: $134,6492013Assets 2014: $547,340Liabilities 2014: $380,439Net Assets 2014: $166,9012014Assets 2015: $743,911Liabilities 2015: $393,468Net Assets 2015: $350,4432015Assets 2016: $677,126Liabilities 2016: $384,456Net Assets 2016: $292,6702016Assets 2017: $803,511Liabilities 2017: $451,794Net Assets 2017: $351,7172017Assets 2018: $824,582Liabilities 2018: $362,142Net Assets 2018: $462,4402018Assets 2019: $767,815Liabilities 2019: $356,595Net Assets 2019: $411,2202019Assets 2021: $536,924Liabilities 2021: $532,770Net Assets 2021: $4,1542021Assets 2022: $701,276Liabilities 2022: $700,209Net Assets 2022: $1,0672022Assets 2023: $701,754Liabilities 2023: $1,016,455Net Assets 2023: -$314,7012023Assets 2024: $902,971Liabilities 2024: $839,077Net Assets 2024: $63,8942024

Highlighted filing

2024

Assets$902,971
Liabilities$839,077
Net Assets$63,894

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,437,7712012Revenue 2013: $1,410,518Expenses 2013: $1,337,508Net Income 2013: $73,0102013Revenue 2014: $1,525,884Expenses 2014: $1,493,632Net Income 2014: $32,2522014Revenue 2015: $1,834,337Expenses 2015: $1,641,328Net Income 2015: $193,0092015Revenue 2016: $1,754,142Expenses 2016: $1,818,664Net Income 2016: -$64,5222016Revenue 2017: $1,931,230Expenses 2017: $1,877,245Net Income 2017: $53,9852017Revenue 2018: $1,703,872Expenses 2018: $1,572,803Net Income 2018: $131,0692018Revenue 2019: $1,651,151Expenses 2019: $1,737,463Net Income 2019: -$86,3122019Revenue 2021: $1,731,861Expenses 2021: $2,011,984Net Income 2021: -$280,1232021Revenue 2022: $2,654,731Expenses 2022: $2,832,526Net Income 2022: -$177,7952022Revenue 2023: $2,681,637Expenses 2023: $3,048,992Net Income 2023: -$367,3552023Revenue 2024: $2,996,852Expenses 2024: $2,622,358Net Income 2024: $374,4942024

Highlighted filing

2024

Revenue$2,996,852
Expenses$2,622,358
Net Income$374,494

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.84$0.06$3.00$2.62$0.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$1.02$0.31$2.68$3.05$0.37
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.70$0.00$2.65$2.83$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.53$0.00$1.73$2.01$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.36$0.41$1.65$1.74$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.36$0.46$1.70$1.57$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.45$0.35$1.93$1.88$0.05
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.38$0.29$1.75$1.82$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.39$0.35$1.83$1.64$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.55$0.38$0.17$1.53$1.49$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.53$0.39$0.13$1.41$1.34$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.44$0.07$1.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 12, 2025
Return Version
2024v5.0
Gross Receipts
$2,996,852
Mission and Program Overview

Mission

Appointed as the governing body by the us olympic committee, our mission is to provide leadership and resources for the promotion and growth of synchronized swimming and to achieve competitive excellence at all levels and to develop broad based participation.

Appointed as the governing body by the us olympic committee, our mission is to provide leadership and resources for the promotion growth of synchronized swimming and to achieve competitive excellence at all levels and to develop broad based participation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$567,290$815,029▲ $247,739
Accounts Receivable$5,869$35,111▲ $29,242
Prepaid Expenses and Deferred Charges$82,511$32,796▼ $49,715
Land, Buildings, and Equipment, Net$7,826$11,351▲ $3,525
Cash and Non-Interest-Bearing Accounts$37,758$8,184▼ $29,574
Total Assets$701,754$902,971▲ $201,217
Other Assets Total$500$500→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$300,000$292,700▼ $7,300
Deferred Revenue$238,728$211,559▼ $27,169
Unsecured Notes Loans Payable$219,474$180,036▼ $39,438
Accounts Payable and Accrued Expenses$258,253$154,782▼ $103,471
Total Liabilities$1,016,455$839,077▼ $177,378
Net Assets / Fund Balance
Net Assets With Donor Restrictions$545,738$816,029▲ $270,291
Net Assets Without Donor Restrictions$-860,439$-752,135▲ $108,304
Total Net Assets Fund Balance$-314,701$63,894▲ $378,595
Total Liabilities and Net Assets / Fund Balance$701,754$902,971▲ $201,217

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,351$25,454$36,805
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam AndraskoCEOFT$147,520$26,891$174,411

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,303,976
Program Service Revenue
$1,631,353
Investment Income
$0
Other Revenue
$61,523
All Other Contributions
$443,855
Change in Net Assets
$374,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,769,919
Salaries, Compensation, and Employee Benefits$852,439
Total Fundraising Expense$6,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$576,449$12,607$352$589,408
Other Salaries and Wages$68,702$486,417-$555,119
Occupancy$194,632$3,265-$197,897
Fees for Services Other$159,554$11,275-$170,829
Current Officers, Directors, Trustees, and Key Employees$44,256$103,264-$147,520
Other Employee Benefits$11,186$85,063-$96,249
Payroll Taxes$8,520$45,031-$53,551
Fees for Services Legal$5,000$39,688-$44,688
Fees for Services Accounting-$41,142-$41,142
Office Expenses$35,008$1,727-$36,735
Interest-$22,362-$22,362
Insurance-$16,022-$16,022
Information Technology$792$10,018-$10,810
Depreciation Depletion-$2,986-$2,986
Other Expenses$12$1,738$6,484$1,750
All Other Expenses-$1,349-$1,349
Total Functional Expenses$1,727,494$888,028$6,836$2,622,358
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
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

There are two classes of members. Group members include club and business membership classes. Club members are synchronized swimming clubs, educational institutions or other organizations that participate in competition. Athlete members include individuals that join in order to participate in events. Non-athlete members include professional and friends of synchro classes. Professional members include coaches, judges, instructors, officials, and administrators participating in the conduct of synchronized swimming. Friends of synchro are individuals who wishes to support synchronized swimming and its programs.

Form 990, Page 6, Part VI, Line 7A

The board of governors is elected by the membership. They are then responsible for electing the 6 board members. The athlete executive committee is elected by athlete members. They are then responsible for electing 3 athlete board members.

Form 990, Page 6, Part VI, Line 7B

The board of governors is responsible for the voting approval of bylaw changes.

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

The form 990 is prepared by an independent accounting firm based on information provided by management. The return is then reviewed by the audit committee prior to filling with the irs.

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

All board members are required to sign an annual declaration of any conflicts of interest. Any conflicts brought to attention are then reviewed on a case by case basis. Conflicts are disclosed through a conflict of interest disclosure form. The relevant committee, team or group of members may determine whether the individual with the conflict needs to refrain from participation or decision-making, or what action is necessary to respond to the conflict of interest. If the relevant committee, team, or group of members be unable to decide on the proper reponse to the conflict of interest, or should the individual with the conflict of interest disagree with the response, the conflict of interest should be referred to the ethics committee. The ethics committee, after full consideration, will advise the board of directors as to the proper response to the conflict of interest. The board of directors will then make the final, binding determination as to the proper response to the conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The board president determines the compensation and a contract agreement is reviewed by the board of directors. Ngb (national governing bodies of olypmic and pan american sports) compensation surveys and comparable market data are used to determine compensation. The organization documented the deliberation and decision through contract documentation and meeting minutes.

Form 990, Page 6, Part VI, Line 15B

All other compensation is determined by the ceo and based on comparable ngb data. All salaries are reviewed by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public on its website upon request.

Filing and Contact Details

Filer

Filer Name
USA Artistic Swimming
EIN
31-0994560
Phone
7198664578
Address
1 OLYMPIC PLAZA, COLORADO SPRINGS, CO 80909

Signing Officer

Name
Adam Andrasko
Title
CEO
Phone
7198664578
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Andrasko
Formed
1980
Legal Domicile
Co
Voting Board Members
15
Independent Board Members
15
Employees
13
Volunteers
150

Preparer

Firm
Mountain West Advisors LLC
Address
PO BOX 630044, HIGHLANDS RANCH, CO 80163
Preparer
Erik D Ladewig CPA
Phone
7205155485
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Appointed as the governing body by the us olympic committee, our mission is to provide leadership and resources for the promotion growth of synchronized swimming and to achieve competitive excellence at all levels and to develop broad based participation.

Form 990, Part XI, Line 9

Donated in-kind asset 4,101

Raw XML AppendixShowing 400 of 642 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/CYContributionsGrantsAmt01303976
IRS990/CYGrantsAndSimilarPaidAmt00
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