Civic Intelligence

Swiminc Inc.

990 • Fiscal year 2021 • EIN 31-4400751

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 13, 2022

400 West Dublin Granville RoadWorthington, OH 43085

(614) 885-1619

Siviq Scores

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

Liabilities / Assets

66th percentile

0.18x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

69th percentile

26%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$68,787

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

97th percentile

196%

Faster asset growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

241%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$567,461

Up $375,989 (+196%) from 2020

Net Assets

Up

$465,457

Up $468,221 (+16940%) from 2020

Liabilities

Down

$102,004

Down $92,232 (-47%) from 2020

Revenue

Up

$1,821,491

Up $1,286,787 (+241%) from 2020

Expenses

Up

$1,353,270

Up $652,369 (+93%) from 2020

Net Income

Up

$468,221

Up $634,418 (+382%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2020: $191,472Liabilities 2020: $194,236Net Assets 2020: -$2,7642020Assets 2021: $567,461Liabilities 2021: $102,004Net Assets 2021: $465,4572021Assets 2022: $829,638Liabilities 2022: $100,774Net Assets 2022: $728,8642022Assets 2023: $815,100Liabilities 2023: $151,292Net Assets 2023: $663,8082023Assets 2024: $394,698Liabilities 2024: $94,211Net Assets 2024: $300,4872024Assets 2025: $234,760Liabilities 2025: $101,902Net Assets 2025: $132,8582025

Highlighted filing

2021

Assets$567,461
Liabilities$102,004
Net Assets$465,457

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2020: $534,704Expenses 2020: $700,901Net Income 2020: -$166,1972020Revenue 2021: $1,821,491Expenses 2021: $1,353,270Net Income 2021: $468,2212021Revenue 2022: $1,806,874Expenses 2022: $1,543,467Net Income 2022: $263,4072022Revenue 2023: $1,830,657Expenses 2023: $1,886,841Net Income 2023: -$56,1842023Revenue 2024: $1,540,779Expenses 2024: $1,904,100Net Income 2024: -$363,3212024Revenue 2025: $1,449,116Expenses 2025: $1,616,745Net Income 2025: -$167,6292025

Highlighted filing

2021

Revenue$1,821,491
Expenses$1,353,270
Net Income$468,221
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 13, 2022
Return Version
2020v4.0
Gross Receipts
$1,821,491
Mission and Program Overview

Mission

To provide swimming facilities to the community for instructional and recreational programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$-2,764$465,457▲ $468,221
Savings and Temporary Cash Investments$149,344$369,389▲ $220,045
Cash and Non-Interest-Bearing Accounts$31,711$160,408▲ $128,697
Prepaid Expenses and Deferred Charges$0$26,667▲ $26,667
Accounts Receivable$10,417$10,997▲ $580
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$191,472$567,461▲ $375,989
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$1,322$60,366▲ $59,044
Accounts Payable and Accrued Expenses$23,499$21,738▼ $1,761
Mortgage Notes Payable Secured by Investment Property$169,415$19,900▼ $149,515
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$194,236$102,004▼ $92,232
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,764$465,457▲ $468,221
Total Liabilities and Net Assets / Fund Balance$191,472$567,461▲ $375,989
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bernard VranckenHead Swim CoachFT$68,787$68,787
Lori AveGeneral ManagerFT$63,981$63,981

Board Members and Trustees

NameTitle
Mike KellerPresident
Tammy AmentVice President
Chris DuffyBoard Member
Debbie TschofenBoard Member
Doug SouthgateBoard Member
Heather LlewellynBoard Member
Jamie DeCarloBoard Member
Maria AndersenBoard Member
Mike WrightBoard Member
Rob VodinelicSecretary
Phil HeinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,170,528
Program Service Revenue
$650,918
Investment Income
$45
Other Revenue
$0
All Other Contributions
$7,193
Change in Net Assets
$468,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$722,397
Other Expenses$630,873
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$496,263$15,041$0$511,304
Current Officers, Directors, Trustees, and Key Employees$132,768$0$0$132,768
Occupancy$77,728$0$0$77,728
Payroll Taxes$49,557$1,179$0$50,736
Fees for Services Management$0$48,000$0$48,000
Other Employee Benefits$27,428$161$0$27,589
Other Expenses$16,005$0$0$16,005
All Other Expenses$12,820$2,564$0$15,384
Fees for Services Legal$0$8,638$0$8,638
Fees for Services Other$3,912$220$0$4,132
Office Expenses$0$3,567$0$3,567
Conferences and Meetings$0$1,683$0$1,683
Insurance$-4,498$-584$0$-5,082
Total Functional Expenses$1,272,801$80,469$0$1,353,270
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Management duties delegated
No

Governance Explanations

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

Form 990 and related tax forms are completed by Swiminc's Chief Financial Officer and e-filed. The tax forms are reviewed with the Board Treasurer and periodically reviewed by an outside auditor the following year.

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

Board Members, Managers and Head Swim Coach are given a copy of Swiminc's Conflict of Interest Policy. All must sign an annual statement attesting they have read Swiminc's policy and agree to comply.

Form 990, Part VI, Section B, Line 15

Swiminc's Board of Directors review the performance of the key employees of the organization towards the end of the calendar year. Appropriate wage increases are determined at that time and put into effect at the beginning of the following calendar year. A representative of the board will then meet with the individuals and provide the appropriate information.

Form 990, Part VI, Section C, Line 19

Governing documents, financial statements, and tax forms are held in the main pool office of Swiminc, Incorporated. They are available for review upon request.

Filing and Contact Details

Filer

Filer Name
Swiminc Inc
EIN
31-4400751
Phone
6148851619
Address
400 West Dublin Granville Road, Worthington, OH 43085
Doing Business As
Worthington Pools

Signing Officer

Name
Sherry Guzzo
Title
Chief Financial Officer
Phone
6148851619
Signed
2022-02-13

Organization Details

Principal Officer
Mike Keller
Formed
1953
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
0
Employees
112
Volunteers
0
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IRS990/Form990PartVIISectionAGrp/PersonNm11Tammy Ament
IRS990/Form990PartVIISectionAGrp/PersonNm12Mike Keller
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Head Swim Coach
IRS990/Form990PartVIISectionAGrp/TitleTxt1General Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt12President
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IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0715551
IRS990/GrantAmt0715551
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt01821491
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt00
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0-584
IRS990/InsuranceGrp/ProgramServicesAmt0-4498
IRS990/InsuranceGrp/TotalAmt0-5082
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt045
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt045
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0447784
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide swimming facilities to the community for instructional and recreational programs
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0169415
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019900
IRS990/NetAssetsOrFundBalancesBOYAmt0-2764
IRS990/NetAssetsOrFundBalancesEOYAmt0465457
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt077728
IRS990/OccupancyGrp/TotalAmt077728
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03567
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt03567
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0161
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt027428
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027589
IRS990/OtherExpensesGrp/Desc0Repair and Maintenance
IRS990/OtherExpensesGrp/Desc1Facility Improvements
IRS990/OtherExpensesGrp/Desc2Credit Card and Bank Charges
IRS990/OtherExpensesGrp/Desc3Teams and Lessons
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0100532
IRS990/OtherExpensesGrp/ProgramServicesAmt1331863
IRS990/OtherExpensesGrp/ProgramServicesAmt228423
IRS990/OtherExpensesGrp/ProgramServicesAmt316005
IRS990/OtherExpensesGrp/TotalAmt0100532
IRS990/OtherExpensesGrp/TotalAmt1331863
IRS990/OtherExpensesGrp/TotalAmt228423
IRS990/OtherExpensesGrp/TotalAmt316005
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015041
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0496263
IRS990/OtherSalariesAndWagesGrp/TotalAmt0511304
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00

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