Civic Intelligence

Swiminc Inc.

990 • Fiscal year 2024 • EIN 31-4400751

Oct 01, 2023 to Sep 30, 2024 • Filed on Feb 15, 2025

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

71st percentile

0.24x

Higher debt load relative to assets than 71% of similar nonprofits.

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

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

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

Net Margin

12th percentile

-24%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

87th percentile

$174,959

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

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

Asset Growth

2nd percentile

-52%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

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

Assets

Down

$394,698

Down $420,402 (-52%) from 2023

Net Assets

Down

$300,487

Down $363,321 (-55%) from 2023

Liabilities

Down

$94,211

Down $57,081 (-38%) from 2023

Revenue

Down

$1,540,779

Down $289,878 (-16%) from 2023

Expenses

Up

$1,904,100

Up $17,259 (+0.9%) from 2023

Net Income

Down

-$363,321

Down $307,137 (-547%) from 2023

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

2024

Assets$394,698
Liabilities$94,211
Net Assets$300,487

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

2024

Revenue$1,540,779
Expenses$1,904,100
Net Income-$363,321
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,540,779
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$730,557$303,528▼ $427,029
Rtn Earn Endowment Incm Other Fnds$663,808$300,487▼ $363,321
Prepaid Expenses and Deferred Charges$40,509$56,019▲ $15,510
Cash and Non-Interest-Bearing Accounts$33,617$24,734▼ $8,883
Accounts Receivable$10,417$10,417→ $0
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
Land, Buildings, and Equipment, Net$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$815,100$394,698▼ $420,402
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$58,517$46,332▼ $12,185
Accounts Payable and Accrued Expenses$72,875$27,979▼ $44,896
Mortgage Notes Payable Secured by Investment Property$19,900$19,900→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$151,292$94,211▼ $57,081
Net Assets / Fund Balance
Total Net Assets Fund Balance$663,808$300,487▼ $363,321
Total Liabilities and Net Assets / Fund Balance$815,100$394,698▼ $420,402
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kurt CarmenExecutive DirectorFT$106,000$68,959$174,959

Board Members and Trustees

NameTitle
Maria Kalinke AndersenPresident
JohnAmentVice President
David MordohBoard Member
Emilie GreenwaldBoard Member
Glenn MoogBoard Member
Holly ClineBoard Member
Marilyn HeidBoard Member
Thomas BurnsBoard Member
Tim GehringBoard Member
Linda CrandallSecretary
Chris DuffyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$550,231
Program Service Revenue
$972,577
Investment Income
$17,971
Other Revenue
$0
All Other Contributions
$6,206
Change in Net Assets
$-363,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,392,371
Other Expenses$506,729
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,061,121$81,421$0$1,142,542
Occupancy$137,124$0$0$137,124
Current Officers, Directors, Trustees, and Key Employees$0$111,214$0$111,214
Payroll Taxes$97,249$11,018$0$108,267
Insurance$103,438$2,889$0$106,327
Other Employee Benefits$30,581$-233$0$30,348
Fees for Services Management$0$19,688$0$19,688
All Other Expenses$13,017$5,376$0$18,393
Fees for Services Legal$0$13,996$0$13,996
Fees for Services Accounting$0$8,497$0$8,497
Fees for Services Other$7,421$255$0$7,676
Conferences and Meetings$5,126$1,571$0$6,697
Other Expenses$6,425$0$0$6,425
Grants to Domestic Orgs$5,000--$5,000
Office Expenses$0$4,884$0$4,884
Travel$4,458$0$0$4,458
Advertising$0$1,700$0$1,700
Total Functional Expenses$1,641,824$262,276$0$1,904,100
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 next calendar year. A representative of the board or the Executive Director will 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
2025-02-15

Organization Details

Principal Officer
Maria Kalinke Andersen
Formed
1953
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
0
Employees
150
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 1

Swiminc contributed $5,000 to PAC 'Friends of Worthington' in support of a bond levy request, Issue 19, on the November 5, 2024 ballot. The Worthington voters approved the request, so the outdoor pool facility will be replaced after the 2025 summer season.

Form 990, Part IX, Line 7

Swiminc paid out a total of $56,000 to salaried employees earmarked as retirement contributions. Because the contributions were not invested in a retirement account, the additional funds were added to each employee's compensation.

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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt01540779
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/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02889
IRS990/InsuranceGrp/ProgramServicesAmt0103438
IRS990/InsuranceGrp/TotalAmt0106327
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/ExclusionAmt017971
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017971
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
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/MembershipDuesAmt0544025
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/BOYAmt019900
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019900
IRS990/NetAssetsOrFundBalancesBOYAmt0663808
IRS990/NetAssetsOrFundBalancesEOYAmt0300487
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/ProgramServicesAmt0137124
IRS990/OccupancyGrp/TotalAmt0137124
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04884
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt04884
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0-233
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030581
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030348
IRS990/OtherExpensesGrp/Desc0Repair and Maintenance
IRS990/OtherExpensesGrp/Desc1Credit Card and Bank Charges
IRS990/OtherExpensesGrp/Desc2Teams and Lessons
IRS990/OtherExpensesGrp/Desc3Social Activities
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/ProgramServicesAmt0105832
IRS990/OtherExpensesGrp/ProgramServicesAmt138411
IRS990/OtherExpensesGrp/ProgramServicesAmt226621
IRS990/OtherExpensesGrp/ProgramServicesAmt36425
IRS990/OtherExpensesGrp/TotalAmt0105832
IRS990/OtherExpensesGrp/TotalAmt138411
IRS990/OtherExpensesGrp/TotalAmt226621
IRS990/OtherExpensesGrp/TotalAmt36425
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt081421
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01061121
IRS990/OtherSalariesAndWagesGrp/TotalAmt01142542
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011018
IRS990/PayrollTaxesGrp/ProgramServicesAmt097249
IRS990/PayrollTaxesGrp/TotalAmt0108267
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00

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