Civic Intelligence

Huntgtn Y Chas Aquatic Team at Chas

EIN 36-4509570 • 501(c)3 • Charleston, WV

Profile

To promote and provide support for the sport of youth swimming

2300 Maccorkle Avenue SECharleston, WV 25304

www.hycat.org

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$39,726

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

25th percentile

-34%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

33rd percentile

-21%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$95,336

Down $49,949 (-34%) from 2017

Liabilities

Down

$2,040

Down $4,281 (-68%) from 2017

Net Assets

Down

$93,296

Down $45,668 (-33%) from 2017

Revenue

Down

$205,152

Down $53,483 (-21%) from 2017

Expenses

Down

$250,820

Down $5,141 (-2.0%) from 2017

Net Income

Down

-$45,668

Down $48,342 (-1808%) from 2017

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $127,271Liabilities 2011: $3,187Net Assets 2011: $124,0842011Assets 2013: $154,042Liabilities 2013: $3,874Net Assets 2013: $150,1682013Assets 2014: $119,740Liabilities 2014: $4,348Net Assets 2014: $115,3922014Assets 2015: $138,353Liabilities 2015: $9,058Net Assets 2015: $129,2952015Assets 2016: $138,953Liabilities 2016: $2,663Net Assets 2016: $136,2902016Assets 2017: $145,285Liabilities 2017: $6,321Net Assets 2017: $138,9642017Assets 2018: $95,336Liabilities 2018: $2,040Net Assets 2018: $93,2962018

Highlighted filing

2018

Assets$95,336
Liabilities$2,040
Net Assets$93,296

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $264,8812011Expenses 2013: $264,6302013Revenue 2014: $229,756Expenses 2014: $264,414Net Income 2014: -$34,6582014Revenue 2015: $281,608Expenses 2015: $267,705Net Income 2015: $13,9032015Revenue 2016: $234,112Expenses 2016: $226,706Net Income 2016: $7,4062016Revenue 2017: $258,635Expenses 2017: $255,961Net Income 2017: $2,6742017Revenue 2018: $205,152Expenses 2018: $250,820Net Income 2018: -$45,6682018

Highlighted filing

2018

Revenue$205,152
Expenses$250,820
Net Income-$45,668

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jan 14, 2019
Return Version
2017v2.2
Gross Receipts
$205,152
Mission and Program Overview

Mission

To promote and provide support for the sport of youth swimming

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$138,964$93,296▼ $45,668
Cash and Non-Interest-Bearing Accounts$31,799$56,878▲ $25,079
Other Notes and Loans Receivable, Net$35,000$35,000→ $0
Land, Buildings, and Equipment, Net$7,276$3,455▼ $3,821
Savings and Temporary Cash Investments$71,210$3▼ $71,207
Total Assets$145,285$95,336▼ $49,949
Liabilities
Accounts Payable and Accrued Expenses$6,321$2,040▼ $4,281
Total Liabilities$6,321$2,040▼ $4,281
Net Assets / Fund Balance
Total Net Assets Fund Balance$138,964$93,296▼ $45,668
Total Liabilities and Net Assets / Fund Balance$145,285$95,336▼ $49,949

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,455$97,005$100,460
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Greg OlsonProgram DirectorFT$39,726$39,726
Melissa McglothanAge Group CoachPT$18,117$18,117
Erin BallardLts SupervPT$14,422$14,422
Kristi WalterHead Coach Asst SrPT$14,049$14,049
Chris RogersSr CoachPT$12,013$12,013
Rob St JeanSenior CoachPT$8,614$8,614
Cindy HemsworthAge Asst Sr CoachPT$1,070$1,070

Board Members and Trustees

NameTitle
Barry MartinPresident
Kris CormanyVice President
Amy RidenourDirector
Gabi WalkerDirector
Melissa McglothenDirector
Melissa ThompsonDirector
Samantha HageboeckDirector
Kristi EdstromSecretary
Rebecca St JeanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,597
Program Service Revenue
$173,175
Investment Income
$21,975
Other Revenue
$405
All Other Contributions
$7,659
Change in Net Assets
$-45,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$130,260
Other Expenses$61,130
Grants and Similar Amounts Paid$18,200
Total Fundraising Expense$4,309
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$96,216$11,795-$108,011
Benefits to Members$41,230--$41,230
Occupancy$22,817$2,380-$25,197
Grants to Domestic Orgs$18,200--$18,200
Payroll Taxes$10,221$1,694-$11,915
Other Salaries and Wages$9,335--$9,335
All Other Expenses-$462$4,309$4,771
Travel$4,225--$4,225
Advertising$4,120--$4,120
Depreciation Depletion$3,445$376-$3,821
Insurance-$3,778-$3,778
Office Expenses$1,690$1,393-$3,083
Other Expenses$2,474$1,702-$2,474
Fees for Services Accounting-$1,500-$1,500
Other Employee Benefits$859$140-$999
Fees for Service Investment Mgmnt Fees-$140-$140
Total Functional Expenses$221,151$25,360$4,309$250,820
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ymca of Kanawha IncCharleston, WV-Coonskin Pool Feasibility Project-
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
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Rebecca st jean, board director, treasurer, is the spouse of rob st jean, senior coach. Rob st. Jean recived $ 16,671 of compensation for the fiscal year ended 8-31-18.melissa mcglothen, board director and age group coach, is the daughter of greg olsen, hycat director. Greg olsen received $ 39,726 of compensation for the fiscal year year ended 8-31-18. Melissa mcglothen received $ 18,117 of compensation for the same period.

Members or stockholder classes and rights Part VI line 6

According to the corporate articles, membership in the corporation is determined by family unit and for voting purposes, each unit isentitled to 2 votes. A family unit is defined as the swimmerand the parent(s), legal guardian(s) or the designated person(s).

Member election for additional members Part VI line 7A

According to the corporate articles, membership in the corporation is determined by family unit. For voting purposes, each unit is entitled to 2 votes.all members must abide by all rules, regulations, resolutions and by-laws of the corporation. There are 3 meetings of the membership held each yearwith the winter meeting designated as the annual meeting. Members elect regular members of the board of directors. Nominations shall be made by board of directors, but any member wishing to run for the board shall have his/her name place on the ballot by proper notification.subject to board approval, the president can appoint one at-large member, two non-hycat community members and two swimmer members to the board.

Governing body meeting documentation Part VI line 8A

Minutes of all meetings of the members and the board of directors are recorded.

Committee meeting documentation Part VI line 8B

Actions of committees and their findings are always presentedat the regular meetings of the board of directors. Thus at that point, the committee reports will be recorded in the minutes.

Form 990 governing body review Part VI line 11

The process for the organization to review the annual form 990 isfor the return to be presented at board meetings. All directorshave the oportunity to review the return at that time. Also the return is available for review by any member upon request.

CEO executive director top management comp Part VI line 15A

Every year the budget committee prepares the operating budget whichincludes setting the compensation for the executive director. This committee then recommends the budget to the board of directors for approval.

Other officer or key employee compensation Part VI line 15B

Every year the budget committee prepares the operating budget which includes setting the compensation for the staff of the organization. This committee then recommends the budget to the board ofdirectors for approval.

Governing documents etc available to public Part VI line 19

Governing documents, financial statements, form 990, etc. Are all available upon request.

Filing and Contact Details

Filer

Filer Name
Huntgtn Y Chas Aquatic Team at Chas
EIN
36-4509570
Address
2300 MACCORKLE AVENUE SE, CHARLESTON, WV 25304

Signing Officer

Name
Barry Martin
Title
President
Phone
3043574825
Signed
2019-01-14
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Wv
Voting Board Members
9
Independent Board Members
9
Employees
21
Volunteers
130

Preparer

Firm
Virginia C Slack CPA
Address
30 WINGFIELD LANE, Elkview, WV 25071
Preparer
Virginia C Slack CPA
Phone
3043427735
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IRS990/ProgramServiceRevenueGrp/Desc2SWIM MEETS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt145759
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IRS990/ProgSrvcAccomActy2Grp/Desc0TO SUPERVISE; ORGANIZE; CONDUCT; PROMOTE AND INSTRUCT A VARIETY OF LEARN-TO-SWIM AND WATER EXERCISE PROGRAMS.THROUGHOUT THE FISCAL YEAR ENDED 8-31-18, HYCAT CONDUCTED SWIMMING LESSONS FOR APPROXIMATELY 730 INDIVIDUALS. THE HYCAT PROGRAM SERVES INDIVIDUALS FROM A FOUR-COUNTY AREA THATCOMPRISES THE GREATER KANAWHA VALLEY OF WEST VIRGINIA.
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IRS990/ProgSrvcAccomActy3Grp/Desc0TO ORGANIZE AND CONDUCT SWIMMING COMPETITIONS AND CLINICS. DURING THE FISCAL YEAR ENDED 8-31-18, HYCAT CONDUCTEDSWIMMING COMPETITIONS THAT SERVED APPROXIMATELY 925 INDIVIDUALS, AGES 6 THROUGH 19. MEETS THAT WERE ORGANIZED FOR THE COMPETITIVE PROGRAM WERE HELD FROM SEPTEMBER THROUGH APRIL. TEAMSTHROUGHOUT WV AND SURROUNDING STATES ATTENDEDSUCH MEETS. IN JULY, A CITY MEET WAS CONDUCTED THATSERVED SUMMER LEAGUE POOLS LOCATED THROUGHOUT THEGREATER KANAWHA VALLEY. FROM NOVEMBER THROUGH JANUARY, 4 REGULAR SWIM MEETS WERE HELD FOR THE WV SECONDARY SCHOOL ACTIVITIES COMM. APPROX 7 WV HIGH SCHOOLS PARTICIPATED.
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IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12018-02-22
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