Civic Intelligence

Memphis State Swimming Inc.

990 • Fiscal year 2015 • EIN 62-1409684

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 08, 2016

1000 Ridgeway Loop Rd No 200Memphis, TN 38120-4036

(901) 821-4371

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

14th percentile

-23%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

94th percentile

$56,875

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

15th percentile

-29%

Faster asset growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

18th percentile

-28%

Faster revenue growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$199,077

Down $81,674 (-29%) from 2014

Net Assets

Down

$199,077

Down $69,471 (-26%) from 2014

Liabilities

Down

$0

Down $12,203 (-100%) from 2014

Revenue

Down

$304,114

Down $116,246 (-28%) from 2014

Expenses

Down

$373,585

Down $26,892 (-6.7%) from 2014

Net Income

Down

-$69,471

Down $89,354 (-449%) from 2014

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $195,100Liabilities 2011: $16,256Net Assets 2011: $178,8442011Assets 2012: $228,974Liabilities 2012: $15,956Net Assets 2012: $213,0182012Assets 2013: $264,521Liabilities 2013: $15,856Net Assets 2013: $248,6652013Assets 2014: $280,751Liabilities 2014: $12,203Net Assets 2014: $268,5482014Assets 2015: $199,077Liabilities 2015: $0Net Assets 2015: $199,0772015Assets 2016: $168,076Liabilities 2016: $3,123Net Assets 2016: $164,9532016Assets 2017: $171,022Liabilities 2017: $4,165Net Assets 2017: $166,8572017Assets 2018: $145,713Liabilities 2018: $23,868Net Assets 2018: $121,8452018Assets 2019: $143,626Liabilities 2019: $6,365Net Assets 2019: $137,2612019Assets 2020: $236,523Liabilities 2020: $133,424Net Assets 2020: $103,0992020Assets 2021: $259,395Liabilities 2021: $173,966Net Assets 2021: $85,4292021Assets 2022: $86,049Liabilities 2022: $0Net Assets 2022: $86,0492022Assets 2023: $42,508Liabilities 2023: $12,729Net Assets 2023: $29,7792023Assets 2024: $101,700Liabilities 2024: $1,774Net Assets 2024: $99,9262024Assets 2025: $158,115Liabilities 2025: $9,476Net Assets 2025: $148,6392025

Highlighted filing

2015

Assets$199,077
Liabilities$0
Net Assets$199,077

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $318,9152011Expenses 2012: $363,9292012Expenses 2013: $336,5422013Revenue 2014: $420,360Expenses 2014: $400,477Net Income 2014: $19,8832014Revenue 2015: $304,114Expenses 2015: $373,585Net Income 2015: -$69,4712015Revenue 2016: $336,232Expenses 2016: $370,356Net Income 2016: -$34,1242016Revenue 2017: $339,179Expenses 2017: $337,275Net Income 2017: $1,9042017Revenue 2018: $315,293Expenses 2018: $360,305Net Income 2018: -$45,0122018Revenue 2019: $354,763Expenses 2019: $339,347Net Income 2019: $15,4162019Revenue 2020: $283,637Expenses 2020: $317,799Net Income 2020: -$34,1622020Revenue 2021: $240,982Expenses 2021: $258,652Net Income 2021: -$17,6702021Revenue 2022: $7,520Expenses 2022: $6,900Net Income 2022: $6202022Revenue 2023: $248,239Expenses 2023: $304,509Net Income 2023: -$56,2702023Revenue 2024: $436,548Expenses 2024: $366,401Net Income 2024: $70,1472024Revenue 2025: $441,550Expenses 2025: $392,837Net Income 2025: $48,7132025

Highlighted filing

2015

Revenue$304,114
Expenses$373,585
Net Income-$69,471
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$307,456
Mission and Program Overview

Mission

Memphis tiger swimming promotes an inclusive environment for swimmers of all abilities to develop to their fullest potential; as swimmers, teammates and wellrounded members of society. In so doing this program served 133 swimmers under the age of 12 either through a seasonal or year-round program. Another 76 swimmers over the age of 12 utilized the program in the same manners. For the current fiscal year, the charity was displaced from its pool, the swimmers paid dues to the ymca and swam in their pools, starting in 2022, mts began receiving dues from the swimmers and again incurring expenses.

To promote the sport of swimming and to provide training, instruction, and support for those interested in competing in swimming meets across the usa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$268,548$199,077▼ $69,471
Savings and Temporary Cash Investments$108,378$108,407▲ $29
Cash and Non-Interest-Bearing Accounts$159,310$89,150▼ $70,160
Accounts Receivable$4,946--
Prepaid Expenses and Deferred Charges$4,800--
Land, Buildings, and Equipment, Net$3,317$1,520▼ $1,797
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$280,751$199,077▼ $81,674
Liabilities
Other Liabilities$12,119$0▼ $12,119
Accounts Payable and Accrued Expenses$84--
Total Liabilities$12,203$0▼ $12,203
Net Assets / Fund Balance
Total Net Assets Fund Balance$268,548$199,077▼ $69,471
Total Liabilities and Net Assets / Fund Balance$280,751$199,077▼ $81,674

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,520$147,769$149,289
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ben DavisHead CoachFT$56,875$56,875

Board Members and Trustees

NameTitle
Anthony NorrisPresident
Eric EppersonDirector
Ginger SteinerDirector
Jim WhelanDirector
Leonard MckinnonDirector
Lori PattersonDirector
Richard NicholDirector
Ed AutrySecretary
Trey QuonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,043
Program Service Revenue
$282,408
Investment Income
$31
Other Revenue
$5,632
All Other Contributions
$16,043
Change in Net Assets
$-69,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$210,392
Other Expenses$163,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$168,503--$168,503
Occupancy$42,600--$42,600
Other Employee Benefits$28,992--$28,992
Office Expenses$13,920$9,028-$22,948
Travel$16,990--$16,990
Payroll Taxes$12,897--$12,897
Conferences and Meetings$5,639--$5,639
Advertising-$5,383-$5,383
Other Expenses$5,059$5,217-$5,059
Insurance$2,070--$2,070
Depreciation Depletion$1,798--$1,798
Fees for Services Accounting-$1,619-$1,619
Total Functional Expenses$352,338$21,247$0$373,585
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,779
Fundraising Direct Expenses$3,342
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11

The treasurer reviews the return before signing and filing.

Form 990, Part VI, Section C, Line 19

Documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Memphis State Swimming Inc
EIN
62-1409684
Phone
9018214371
Address
1000 RIDGEWAY LOOP RD NO 200, MEMPHIS, TN 38120-4036

Signing Officer

Name
Trey Quon
Title
Treasurer
Phone
9018214371
Signed
2016-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trey Quon
Formed
1989
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Cbiz Mhm LLC
Address
5100 POPLAR AVENUE THIRTIETH FLOOR, MEMPHIS, TN 38137
Preparer
Mark E Grochau
Phone
9016855575
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROVIDE FUNDING FOR ATTENDANCE AT OUT OF TOWN MEETS AND TO SUPPLEMENT THE PAY OF THE SWIMMING COACHES AT THE UNIVERSITY OF MEMPHIS.
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt047
IRS990/PYOtherExpensesAmt0202841
IRS990/PYOtherRevenueAmt012259
IRS990/PYProgramServiceRevenueAmt0384614
IRS990/PYRevenuesLessExpensesAmt019883
IRS990/PYSalariesCompEmpBnftPaidAmt0197636
IRS990/PYTotalExpensesAmt0400477
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0420360
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-69471
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0268548
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0199077
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0108378
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0108407
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0268269
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0354697
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0357266
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0303665
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0213949
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01497846
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt063
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0186
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0252
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0579
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt030182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt069070
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt019753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt094254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0129468
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0342727
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt063
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0186
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0252
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0579
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt01840573
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0298451
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0423767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0377019
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0397919
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0343417
IRS990ScheduleA/Total509Grp/TotalAmt01840573
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0298482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0423814
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0377082
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0398105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0343669
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01841152
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01520
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0147769
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0149289
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01520
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS THE RETURN BEFORE SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0280751
IRS990/TotalAssetsEOYAmt0199077
IRS990/TotalAssetsGrp/BOYAmt0280751
IRS990/TotalAssetsGrp/EOYAmt0199077
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt016043
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021247
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0352338
IRS990/TotalFunctionalExpensesGrp/TotalAmt0373585
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012203
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt012203
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0268548
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0199077
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0352338
IRS990/TotalProgramServiceRevenueAmt0282408
IRS990/TotalReportableCompFromOrgAmt056875
IRS990/TotalRevenueGrp/ExclusionAmt02468
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0285603
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0304114
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0280751
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0199077
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt016990
IRS990/TravelGrp/TotalAmt016990
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01000 RIDGEWAY LOOP RD NO 200
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd0381204036
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MEMPHISTIGERSWIMMING.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TREY QUON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09018214371
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMPHIS STATE SWIMMING INC
ReturnHeader/Filer/BusinessNameControlTxt0MEMP
ReturnHeader/Filer/EIN0621409684
ReturnHeader/Filer/PhoneNum09018214371

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.09$1.49$4.42$3.93$0.49
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.02$1.00$4.37$3.66$0.70
2023Detailed filing. Detailed filing data is available for this year.$0.43$0.13$0.30$2.48$3.05$0.56
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.08$0.07$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$1.74$0.85$2.41$2.59$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.37$1.33$1.03$2.84$3.18$0.34
2019Detailed filing. Detailed filing data is available for this year.$1.44$0.06$1.37$3.55$3.39$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.24$1.22$3.15$3.60$0.45
2017Detailed filing. Detailed filing data is available for this year.$1.71$0.04$1.67$3.39$3.37$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.68$0.03$1.65$3.36$3.70$0.34
2015Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$3.04$3.74$0.69
2014Detailed filing. Detailed filing data is available for this year.$2.81$0.12$2.69$4.20$4.00$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.16$2.49$3.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.16$2.13$3.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.16$1.79$3.19