Klein Swim Academy Inc
Nonprofit profile at a glance
- EIN
- 464112757
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014
- Location
- Sarasota, FL, USA
- Phone
- 9419287946
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $550,395
- Expenses
- $593,190
- Assets
- $26,829
- Liabilities
- $6,477
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- IRA KLEIN (PRESIDENT)
Highest reported compensation
- IRA KLEIN (PRESIDENT): $85,500 total reported compensation
- LISA REPASSY (DIRECTOR): $47,200 total reported compensation
- CYNTHIA KLEIN (TREASURER): $18,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission at the sarasota swim academy is to help our community's children grow into happy, healthy, responsible adults by instilling confidence and building positive learning attitudes for life through the sport of swimming.
What it reported doing in 2024
Baby & methis is a pre-swimming class with parent participation parent and child (newborns 10 week - toddlers 36 months)work together with the coaches to learn skills including back floats, submersions (not forced) & rollover breathing, with introduction to strokes, through fun positive reinforcement, cues & lots of hugs and kisses, family environment with expert instruction. Learn the importance of "breath, balance & buoyancy"stroke team is a year round continuation of our learn to swim program & introduction to the tsunami swim team. Stroke team is designed to develop your child's swimming endurance, as well as, refining stroke technique. Even though your child may feel comfortable in a swimming pool environment, they need to develop muscle strength and lung capacity.what would happen if they fell out of a motor boat, sailboat, surfboard, kayak, tube on a river, paddle board? Fell off a dock, river bank, or caught up in a heavy surf? Could they swim to safety? Stroke team offered year round & is a non-competitive segue to the sport of swimming & the sarasota tsunami swim team. While your child is developing their swimming skills, they may decide that swimming is the sport they love. And we would love to have them be part of our team.tsunami swim teamstroke team our entry level group with swimmers usually graduating in from swim lessons. Each young swimmer should be able to go 25 yards freestyle with side breathing and be able to put their face in the water, backstroke, as well as swim in water over their heads. Doggy paddle is not a swim stroke. This group practices twice each week for one hour. Competition is not required, but we do offer local and very low key races.ages 5 - 8 years old blue team will be for swimmers 8 & younger who show they have advanced beyond stroke team. They will focus on learning all four strokes, turns, starts and how to read a pace clock and to do small swim and kick sets.silver team will be for swimmers 9 yrs. & younger who are ready to focus on being strong competitive swimmers. They will continue working on all the parts of blue team and include practicing swim and kick in all four strokes. Their swim sets will begin to be longer in duration but will not yet be in what most would consider 'hard core' training. This is a stepping stone to the junior teams.varsity team is for 9 yrs. & older generally beginning swimming for the first time. Focus will be on teaching all four strokes and kicks, turns and starts. Modest training to prepare to move into either silver or junior teams.junior team is for 8 - 12 yr. Olds, swimmers in this group are competitive, practice training all four strokes in both swimming and kicking. Previously this group was known as silver team. There will be two training groups at this level. One will be from 3:00 - 4:30 pm, the other will be from 5:00 - 6:30 pm. Both groups will do 'drylands' together each day. The earlier group is to both accommodate swimmers whose school day ends earlier as well as helping to alleviate crowding in our 5 - 6 time slot.junior 2 is for 9 - 13 yr. Olds, swimmers in this group are highly competitive, have a goal of successfully competing at flags and beyond and are committed to practicing 5 - 6 times a week and should include saturday practices.senior team is for swimmers 12 yrs. And older, though mainly focused on hs aged swimmers. They are expected to attend four or more practices each week, which should include saturday practice.senior elite team is for swimmers 12 yrs. And older, swimmers are committed to all practices each week. These swimmers are focused on scoring at the hs state level as well as competing at junior and senior nationals.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 90
- Accountability: 42
- Sustainability: 15
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.8%; rating input score 95
- Program expense ratio: 87.9%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 40%; rating input score 40; 10th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -7.8%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 25.4%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 8.9% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 8.1% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 94.8% of revenue deployed · 87.9% of spending went to programs
- Governance: 2 of 5 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $522K in reported program spending
- Leadership: top reported pay $86K · 5 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Independent voting board scored 40/100.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.