Race Swami

What it reported doing in 2024

January race swami was selected as one of 12 USA swimming programs nationally (and the only program located in the intermountain region) for the community impact grant. The grant, meant to increase competitive opportunities within USA swimming as well as assist in programming to underserved communities, is renewable annually for up to three years. February several high school-aged swamis competed in their respective high school state championship meets (east high school, west high school, and cypress high school). March race swami qualified several swimmers to the age group state championships (south davis rec center). All swimmers who competed qualified for outreach athlete grants, made possible through USA swimming foundation. April race swami held its annual swami speaker series featuring prominent guest speakers from the west side neighborhoods of salt lake city. Speakers share their experiences, challenges and successes with the swamis, allowing the kids to gain perspective from those who grew up in these communities and share similarities like ethnicity, schools, and opportunities. May several swamis took advantage of race swami's tutoring program to improve grades and master their courses, including math, science, spanish, and writing. Four volunteers (three of whom are swami alums) spent more than 100 hours assisting student-athletes for the 2023-24 school year. June swami's learn-to-swim lessons program opened summer programming for the fourth consecutive year, serving more than 175 children. All sessions offered were filled to capacity. These lessons are offered free to the westside community, as nearly 100% of the children enrolled qualify for free/reduced lunch at local schools. Lessons-goers ranged in ages 2 to 13, with six varying levels of skill-based swimming lessons. The learn-to-swim lessons program is funded by the dahle family fund and mccarthey family foundation. 10 children graduated from the program and are currently developing skills in the "pre-swami" group. July race swami attended a travel meet to santa barbara, ca for the annual semana nautica swim festival held at the los baos aquatic center on the shores of santa barbara. The team raised nearly 10,000 for 14 months so that swami swimmers, ranging in ages 9 to 17, could attend this storied long course meet, which attracts teams from all over the west. Funds raised covered travel, meet fees, food and hotel accommodations. August race swami held it's annual swami summer book club for all participants, covering five books from black and latino/a authors on a range of topics related to social justice and cultural differences. This year there were three reading level groups (elementary students, middle school students, and high school students) and the groups met weekly at the granger pool after practice. Coupled with volunteer book club leaders, senior swami swimmers helped facilitate the book club meetings and discussions. Senior swimmers also served as in-water instructors for the learn-to-swim swimming lessons program after acquiring lifeguard certification through the american red cross. Race swami partnered with salt lake open water (slow) in offering a free open water swimming clinic at the jordanelle reservoir for all swamis ages 13 and older. Armored with 16 experienced swimmers from slow and another 15 volunteers including swami coaches, parents and corporate sponsors, the swamis enjoyed a day of learning the finer points of open water swimming competition. After the swimming portion of the clinic the entire crew was treated to rico brand burritos and side dishes. Race swami and slow plan to offer another clinic in june 2025 and prepare swami swimmers for their first open water competition. September head coach claire jackson was honored as one of 30 recipients by the american swimming coaches association (asca) for the annual "30 under 30" national award, recognizing the 30 most prominent up-and-coming swim coaches in the country. This award

Financial Efficiency

• Mission deployment rate: 58.6%; rating input score 59
• Program expense ratio: 84.5%; rating input score 84
• Fundraising efficiency: $18.35 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 2 of 8 controls in place; rating input score 25
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 30.6%; rating input score 83; 83rd percentile among comparable filings
• Total-asset coverage ratio: 0.65; rating input score 30; 30th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 34; 34th percentile among comparable filings
• Officer compensation ratio: 24.5%; rating input score 15; 15th percentile among comparable filings

Growth

• Program expense growth: -2.6% per year; rating input score 0; 22nd percentile among comparable filings
• Revenue growth: 3% per year; rating input score 100; 41st percentile among comparable filings
• Asset growth: 2.2% per year; rating input score 100; 34th percentile among comparable filings