USA Diving Inc
Nonprofit profile at a glance
- EIN
- 310986868
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-N 2014
- Location
- Indianapolis, IN, USA
- Phone
- 3172375252
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $4,552,957
- Expenses
- $4,343,422
- Assets
- $1,893,469
- Liabilities
- $570,595
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- LEE MICHAUD (PRESIDENT)
Highest reported compensation
- LEE MICHAUD (PRESIDENT): $254,313 total reported compensation
- LESLIE ADAMS (HIGH PERFORMANCE DIRECTOR): $143,689 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support u.s. Olympic and paralympic athletes in achieving sustained competitive excellence while demonstrating the values of the olympic movement, thereby inspiring all americans.
What it reported doing in 2024
Competition program expenses include costs incurred to train athletes, conduct domestic competitions and send teams to international competitions. Expenses include travel, contract labor, lodging and meals, and athlete training costs such as sports science.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 55
- Accountability: 95
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75%; rating input score 75
- Program expense ratio: 76.6%; rating input score 77
- Fundraising efficiency: $20.33 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.6%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 9.2%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 75% of revenue deployed · 76.6% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $3.3M in reported program spending
- Leadership: top reported pay $254K · 17 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $183K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 8 filed schedules · includes major donors, foreign activity, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.