HORNET AGE GROUP SWIM CLUB
Mission Statement
Our Philosophy The Hornet Swim Club is based on the dual beliefs that in order to maximize long term athletic development 1) young athletes must be developed as a whole person and 2) training groups must provide systematic progression of increased expectation and involvement. Within this framework the Hornet coaches work to instill the foundations of a love for the water and swimming; the value of citizenship and teamwork; a love for the Hornets and their Hornet teammates; and strong technical skill acquisition. As swimmers develop emotionally and physically, the workloads they experience in and out of the water must increase in order to maximize future growth. This increase in physical demands as well as demands on their time outside of the pool will most often lead to psychological growth necessary for managing difficult and challenging experiences in the pool and in life. Through these tribulations, athletes learn the importance of relying on coaches, teammates, family and themselves to manage trying situations. Safe Sport It is with extreme importance that Hornet Swim Club Swim Club is committed to becoming a USA Swimming Safe Sport Recognized Club. Safe Sport recognition complements our club philosophy of Children First, Swimmers Second by demonstrating our commitment to creating a safe, healthy, and positive environment for all members. Training Groups Organization of the training groups is based on the understanding that young athletes need an engaging and fun environment, knowledgeable coaching and full family support in order to progress in a predictable manner. That being said, athletes progress in many different speeds and in many different areas; no two paths are alike. At each level of the Hornet Swim Club, the training group goals and objectives are specific and the coaches structure group training plans with the expectations and goals of each practice group in mind. Placement in a particular practice group is determined by several factors; an athlet
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
93.4% | 89.3% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.6% | 8.2% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.7 mo | 9.3 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.3% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
96.6% | 89.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
1.0% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.5% | 9.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-3.2% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $652K | $673K | $209K | 93.4% | 22 |
| 2023 | $646K | $604K | $230K | 91.3% | 19 |
| 2022 | $499K | $491K | $188K | 93.2% | 19 |
| 2021 | $415K | $339K | N/A | — | 13 |
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