Davis Aquatic Masters EIN 94-2412714 Form 990 (PDF) Claim this org

Davis Aquatic Masters

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Promotes community health and well-being through swimming fitness, competition, and education. For fiscal year 2025 it reported $410K in revenue, $416K in expenses, and $313K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Davis, CA
Website
www.damfast.org
Filings
6 on file (2020–2025)
Revenue
$410KFY2025
Expenses
$416K
Net assets
$313K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  94-2412714 Public charity (501(c)(3)) Davis, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes community health and well-being through swimming fitness, competition, and education.
Leadership
Matt Zachan · CEO · $100K
Money in and out
$410K revenue, $416K expenses
Bottom line
90% program efficiency
Where the money goes · FY2025
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$416K
Pt IX · Ln 25
Net assets
$313K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs-0.3% vs prior filing year
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▲ +90% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$410K
FY2025▲ +15%
Expenses
$416K
FY2025▲ +2%
Total assets
$313K
FY2025▼ -2%
Total liabilities
$0
FY2025
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$416K
Pt IX · Ln 25
Net assets
$313K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$313K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDavis Aquatic Masters
EINHdr · item D94-2412714
Principal addressHdr · item CDavis, CA
WebsiteHdr · item Jwww.damfast.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N67)
Ruling yearIRS BMFOct 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$99,913Pt VII · Sec A
Finance Dir.
$19,602Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A

Matt Zachan’s $100K as CEO is at the 92nd percentile of top reported officer pay among 1018 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023
Matt Zachan$99,913
Sally Hamilton$19,602$13,680
Allan Crow$17,905

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $373K of program spending, described in the organization's own filed words · FY2025.
01

Founded in 1974, dam has grown into the largest single city aquatic masters swim team in the nation (526 members). Dam is the only local athletic program to meet the health and fitness needs of community members ranging in age from 18-93.DAM accomodates the needs of beginning, experienced, and competitive adult swimmers, those requiring…

$373Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$337K · 82%
Other revenue$51K · 12%
Contributions & grants$12K · 3%
Investment income$10K · 2%
Program service revenue82%$337K
Other revenue12%$51K
Contributions & grants3%$12K
Investment income2%$10K
Total revenueLn 12$410K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$373K
Management & general10%$43K
Total functional expensesLn 25$416K

Balance Sheet

Part X · end of year
CashLn 1$313K
Total assetsLn 16$313K
Total liabilitiesLn 26$0
Total net assetsLn 32$313K
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $313K · Operating expenses/yr $416K
9.0 months
Where the money goes
Program services
Program services $373K · Total expenses $416K
90%
Management & General
Management & general $43K · Total expenses $416K
10%
Fundraising
Fundraising $0 · Total expenses $416K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $48K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $12K · Total revenue $410K
3%
Government reliance
Government grants — · Total revenue $410K
Earned-income share
Program service revenue $337K · Total revenue $410K
82%
Investment reliance
Investment income $10K · Total revenue $410K
+2%
Program self-sufficiency
Program service revenue $337K · Total expenses $416K
81%
Growth & trend
Revenue growth (YoY)
This year $410K · Prior year $356K
+15%
Revenue CAGR
FY2020 $304K · FY2025 $410K
+6%
Net-asset trend (YoY)
End of year $313K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $410K · Expenses $416K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $313K
Net-asset ratio
Net assets $313K · Total assets $313K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $313K
0%
People & payroll
Highest Reported Total Compensation
Individual Matt Zachan · Reported title CEO · Highest reported compensation $100K · Total expenses $416K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $237K · Total expenses $416K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 15%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.4%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$85

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$410K revenue · viewing · ⤓ 990 PDF
FY2024$356K revenue · ⤓ 990 PDF
FY2023$379K revenue · ⤓ 990 PDF
FY2022$376K revenue · ⤓ 990 PDF
FY2021$364K revenue · ⤓ 990 PDF
FY2020$304K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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