USA Swimming Faces Membership Revenue Shortfall, Ballooning Operational Deficit for 2023 ...Middle East

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By Riley Overend on SwimSwam USA Swimming’s membership revenue this year is projected less by an estimated $926,000 (or 3.8%), according to the minutes from the latest Board of Directors meeting in September. The shortfall is contributing to an overall operational deficit of $1,731,587 — the national governing body’s largest since at least 2011. The Board had approved a budget deficit of $1,368,963 for this year, but USA Swimming is expected to exceed that figure by $362,624.  In their latest performance monitoring report, CEO Tim Hinchey and CFO Eric Skufca self-assessed “potential non-compliance” with the broadest financial policy provision due to the budget discrepancy.  Another policy pr

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