USA Swimming Lost $17M in Net Assets, Ran $10M Operational Deficit in 2022 ...Middle East

By Riley Overend on SwimSwam USA Swimming’s net assets plummeted in 2022 from $39,250,078 to $21,583,773 — a loss of $17,666,305, or 45% — according to a troubling tax return released last Wednesday. The majority of that decline came from $10 million in investment losses last year, of which $7.48 million remains “unrealized,” meaning it hasn’t been sold yet and the loss only exists on paper, for now. The drop in investment assets from $40.77 million to $30.02 million marked a reduction of 26%. By comparison, the S&P 500 was down about 18% in 2022, including the return from dividends. It is SwimSwam’s understanding that USA Swimming’s investment portfolio is managed by two outside investment

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