USA Swimming Releases 2022 State of the Sport Report

phillips-66-usa-swimming-flags

USA Swimming and President and CEO Tim Hinchey released its annual State of the Sport report for 2022 on Wednesday.

“I am humbled by the resilience of our athletes, coaches, volunteers and staff and USA Swimming as we celebrate a complete return to operations, competitions, and impressive membership numbers two years after the start of an unprecedented global pandemic,” Hinchey said.

Hinchey discusses the audit that the U.S. Olympic & Paralympic audit of all sports’ national governing bodies, which was based on athlete protection and rights, governance and compliance, financial standards and reporting, sports performance and operational performance, according to the report.

Read the full report here

“USA Swimming scored highest in compliance across all categories for all NGBs,” Hinchey said. “We aren’t just best in medal counts, we also take seriously our commitment to athletes, performance, operations and of course, financials. Sometimes the competition extends beyond the pool, and in this case our staff and volunteers worked relentlessly to ensure we score highest in transparency and excellence in operations.”

According to the report, membership accounted for 62% of the USA Swimming revenue, with 15% coming from the USOPC, 13% from partnership marketing and 10% from other factors.

On the flip side, 25% of that money is invested in the national team, 21% for insurance, technology and business operations, 16% for event operations, 16% for sport development, 16% for partnerships, marketing and communication and 6% for international development.

After what USA Swimming called “extreme cost-cutting measures” because of the pandemic, the governing body reported a $1.8 million surplus for the five-year period between 2017 and 20121. It was as high as a $3 million surplus after 2020.

According to the projections based on past quads and current circumstances, the organization expects a deficit of around $1 million for 2022 and $2.5 million for 2023 before returning to a a possible surplus in 2024.

The report also discussed the digital transformation of the governing body, including the SWIMS 3.0 Database upgrade, the USA Swimming App and website upgrades.

The USA Swimming Foundation’s mission of Saving Lives and Building Champions remains, and in 2022, the Foundation awarded a combined $2.33 million to youth swim lesson providers ($802,000), adult swim lesson providers ($130,000), member clubs ($268,000), and the USA Swimming National Team ($1,130,000). Those numbers include record amounts in learn-to-swim grants, Community Impact grants, and Donor Athlete Partnership Program funding.

USA Swimming and the Foundation introduced the Community Impact Grant program during the pandemic with the goal to increase competitive opportunities by funding clubs to create programs in new communities. Through these grants, we hope to grow the pipeline of champion athletes and to create more opportunities to broaden community access to USA Swimming. In 2022, the Foundation provided grant funding for 27 clubs, including clubs led by women or multicultural coaches, clubs partnering with HBCUs, and clubs creating programming within a community that has an existing pool but limited or no competitive programming.

Subscribe
Notify of
avatar
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x