USA Swimming has revealed its finances for 2025, which was authorised by the Board of Administrators on the assembly on December 19. The finances “focuses on the utmost deployment of assets to assist our programming whereas limiting the operational deficit” in keeping with the group. USA Swimming’s salaries have doubled since 2019, however the group was below finances in 2024.
The group has reported a balanced finances for 2025, with $39.7 million in income and $39.6 million in working bills. One of many main modifications to the finances this yr is that the income and bills for the Golden Goggle Awards have been moved from USA Swimming’s books to the Basis’s.
The Olympic Impact
2024 was an Olympic yr, which introduced main modifications to final yr’s USA Swimming finances. One of many areas this impact was most keenly felt was the Nationwide Workforce assist bills. For instance, the group spent about $1.8 million on the pre-Olympic staging camps, a line merchandise that isn’t included within the 2025 finances. The group will, after all, spend cash on nationwide workforce worldwide camps, however the $450,000 finances for these camps this coming yr is considerably much less.
General, the Nationwide Workforce assist bills finances has decreased by 15% from final yr. Nonetheless, because the deducted gadgets have largely come straight off the finances, areas like assist for the Junior Workforce, Open Water, and coaches have elevated this yr. Nationwide Workforce assist represents 26% of USA Swimming’s complete working bills in 2025, the vast majority of the group’s bills for the yr. Sport Deve
The shortage of an Olympic Video games this yr has impacted different varieties of bills for USA Swimming, together with business and govt bills. Industrial bills have gone down 6% from 2024 because of the “lack of Olympic-related programming.” That is mirrored in line gadgets just like the USA Swimming Home and Aqua Zone at Olympic Trials—which USA Swimming initiatives it spent $235,000 and $1,190,367 on—not being on the finances for 2025.
Evaluating To 2022, One other Put up-Olympic Yr
Whereas the finances for Nationwide Workforce assist is down from final yr, USA Swimming studies its finances for the sort of assist is up 22% from 2022, the newest post-Olympic yr. In some ways, the 2022 finances is a greater level of comparability for this finances than 2024’s Olympic yr spending.
Whereas business bills, which embody gadgets like advertising and partnerships, are related in comparison with 2022, govt bills have decreased by 16%. Some line merchandise budgets from the Govt part of the finances have elevated from 2022’s precise year-end numbers, just like the Board of Administrators and Board Chair Journey and Bills. Nonetheless, that part has seen a discount from the Worldwide Organizational Relation and Board Governance Guide. USA Swimming spent $25,314 on Worldwide Organizational Relations in 2022 and has a finances of simply $2,500 this yr. Extra dramatically, there is no such thing as a finances for the Board Governance Guide in 2025, which the group spent $149,864 on in 2022.
Sport Improvement
Whereas Nationwide Workforce assist is USA Swimming’s greatest expenditure at 26% of the bills finances, Sport Improvement is simply behind at 25%. This class consists of gadgets like LSC assist, SafeSport, DEI applications, and assist for athletes, coaches, and golf equipment. This class noticed a 7% improve in comparison with final yr, which USA Swimming states are as a result of elevated funding for the Nationwide and Zone Choose Camps, together with “elevated membership and coach improvement assist, elevated SafeSport programming, and elevated DEI assist.”
A scarcity of engagement and reference to coaches was one of many principal areas of concern in ASCA’s letter to the USA Swimming Board in August. So too was the decline in membership. USA Swimming initiatives a 3% membership progress in 2025 from 40 new golf equipment and 9,970 new members occasion with a flat membership few. The $2 annual premium membership price improve was eradicated by the Home of Delegates.
The board projected an expenditure of 1,000 after for the Nationwide Choose Camps, this yr, USA Swimming has budgeted to spend $150,000 on these camps. Notably, there was not a Nationwide Choose Camp throughout the 2024 calendar yr—the 2023 camp was held in October of that yr and the 2024 camp might be held this month. Equally, the board projected it spent $55,628 on Zone Choose Camps in 2024, however has a $80,000 finances for them this yr.
The Search For A New CEO
Shana Ferguson has served because the interim CEO of USA Swimming since Tim Hinchey’s departure on the finish of August. The group’s 2025 finances displays its ongoing seek for a brand new head, as $415,800 of the non-operating finances has been devoted to “prices related to CEO transition.”
In 2021, Hinchey revamped $1 million, accounting for two.8% of USA Swimming’s bills and the second-most for a CEO of a serious sports activities governing physique within the U.S. Salaries and advantages for USA Swimming are a separate line merchandise within the administration part of the finances, and never damaged out by position.
Additionally within the non-operating finances, USA Swimming has allotted $100,000 for Race Evaluation, up from $0 final yr. The “Protecting Athletes First 2.0 Initiative” has additionally gotten a serious bump in funds, from a projected $584,818 in 2024 to a 2025 finances of $990,110.
