PORTLAND PORPOISE SWIM CLUB (EIN 223131665) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

PHILLIP NAPOLITANO

Phone

2073293894

Tax Period

2021-08-01 to 2022-07-31

PORTLAND PORPOISE SWIM CLUB, founded in 1988, is a small nonprofit in the Recreation & Sports sector that reported $278K in total revenue in fiscal year 2021. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $238K left a modest 14% surplus.

Mission

PROMOTE SWIMMING AND ENCOURAGE SWIMMERS TO ACHIEVE AT THEIR HIGHEST LEVEL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $35,753

Program Service Revenue $243,175

Investment Income $56

Other Revenue $-531

TOTAL REVENUE $278,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,053

Fundraising Expenses $0

Program Expenses $219,420

Other Expenses $142,371

TOTAL EXPENSES $238,424

Year-over-Year Comparison

	2021	2020	Change
Revenue	$278,453	$191,626	+0.5%
Expenses	$238,424	$159,420	+0.5%
Net Income	$40,029	$32,206	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD GORSUCH	PRESIDENT	5.00	Officer Director	$0	$0	$0
PHIL NAPOLITANO	TREASURER	2.00	Officer Director	$0	$0	$0
KARIN TONELLO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ALLISON MAURER	REGISTRAR	5.00	Director	$0	$0	$0
BRUCE SHIELDS	HEAD OF OFFICIALS	2.00	Director	$0	$0	$0
ERIN GAGNON	FUNDRAISING	2.00	Director	$0	$0	$0
NICOLE SNYDER	FUNDRAISING	2.00	Director	$0	$0	$0
ERIC SNYDER	LEGAL	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$278,453	$238,424	$133,048	$40,029

PORTLAND PORPOISE SWIM CLUB