PARKLAND AQUATIC CLUB INC

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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

1990

Legal Domicile

Principal Officer

STEVE EVANS

Phone

4843974092

Tax Period

2024-09-01 to 2025-08-31

PARKLAND AQUATIC CLUB INC, founded in 1990, is a small nonprofit that reported $501K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $457K left a modest 9% surplus.

Mission

THE AQUATIC CLUB OFFERS BOTH COMPETITIVE AND LEARN TO SWIM PROGRAMS FOR ALL LEVELS AND PROVIDES TRAINING AND CONDITIONING TO IMPROVE SWIMMING PROFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $400,755 Revenue: $477,107

PARKLAND AQUATIC CLUB (PAAC) BEGAN IN 1990 WITH THE PURPOSE OF PROMOTING SWIMMING AND OTHER AQUATIC SPORTS ACTIVITIES, TO PROVIDE EDUCATIONAL AND INSTRUCTIONAL OPPORTUNITIES RELATED TO AQUATICS, TO FOSTER LOCAL COMPETITION AND TO PROVIDE RELATED SOCIAL ACTIVITIES FOR THE BENEFIT OF THE SURROUNDING COMMUNITY.THE CLUB PROVIDES AN ENVIRONMENT THAT PROMOTES WELLNESS AND PHYSICAL FITNESS. PAAC SERVES APPROXIMATESLY 150 FAMILIES ANNUALLY. IT OPERATES FULL YEAR, PROVIDING AQUATIC PROGRAMMING FOR APPROXIMATELY 200 YOUTH OF VARIOUS AGE LEVELS. PAAC HOSTS SEVERAL MEETS FOR THE COMMUNITY EACH SEASON IN ADDITION TO ITS COMPETITIVE AND INSTRUCTIONAL TRAINING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,168

Program Service Revenue $453,870

Investment Income $1,662

Other Revenue $44,086

TOTAL REVENUE $500,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,590

Fundraising Expenses $0

Program Expenses $400,755

Other Expenses $243,652

TOTAL EXPENSES $457,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$500,786	$659,314	-0.2%
Expenses	$457,242	$570,654	-0.2%
Net Income	$43,544	$88,660	-0.5%

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

150

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
STEVE EVANS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JONATHAN WOZNIAK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KERRY SCHULTZ	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER CHEPLICK	SECRETARY	2.00	Officer Director	$0	$0	$0
JOE ENTENA	BOARD MEMBER	2.00	Director	$0	$0	$0
TORI FAHRNEY	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN KING	BOARD MEMBER	2.00	Director	$0	$0	$0
JUSTIN TEWKSBURY	DIRECTOR EMERITUS	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
2025	$500,786	$457,242	$445,321	$43,544
2024	$659,314	$570,654	$406,877	$88,660
2023	$503,700	$510,834	$313,326	$-7,134
2022	$489,727	$496,262	$294,657	$-6,535
2021	$451,716	$386,113	$303,555	$65,603
2020	$186,587	$254,004	$168,576	$-67,417
2019	$311,918	$362,918	$203,787	$-51,000
2018	$326,448	$384,424	$188,673	$-57,976