PHILADELPHIA DRAGON BOAT ASSOCIATION (EIN 233066903) - 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

2001

Legal Domicile

Principal Officer

DONNA NEGRO

Phone

2155748882

Tax Period

2023-01-01 to 2023-12-31

PHILADELPHIA DRAGON BOAT ASSOCIATION, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $245K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORT COMPETITION

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,995

Program Service Revenue $218,581

Investment Income $307

Other Revenue $0

TOTAL REVENUE $244,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,056

Other Expenses $238,740

TOTAL EXPENSES $238,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,883	$210,684	+0.2%
Expenses	$238,740	$134,442	+0.8%
Net Income	$6,143	$76,242	-0.9%

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

N/A

Volunteers

500

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
THOMAS LEONARDI	PRESIDENT	10.00	Officer Director	$0	$0	$0
JAMES MORRIS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DONNA NEGRO	TREASURER	8.00	Officer Director	$0	$0	$0
ROSE WALTERS	SECRETARY	3.00	Officer Director	$0	$0	$0
BOB MINA	MEMBER	10.00	Director	$0	$0	$0
NOEL ABEJO	MEMBER	1.00	Director	$0	$0	$0
SAJAN LAMA	MEMBER	1.00	Director	$0	$0	$0
CHRIS MARQUART	MEMBER	5.00	Director	$0	$0	$0
KATIE PECK	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$244,883	$238,740	$186,176	$6,143
2022	$210,684	$134,442	$188,526	$76,242

PHILADELPHIA DRAGON BOAT ASSOCIATION