Prevent Drowning Foundation of San Diego (EIN 264824510) - 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

2009

Legal Domicile

Phone

6199179553

Tax Period

2024-01-01 to 2024-12-31

Prevent Drowning Foundation of San Diego, founded in 2009, is a small nonprofit in the Youth Development sector that reported $213K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $253K exceeded revenue, resulting in a 19% operating deficit.

Mission

The foundation is dedicated to the advancement of water safety through the many programs it supports including waterproofing San Diego, learn to swim programs for intercity youth and scholarships for disadvantaged family participation in the foundation's summer program services.

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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 $124,494

Program Service Revenue $14,563

Investment Income $0

Other Revenue $74,275

TOTAL REVENUE $213,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,699

Other Expenses $252,831

TOTAL EXPENSES $252,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,332	$116,134	+0.8%
Expenses	$252,831	$268,204	-0.1%
Net Income	$-39,499	$-152,070	-0.7%

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

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
John Sandmeyer	Vice President	1.00	Director	$0	$0	$0
Mary Ann Downing	Secretary	1.00	Officer Director	$0	$0	$0
Ron Anderson	Treasurer	1.00	Director	$0	$0	$0
Frank Carson	Board Member	1.00	Officer Director	$0	$0	$0
Ronan Gray	President	1.00	Director	$0	$0	$0
Corey McClelland	Chairman	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	$213,332	$252,831	$221,198	$-39,499
2023	$116,134	$268,204	$264,232	$-152,070
2022	$428,583	$399,102	$435,028	$29,481
2021	$165,698	$103,981	$388,133	$61,717
2020	$68,050	$96,161	$322,742	$-28,111
2019	$264,206	$211,440	$351,259	$52,766

Prevent Drowning Foundation of San Diego