ZONE 2 PORSCHE CLUB OF AMERICA INC

EIN: 271979520

WILLIAMSBURG, VA

Total Revenue
$125,090
Total Expenses
$180,059
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Principal Officer
ROBERT BALASCIO
Phone
2014002929
Tax Period
2024-01-01 to 2024-12-31

ZONE 2 PORSCHE CLUB OF AMERICA INC, founded in 2010, is a small nonprofit that reported $197K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year.

Mission

THE ORGANIZATION PROVIDES DRIVER EDUCATION TO MEMBERS OF THE PORSCHE CLUB OF AMERICA AND THE GENERAL PUBLIC AND CLUB RACING ACTIVITIES TO MEMBERS OF THE PORSCHE CLUB OF AMERICA. THE GOAL OF THE DRIVER'S EDUCATION PROGRAM IS TO PROVIDE A SAFE AND STRUCTURED LEARNING ENVIRONMENT WHERE PARTICIPANTS CAN IMPROVE THEIR DRIVING ABILITIES AND ACQUIRE A BETTER UNDERSTANDING OF THEIR VEHICLE DYNAMICS AND DRIVING SAFETY. EDUCATION EVENTS RESULT IN IMPROVED DRIVING SKILLS ON THE PUBLIC ROADS, WHICH RESULT IN GREATER PUBLIC SAFETY IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE.OUR EVENTS ARE OPEN TO THE PUBLIC, INCLUDING CLASSROOM INSTRUCTION, WITHOUT ANY FEES. THE FEES WE CHARGE ARE FOR REGISTERED PARTICIPANTS WHO WILL BE DRIVING ON THE TRACK AND PARTICIPATING IN ALL ACTIVITIES. PARADE LAPS AND TASTE OF THE TRACK ALLOW PARTICIPANTS TO DRIVE AROUND THE RACE TRACK. PROCEEDS FROM THESE EVENTS ARE EARMARKED FOR DONATION TO VARIOUS 501(C)(3) ORGANIZATIONS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $125,089
Investment Income $1
Other Revenue $0
TOTAL REVENUE $125,090

Expense Breakdown

Grants Paid $36,280
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $174,363
Other Expenses $143,779
TOTAL EXPENSES $180,059

Year-over-Year Comparison

2024 2023 Change
Revenue $125,090 $137,212 -0.1%
Expenses $180,059 $120,918 +0.5%
Net Income $-54,969 $16,294 -4.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
N/A
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL GRANDFIELD PRESIDENT 20.00
Officer
$0 $0 $0
GEORGE MICHAELS SECRETARY 2.00
Officer
$0 $0 $0
ROBERT BALASCIO TREASURER 2.00
Officer
$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 $125,090 $180,059 No data $-54,969
2023 $137,212 $120,918 $54,969 $16,294
2022 $198,727 $208,845 $38,675 $-10,118
2021 $103,462 $109,857 $48,793 $-6,395
2020 $5,005 $1,214 $55,188 $3,791
2019 $187,288 $188,698 $51,397 $-1,410
2018 $197,109 $208,321 $52,807 $-11,212
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