ZONE 2 PORSCHE CLUB OF AMERICA 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

2010

Legal Domicile

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 $125K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $180K exceeded revenue, resulting in a 44% operating deficit.

Mission

THE ORGANIZATION PROVIDES DRIVER EDUCATION TO MEMBERS AND NON-MEMBERS OF THE PORSCHE CLUB OF AMERICA AND CLUB AND RACING ACTIVITIES TO MEMBERS OF THE PORSCHE CLUB OF AMERICA. THE PRINCIPAL OBJECTIVE OF DRIVER EDUCATION EVENTS IS TO PROVIDE PARTICIPANTS WITH ON-TRACK DRIVING EXPERIENCE IN THE PARTICIPANTS OWN VEHICLE TO INCLUDE THE FOLLOWING:1. EXPERIENCE WITH VEHICLE HANDLING UNDER EXTREME BRAKING AND ACCELERATION2. EXPERIENCE WITH VEHICLE HANDLING DYNAMICS UNDER INCREASED AND HIGH SPEED MANEUVERING3. VEHICLES ARE MECHANICALLY INSPECTED BY TRAINED AND APPROVED INSPECTORS TO DETERMINE THAT PARTICIPANT'S VEHICLES ARE IN GOOD WORKING ORDER, ESPECIALLY BRAKES, TIRES, SUSPENSION, HELMET AND RESTRAINTS.4. DRIVING INSTRUCTORS, SPECIALLY APPROVED BY THE PORSCHE CLUB OF AMERICA ARE AVAILABLE FOR ONE-ON-ONE HELP FOR THE PARTICIPANT. INSTRUCTORS HELP THE PARTICIPANT LEARN THEIR WAY AROUND THE TRACK AND PROVIDE FEEDBACK AS VEHICLE SPEED INCREASES AND VEHICLE DYNAMICS CHANGE.

Program Service Accomplishments

Program 1

Expenses: $173,083 Revenue: $124,560

CLUB RACING:PORSCHE CLUB OF AMERICA CLUB RACING IS AN ORGANIZED NATIONAL RACE SERIES FOR PORSCHE OWNERS. THE RULES ARE SIMILAR TO VINTAGE RACING. THE EVENT IS WHEEL-TO-WHEEL RACING FOR QUALIFIED...

CLUB RACING:PORSCHE CLUB OF AMERICA CLUB RACING IS AN ORGANIZED NATIONAL RACE SERIES FOR PORSCHE OWNERS. THE RULES ARE SIMILAR TO VINTAGE RACING. THE EVENT IS WHEEL-TO-WHEEL RACING FOR QUALIFIED DRIVERS, ALL OF WHOM MUST BE MEMBERS OF PORSCHE CLUB OF AMERICA.CLUB RACING IS A NATIONAL SERIES ORGANIZED GEOGRAPHICALLY BY THE REGIONS OR GROUP OF REGIONS (ZONES) OF THE PORSCHE CLUB OF AMERICA. ALTHOUGH A NATIONAL SERIES, EACH ORGANIZER (REGION OR ZONE) HAS FINANCIAL AND ORGANIZATIONAL RESPONSIBILITY FOR THEIR RACE.THE ZONE 2 CLUB RACE IS HELD IN MARCH EACH YEAR OVER A 3-DAY WEEKEND (FRIDAY-SUNDAY) AT VIRGINIA INTERNATIONAL RACEWAY (VIR) IN ALTON, VA. ZONE 2 RENTS THE TRACK FROM VIR FOR THIS EVENT AND PROMOTES THE EVENT THROUGH MAILINGS TO PCA CLUB RACE DRIVERS ON A NATIONAL BASIS AND AT THE LOCAL OR REGION LEVEL. THE GOAL IS TO ATTRACT A SUFFICIENT NUMBER OF PARTICIPANTS TO COVER THE TRACK RENTAL AND OTHER OPERATING COSTS AND TO MAKE A SMALL PROFIT. A PORTION OF THE PROCEEDS FROM CLUB RACING IS TO SUPPORT THE CHARITABLE ACTIVITIES OF VARIOUS NON-PROFIT ORGANIZATIONS.

Program 2

Expenses: $1,280 Revenue: $530

DURING 2024, THE ORGANIZATION MADE CHARITABLE DONATIONS TO THE FOLLOWING 501(C)(3) ORGANIZATIONS:1. GOD'S STOREHOUSE,$1,280 IN SUPPORT OF THEIR FOOD PANTRY OPERATIONS, LOCATED IN DANVILLE, VIRGINIA

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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 $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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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

N/A

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
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