Potomac Valley Swimming Inc

EIN: 311012959 501(c)(3)

McLean, VA

Total Revenue
$1,127,375
Total Expenses
$1,125,372
Total Assets
$1,448,789
Net Assets
$1,352,732
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MD
Principal Officer
Ellen Colket
Phone
3016060807
Tax Period
2024-09-01 to 2025-08-31

POTOMAC VALLEY SWIMMING INC, founded in 1983, is a small nonprofit that reported $988K in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year.

Mission

Governing body for competitive swimming in the DC Metro area.

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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 $1,094,278
Investment Income $30,621
Other Revenue $2,476
TOTAL REVENUE $1,127,375

Expense Breakdown

Grants Paid $140,953
Salaries & Benefits $118,686
Fundraising Expenses $0
Program Expenses $975,531
Other Expenses $865,733
TOTAL EXPENSES $1,125,372

Year-over-Year Comparison

2024 2023 Change
Revenue $1,127,375 $1,101,903 +0.0%
Expenses $1,125,372 $948,551 +0.2%
Net Income $2,003 $153,352 -1.0%
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
14
Independent Members
14
Employees
4
Volunteers
746

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
4
$50,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cherlynn Venit General Chair 12.00
Officer Director
$0 $0 $0
Ellen Colket Finance Vice Chair 8.00
Officer Director
$0 $0 $0
Chris Schlegel Age Group Vice Chair 4.00
Director
$0 $0 $0
Mary Massoumi Operations Vice Chair 4.00
Director
$0 $0 $0
Harper Freeman Senior Athletes Representa 4.00
Director
$0 $0 $0
Nicole Zhang Junior Athletes Representa 4.00
Director
$0 $0 $0
Zach Suarez At-Large Athlete Represent 4.00
Director
$0 $0 $0
Trish Buswell Administrative Vice Chair 4.00
Officer Director
$0 $0 $0
Aaron Dean Senior Vice Chair 4.00
Director
$0 $0 $0
Barb Ship Officials Representative 8.00
Director
$0 $0 $0
Clifton Gordon Inclusion/Diversity Chair 4.00
Director
$0 $0 $0
Jim Crampton Safe Sport Chair 4.00
Director
$0 $0 $0
Nicole Erickson Senior Coaches Representat 4.00
Director
$0 $0 $0
Matt Cohen Junior Coaches Representat 4.00
Director
$0 $0 $0
Kimberly Bullers Treasurer 20.00
Officer
$50,000 $0 $50,000
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 $1,127,375 $1,125,372 $1,448,789 $2,003
2024 $1,101,903 $948,551 $1,465,817 $153,352
2023 $1,143,398 $991,001 $1,232,803 $152,397
2022 $876,376 $725,590 $1,120,400 $150,786
2021 $380,194 $505,685 $962,182 $-125,491
2020 $561,094 $563,842 $993,303 $-2,748
2019 $1,072,834 $995,772 $922,100 $77,062
2018 $988,068 $970,240 $933,400 $17,828
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