Potomac Valley Swimming 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

1983

Legal Domicile

Principal Officer

Ellen Colket

Phone

3016060807

Tax Period

2024-09-01 to 2025-08-31

Potomac Valley Swimming Inc, founded in 1983, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

Promotes competitive swimming and fosters equal access to competitive opportunities for swimmers of all ages and abilities in accordance with the rules, regulations and standards of PVS, USA Swimming and World Aquatics.

Program Service Accomplishments

Program 1

Expenses: $894,541 Revenue: $776,443

PVS championship and sanctioned swim meets - conducted and sanctioned swim meets in the DC Metro area for approximately 13,000 athletes. PVS also organizes a team of swimmers to represent PVS at the...

Program 2

Expenses: $21,261 Revenue: $320,311

Membership- The annual PVS membership allows membership with the USA Swimming organization and allows athletes to participate in meets and club practices.

Program 3

Expenses: $59,729

Education and advancement - PVS provides education and support to officials through workshops, membership support, and clinics in order to improve all aspects of competitive swimming. Subjects...

Education and advancement - PVS provides education and support to officials through workshops, membership support, and clinics in order to improve all aspects of competitive swimming. Subjects include competitive swimming rules and regulations, club management, inclusion and diversity, and USA Swimming's Safe Sport initiative.

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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 $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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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

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

$50,000

Total Directors

Key Employees

Highest Compensated

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