ZONE 1 OF THE PORSCHE CLUB OF AMERICA

EIN: 452586202 Recreation & Sports

COLUMBIA, MD

Total Revenue
$211,278
Total Expenses
$209,088
Total Assets
$234,632
Net Assets
$234,632
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MD
Principal Officer
RICARDO DIAZ
Phone
5855546448
Tax Period
2023-01-01 to 2023-12-31

ZONE 1 OF THE PORSCHE CLUB OF AMERICA, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $211K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF ZONE 1 OF THE PORSCHE CLUB OF AMERICA IS THE FURTHERANCE AND PROMOTIONS OF: 1) THE HIGHEST STANDARDS OF COURTESY AND SAFETY ON THE ROADS. 2) THE ENJOYMENT AND SHARING GOODWILL AND FELLOWSHIP ENGENDERED BY OWNING A PORSCHE AND ENGAGING IN SUCH SOCIAL AND OTHER EVENTS AS MAY BE AGREEABLE TO THE MEMBERSHIP. 3) THE MAINTENANCE OF THE HIGHEST STANDARDS OF OPERATION AND PERFORMANCE OF THE MARQUE BY SHAING AND EXCHANGING TECHNICAL AND MECHANICAL INFORMATION. 4)THE INTERCHANGE OF IDEAS AND SUGGESTIONS WITH OTHER ZONES IN THE PORSCHE CLUB OF AMERICA. 5)THE ESTABLISHMENT OF SUCH MUTUALLY COOPERATIVE RELATIONS WITH OTHER SPORTS CAR CLUBS AS MAY BE DESIREABLE.

Program Service Accomplishments

Program 1
Expenses: $141,054 Revenue: $154,241

THE CLUB RACE IS THE LARGEST REVENUE RAISER HELD ANNUALLY IN JUNE AT WATKINS GLEN INTERNATIONAL RACEWAY. THIS PROGRAM PROVIDES WHEEL TO WHEEL AMATEUR RACING FOR MEMBERS THAT HAVE COMPLETED FORMAL...

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THE CLUB RACE IS THE LARGEST REVENUE RAISER HELD ANNUALLY IN JUNE AT WATKINS GLEN INTERNATIONAL RACEWAY. THIS PROGRAM PROVIDES WHEEL TO WHEEL AMATEUR RACING FOR MEMBERS THAT HAVE COMPLETED FORMAL LICENSING REQUIREMENTS AND WHOSE CARS MEET SPECIFIC SAFETY AND CLASS SPECIFICATION. DRIVERS ARE REQUIRED TO WEAR A FIRE RETARDANT ONE PIECE DRIVING SUIT, GLOVES, SOCKS AND SHOES ALONG WITH AN APPROVED SNELL SA RATED HELMET. THERE IS NO PRIZE MONEY AND THE EMPHASIS IS ON HAVING FUN IN A COMPETITIVE EVENT. TO ENSURE A "PROPER ATTITUDE" AMONG COMPETITORS, A "13/13" RULE APPLIES THAT PUTS A DRIVER OUT OF THAT EVENT AND ON PROBATION FOR 13 MONTHS SHOULD THEY BE INVOLVED IN AN INCIDENT THAT INVOLVES CAR DAMAGES (EVEN IF IT'S LIMITED TO THEIR OWN CAR). CARS ARE CLASSED BASED ON WEIGHT AND HORSEPOWER. THE EVENT IS STAFFED BY ZONE REGION VOLUNTEER MEMBERS THAT PROVIDE REGISTRATION, TECH INSPECTIONS, STAGING, SCORING. THE TRACK FACILITY AND ITS PROFESSIONAL FLAGGING STAFF ARE RENTED BY THE ZONE. THE ZONE 1 CLUB RACE IS A 3 DAY EVENT AND ONE OF OVER 25 SUCH RACING EVENTS THROUGHOUT THE USA AND CANADA. THE EVENT DRAWS APPROXIMATELY 200 PARTICIPANTS EACH YEAR.

Program 2

THE "48 HOURS AT THE GLEN" IS NORMALLY THE SECOND LARGEST REVENUE RAISER AND IS HELD ANNUALLY IN MAY OR JUNE AT WATKINS GLEN INTERNATIONAL RACEWAY. THE EVENT WAS NOT HELD IN 2023 DUE TO A CONFLICT...

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THE "48 HOURS AT THE GLEN" IS NORMALLY THE SECOND LARGEST REVENUE RAISER AND IS HELD ANNUALLY IN MAY OR JUNE AT WATKINS GLEN INTERNATIONAL RACEWAY. THE EVENT WAS NOT HELD IN 2023 DUE TO A CONFLICT WITH ANOTHER EVENT SCHEDULED BY THE WGI RACEWAY. THE ORGANIZATION IS HOPEING TO RESCHEDULE THIS EVENT IN THE NEAR FUTURE AT WGI OR ANOTHER SUITIBLE VENUE. THIS PROGRAM PROVIDES 3 DAYS OF HIGH PERFORMANCE DRIVING EDUCATION FOR MEMBERS WITH THE PURPOSE OF IMPROVING DRIVING KNOWLEDGE AND SKILLS. DRIVERS ARE CLASSED AS TO DRIVING EXPERIENCE AT FIVE DIFFERENT LEVELS: INSTRUCTED (GREEN, YELLOW); INTERMEDIATE SOLO (WHITE); ADVANCED (BLACK); INSTRUCTOR (RED), AND ARE ON THE TRACK ONLY IN THEIR SPECIFIC RUN GROUP. PARTICIPANTS ARE REQUIRED TO HAVE PROOF THAT THEIR CARS WERE SAFETY "TECHED" BY AN APPROVED FACILITY PRIOR TO THE EVENT. THE CARS ARE ALSO GIVEN A TRACKSIDE "FINAL TECH" INSPECTION (WHEEL LUGS, BRAKE LIGHTS, THROTTLE RESPONSE, SECURE UNDERHOOD ITEMS, ALL LOOSE INTERIOR ITEMS REMOVED, AND APPROVED HELMET). IN 2012, A 3RD DAY WAS ADDED FOR INTERMEDIATE TO INSTRUCTOR. THIS EVENT REGULARLY HAS ABOUT 150-200 PARTICIPANTS.

Program 3
Expenses: $46,227 Revenue: $51,747

THE "BOARDWALK REUNION" WAS A NEW EVENT BEGINNING IN 2019 THAT IS A JOINT VENTURE W/ ZONE 2 AND THE 356 REGISTRY. IT IS HELD ON THE BOARDWALK IN OCEAN CITY, NEW JERSEY AND PROVIDES A UNIQUE...

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THE "BOARDWALK REUNION" WAS A NEW EVENT BEGINNING IN 2019 THAT IS A JOINT VENTURE W/ ZONE 2 AND THE 356 REGISTRY. IT IS HELD ON THE BOARDWALK IN OCEAN CITY, NEW JERSEY AND PROVIDES A UNIQUE OPPORTUNITY TO DRIVE UP ONTO AND DISPLAY YOUR PORSCHE ON ONE OF NEW JERSEYS MOST ICONIC BOARDWALKS AGAINST AN SPECTACULAR OCEAN BACKDROP. IT PROVDES ZONE 1 MEMBERS THE CHANCE TO MEET AND SOCIALIZE WITH PORSCHE OWNERS FROM ACROSS THE MID- ATLANTIC. MEMBERS MEET AT OCEAN CITYS MUNICIPAL AIRPORT AT 10 AM, DEPART AN HOUR LATER UNDER POLICE ESCORT, AND THEN PARK AND HANG OUT ON THE MILE- LONG BOARDWALK UNTIL 4:00 PM.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $211,273
Investment Income $5
Other Revenue $0
TOTAL REVENUE $211,278

Expense Breakdown

Grants Paid $250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $193,159
Other Expenses $208,838
TOTAL EXPENSES $209,088

Year-over-Year Comparison

2023 2022 Change
Revenue $211,278 $352,598 -0.4%
Expenses $209,088 $304,905 -0.3%
Net Income $2,190 $47,693 -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
17
Independent Members
N/A
Employees
N/A
Volunteers
100

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
RICARDO DIAZ ZONE REPRESE 8.00
Officer
$0 $0 $0
JOYCE A GLADLE TREASURER 4.00
Officer
$0 $0 $0
CINDY CRISTELLO SECRETARY 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
2023 $211,278 $209,088 $234,632 $2,190
2022 $352,598 $304,905 $232,441 $47,693
2021 $226,945 $251,060 $184,748 $-24,115
2020 $5,607 $15,359 $208,863 $-9,752
2019 $271,083 $287,774 $218,615 $-16,691
2018 $286,013 $281,175 $235,306 $4,838
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