QUEEN CITY WATER SPORTS CENTER

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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

2013

Legal Domicile

Principal Officer

Pedro Palacios

Phone

5136782199

Tax Period

2023-01-01 to 2023-12-31

QUEEN CITY WATER SPORTS CENTER, founded in 2013, is a micro nonprofit in the Recreation & Sports sector that reported $98K in total revenue in fiscal year 2023. Expenses of $109K exceeded revenue, resulting in a 11% operating deficit.

Mission

DEDICATED TO THE PROMOTION OF ROWING TO ALL COMMUNITIES INCLUDING ADULT, YOUTH, VETERANS, INDIVIDUALS WITH DISABILITIES, AND INNER CITY YOUTH.

Program Service Accomplishments

Program 1

Expenses: $108,535 Revenue: $98,016

TO PROMOTE ROWING TO ALL COMMUNITIES INCLUDING ADULT, YOUTH, VETERANS, AND INNER CITY YOUTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $98,016

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $98,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,000

Fundraising Expenses $0

Program Expenses $108,535

Other Expenses $76,535

TOTAL EXPENSES $108,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,016	N/A	N/A
Expenses	$108,535	N/A	N/A
Net Income	$-10,519	$0	N/A

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

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

$32,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEDRO PALACIOS	PRESIDENT	30	Officer	$32,000	$0	$32,000
EDWARD MUHLHAUSER	OFFICER	1	Officer	$0	$0	$0
PAUL KRAMER-ARNDTS	TREASURER	2	Officer	$0	$0	$0
ALAN BERNSTEIN	OFFICER	0	Officer	$0	$0	$0
JAKE MERCURI	OFFICER	1	Officer	$0	$0	$0
MARCIE NEWILL	OFFICER	1	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$98,016	$108,535	$24,295	$-10,519