Potomac Swimming and Recreation Association Inc (EIN 520781544) - Form 990 Financial Analysis & Trantor Score

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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

1958

Legal Domicile

Principal Officer

Edward Sears

Phone

3019830390

Tax Period

2023-01-01 to 2023-12-31

Potomac Swimming and Recreation Association Inc, founded in 1958, is a small nonprofit that reported $606K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $672K exceeded revenue, resulting in a 11% operating deficit.

Mission

Operate a recreational facility to promote health, welfare and pleasure for its members and guests.

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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 $0

Program Service Revenue $603,787

Investment Income $2,181

Other Revenue $0

TOTAL REVENUE $605,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $672,304

TOTAL EXPENSES $672,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$605,968	$667,169	-0.1%
Expenses	$672,304	$739,893	-0.1%
Net Income	$-66,336	$-72,724	-0.1%

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

N/A

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
David Byford	President	3.00	Officer Director	$0	$0	$0
Deb Burger	Secretary	3.00	Officer Director	$0	$0	$0
Lucy Fitch	Director - Communications	3.00	Director	$0	$0	$0
Anne Moore	Director- Tennis	3.00	Director	$0	$0	$0
Martin Lotz	Vice President	3.00	Director	$0	$0	$0
Soo Jin Park	Director - Membership	3.00	Director	$0	$0	$0
Chris Bugel	Director - Social	3.00	Director	$0	$0	$0
Andrew Zettler	Director - Swim and Dive Team	3.00	Director	$0	$0	$0
Andrea Hickman	Treasurer	3.00	Officer Director	$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	No data	No data	No data	No data
2023	$605,968	$672,304	$1,567,987	$-66,336
2022	$667,169	$739,893	$1,668,192	$-72,724
2021	$790,499	$602,052	$1,724,518	$188,447
2020	$447,030	$489,834	$1,664,287	$-42,804
2019	$522,117	$635,383	$1,761,341	$-113,266
2018	$615,811	$747,165	$1,933,451	$-131,354

Potomac Swimming and Recreation Association Inc