PARKLAND SWIM CLUB CORP

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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

2016

Legal Domicile

Principal Officer

WILLIAM PLATT

Phone

4845508775

Tax Period

2023-09-01 to 2024-08-31

PARKLAND SWIM CLUB CORP, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $421K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $362K left a modest 14% surplus.

Mission

THE PRIMARY PURPOSE OF PSC IS TO BRING THE SPORT OF SWIMMING TO THE RESIDENTS OF THE LEHIGH VALLEY. THROUGH OUR PARTNERSHIP WITH USA SWIMMING WE NOW SERVE OVER 200 SWIMMERS WHO RESIDE IN PARKLAND SCHOOL DISTRICT. THIS INCLUDES OUR LEARN TO SWIM PROGRAM WHICH IS IN COMPLIANCE WITH USA SWIMMING MAKE A SPLASH PROGRAM TO TEACH KIDS THE VALUABLE LIFE SAVING SKILL OF SWIMMING.

Program Service Accomplishments

Program 1

Expenses: $333,315 Revenue: $415,703

WE PROVIDE LEARN TO SWIM PROGRAMS FOR THOSE JUST STARRTING OUT IN SWIMMING. CHILDREN CAN BE AS YOUNG AS THREE AND A HALF WHEN THEY BEGIN THE PROGRAM. WE OFFER COMPETITIVE AGE GROUP SWIMMING PROGRAM FOR THOSE ATHLETES WHO ARE READY TO COMPETE. THESE SWIMMERS ARE MEMBERS OF USA SWIMMING AND COMPETE IN THE MIDDLE ATLANTIC LSC. WE THEN HAVE A SENIOR GROUP LEVEL FOR OUR HIGH SCHOOL AND COLLEGE LEVEL ATHLETES. THIS PROGRAM RUNS IN THE SPRING, SUMMER AND FALL FOR THOSE SWIMMERS. DURING THE WINTER OUR SENIOR ATHLETES COMPETE FOR PARKLAND HIGH SCHOOL.

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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 $415,703

Investment Income $4,862

Other Revenue $0

TOTAL REVENUE $420,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,301

Fundraising Expenses $0

Program Expenses $333,315

Other Expenses $183,510

TOTAL EXPENSES $361,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$420,565	$224,819	+0.9%
Expenses	$361,811	$209,885	+0.7%
Net Income	$58,754	$14,934	+2.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM PLATT	PRESIDENT	20.00	Officer Director	$0	$0	$0
ALICIA ZAFFIRO	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
JESSIE YEAGER	TREASURER	10.00	Officer Director	$0	$0	$0
BRENDEN KUR	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREDITH DORNER	SECRETARY	15.00	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
2025	No data	No data	No data	No data
2024	$420,565	$361,811	$203,600	$58,754
2023	$224,819	$209,885	$144,846	$14,934
2022	$306,386	$260,468	$129,912	$45,918
2021	$283,859	$251,417	$83,994	$32,442
2019	$217,472	$199,930	$65,779	$17,542