PDR SWIMMING FOR SUCCESS

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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

2019

Legal Domicile

Principal Officer

JAMES ELLIS

Phone

6106397840

Tax Period

2023-10-01 to 2024-09-30

PDR SWIMMING FOR SUCCESS, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $271K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

REPRESENT PHILADELPHIA FROM A DIVERSITY STANDPOINT BY PROVIDING YOUTH AND YOUNG ADULTS FROM DIVERSE SOCIOECONOMIC BACKGROUNDS WITH ACCESS TO COMPETITIVE SWIMMING TO FOSTER SELF-CONFIDENCE, TEAM-BUILDING, SPORTSMANSHIP, RESPONSIBILITY, LEADERSHIP, AND ACADEMIC ACHIEVEMENT.

Program Service Accomplishments

Program 1

Expenses: $260,599 Revenue: $255,745

IN THE 2023-2024 SEASON, PDR SWIMMING CONTINUE TO GROW BOTH IN NUMBERS AND COMPETITIVE SUCCESS. THE TEAM SAW AN 18.3% INCREASE IN SWIM MEET PARTICIPATION, JUMPING FROM 82 PARTICIPANTS IN 2023 TO 97 IN 2024. THIS RISE IN INVOLVEMENT REFLECTS PDRS EXPANDING PRESENCE IN THE MID-ATLANTIC SWIMMING SCENE AND ITS ONGOING COMMITMENT TO DEVELOPING YOUNG ATHLETES. COMPETITIVE MILESTONES: THE 2023-2024 SEASON MARKED A RETURN TO REGIONAL-LEVEL COMPETITION FOR THE FIRST TIME SINCE THE COVID-19 PANDEMIC. SEVEN SWIMMERS QUALIFIED FOR AND COMPETED IN THE PRESTIGIOUS LONG COURSE METERS EASTERN ZONE SENIOR CHAMPIONSHIPS IN BUFFALO, NY, SIGNALING A MAJOR COMPETITIVE STEP FORWARD FOR THE TEAM. INDIVIDUAL SUCCESS: SEVERAL SWIMMERS ACHIEVED NATIONAL AGE-GROUP RANKINGS, HIGHLIGHTING THE TEAMS GROWING TALENT PIPELINE. THESE INDIVIDUAL SUCCESSES UNDERSCORE PDRS ABILITY TO NURTURE SWIMMERS WHO CAN COMPETE BEYOND THE LOCAL LEVEL AND ON THE NATIONAL STAGE. GROWTH & RESILIENCE: PDRS PROGRESS THIS SEASON REFLECTS NOT ONLY ITS LEGACY OF PRIDE, DETERMINATION, AND RESILIENCE, BUT ALSO ITS CAPACITY TO REBUILD AND EXPAND AFTER THE CHALLENGES OF THE PANDEMIC. THE TEAMS RETURN TO HIGH-LEVEL COMPETITION AND ITS INCREASE IN PARTICIPATION NUMBERS DEMONSTRATE A STRONG TRAJECTORY FOR THE FUTURE.

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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 $15,210

Program Service Revenue $255,745

Investment Income $0

Other Revenue $0

TOTAL REVENUE $270,955

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $140,326

Fundraising Expenses $0

Program Expenses $260,599

Other Expenses $114,741

TOTAL EXPENSES $268,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,955	$290,800	-0.1%
Expenses	$268,067	$245,428	+0.1%
Net Income	$2,888	$45,372	-0.9%

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

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

$38,000

Total Directors