The Association for the Preservation of the Potomac (EIN 930830589) - 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

1983

Legal Domicile

Principal Officer

Steven Hanson

Phone

5106271215

Tax Period

2024-01-01 to 2024-12-31

The Association for the Preservation of the Potomac, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $930K in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $231K, a strong 25% operating margin.

Mission

Preservation of the USS Potomac and education about the Roosevelt era.

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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 (2024)

Revenue Breakdown

Contributions & Grants $647,290

Program Service Revenue $208,665

Investment Income $39,020

Other Revenue $34,835

TOTAL REVENUE $929,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,013

Fundraising Expenses $75,669

Program Expenses $525,882

Other Expenses $481,211

TOTAL EXPENSES $699,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$929,810	$414,450	+1.2%
Expenses	$699,224	$508,791	+0.4%
Net Income	$230,586	$-94,341	-3.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Walter Abernathy	Board	2.00	Director	$0	$0	$0
Rick Anderson	Board	1.00	Director	$0	$0	$0
Carla Betts	1st VP	1.00	Officer Director	$0	$0	$0
Tom Burst	CFO	1.00	Director	$0	$0	$0
Ruthmary Cradler	Board	1.00	Director	$0	$0	$0
Ron Paredes	Board	1.00	Director	$0	$0	$0
Michael A Roosevelt	Chairman	2.00	Director	$0	$0	$0
Benedict Bowler	Treasurer	2.00	Officer Director	$0	$0	$0
Nancy Elbeck	Office Manager	1.00	Director	$0	$0	$0
Jack Lapidos	2nd VP	1.00	Officer Director	$0	$0	$0
H Wayne Goodroe	Secretary	1.00	Officer Director	$0	$0	$0
Eileen Moncour	Board	1.00	Director	$0	$0	$0
Christoper Marshall	Board	1.00	Director	$0	$0	$0
Joe Brenan	Board	1.00	Director	$0	$0	$0
Dennis Rayer	2nd VP	2.00	Officer Director	$0	$0	$0
Steven Hanson	President	1.00	Officer Director	$0	$0	$0
Joseph Haraburda	Board	1.00	Director	$0	$0	$0
Jeff Wallace	Board	1.00	Director	$0	$0	$0
Jock Putney	Board	1.00	Director	$0	$0	$0
Stan Hebert	Board	1.00	Director	$0	$0	$0
Michael Hennneberry	Board	1.00	Director	$0	$0	$0
Jonathan Ogle	Board	1.00	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	$929,810	$699,224	$1,649,148	$230,586
2023	$414,450	$508,791	$1,467,235	$-94,341
2022	$315,370	$414,065	$1,560,245	$-98,695
2021	$395,673	$361,881	$1,653,704	$33,792
2020	$173,201	$392,602	$622,550	$-219,401
2019	$319,600	$595,012	$676,147	$-275,412
2018	$279,528	$463,190	$934,898	$-183,662

The Association for the Preservation of the Potomac