PORSCHE CLUB OF AMERICA INC

EIN: 941677331

COLUMBIA, MD

Total Revenue
$11,887,854
Total Expenses
$11,634,228
Total Assets
$12,548,813
Net Assets
$6,340,251
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
DC
Principal Officer
RICHARD STRAHOTA
Phone
4103810911
Tax Period
2024-01-01 to 2024-12-31

PORSCHE CLUB OF AMERICA INC, founded in 1955, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION IS AN AUTO CLUB THAT DISTRIBUTES INFORMATION, PROVIDES A FORUM FOR PORSCHE OWNERS (MEMBERS) AND HOLDS EVENTS.

Program Service Accomplishments

Program 1

ANNUAL PARADE (CONVENTION) EVENT PROVIDES MEMBERS A FORUM FOR THE EXCHANGE OF IDEAS, TO COMPARE AUTOMOBILES, PROVIDE AND RECEIVE INFORMATION ABOUT CLUB ACTIVITIES, AUTOMOBILE PRODUCT LINE, AND...

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ANNUAL PARADE (CONVENTION) EVENT PROVIDES MEMBERS A FORUM FOR THE EXCHANGE OF IDEAS, TO COMPARE AUTOMOBILES, PROVIDE AND RECEIVE INFORMATION ABOUT CLUB ACTIVITIES, AUTOMOBILE PRODUCT LINE, AND RELATED MATTERS. THERE WERE OVER 1,500 PARTICIPANT ATTENDEES FOR PARADE 2024.

Program 2

PCA PANORAMA MAGAZINE: PROVIDES MEMBERS WITH TECHNICAL ADVICE, NEW PRODUCT RELEASES, GENERAL CLUB INFORMATION AND REGION EVENTS TO ENCOURAGE CLUB MEMBERS PARTICIPATION.

Program 3

THE ORGANIZATION SPONSORS RACES WHICH PROVIDE MEMBERS AN ADDITIONAL FORUM FOR AN EXCHANGE OF IDEAS, AUTOMOBILE TESTING, AND INFORMATION. THE EVENTS ARE OPEN TO ALL MEMBERS. THERE WERE OVER 1,000...

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THE ORGANIZATION SPONSORS RACES WHICH PROVIDE MEMBERS AN ADDITIONAL FORUM FOR AN EXCHANGE OF IDEAS, AUTOMOBILE TESTING, AND INFORMATION. THE EVENTS ARE OPEN TO ALL MEMBERS. THERE WERE OVER 1,000 PARTICIPANTS IN THE RACES IN 2024

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,322,868
Investment Income $210,470
Other Revenue $2,354,516
TOTAL REVENUE $11,887,854

Expense Breakdown

Grants Paid $277,563
Salaries & Benefits $2,367,161
Fundraising Expenses $0
Other Expenses $8,989,504
TOTAL EXPENSES $11,634,228

Year-over-Year Comparison

2024 2023 Change
Revenue $11,887,854 $12,039,558 0.0%
Expenses $11,634,228 $11,593,254 +0.0%
Net Income $253,626 $446,304 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
25
Volunteers
145

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
5
$242,856
Total Directors
5
$0
Key Employees
2
$354,058
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON AMBROSINO PRESIDENT 30.00
Officer Director
$0 $0 $0
RONALD GORDON VICE PRESIDENT 30.00
Officer Director
$0 $0 $0
STAN THORNE SECRETARY 30.00
Officer Director
$0 $0 $0
RICHARD STRAHOTA TREASURER 30.00
Officer Director
$0 $0 $0
THOMAS A GORSUCH PAST PRESIDENT 30.00
Director
$0 $0 $0
VU NGUYEN EXECUTIVE DIRECTOR 40.00
Officer
$235,865 $6,991 $242,856
ROBERT SASS PANORAMA EDITOR 40.00
Key Emp
$207,477 $10,546 $218,023
ELLEN DENISE HOVINGTON COMPTROLLER 40.00
Key Emp
$132,118 $3,917 $136,035
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 $11,887,854 $11,634,228 $12,548,813 $253,626
2023 $12,039,558 $11,593,254 $12,113,182 $446,304
2022 $10,284,563 $10,176,437 $11,391,022 $108,126
2021 $9,468,677 $8,998,927 $11,168,170 $469,750
2020 $7,437,697 $7,309,164 $11,063,249 $128,533
2019 $9,220,533 $8,968,445 $9,935,234 $252,088
2018 $8,863,689 $8,687,505 $10,022,697 $176,184
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