Bethesda Center of Excellence Dba Potomac Whitewater Racing Center
Nonprofit profile at a glance
- EIN
- 050524304
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2016
- Location
- Cabin John, MD, USA
- Phone
- 7039733639
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Amateur Sports Competitions
Reported finances
- Revenue
- $102,266
- Expenses
- $163,448
- Assets
- $104,081
- Liabilities
- $1,533
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- MIKE CORCORAN (PRESIDENT & BOARD CHAIRPER)
- ADAM JOSEPH (VICE PRESIDENT & VICE CHAI)
People named in this filing
- MIKE CORCORAN (PRESIDENT & BOARD CHAIRPER)
- ADAM JOSEPH (VICE PRESIDENT & VICE CHAI)
- TYRA WOLFSBERG (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the potomac whitewater racing center (pwrc) is to promote the sports of slalom and wildwater canoe and kayak racing, including providing high-quality year-round whitewater slalom training to all actively training and racing pwrc athletes.
What it reported doing in 2024
Coaching: pwrc coaches provide year-round instruction in whitewater slalom canoe and kayak to around 20 paddlers in the Washington, dc area. This coaching takes place primarily on the feeder canal in bethesda, but coaches and athletes also travel to slalom training camps and races in charlotte, nc, montgomery, al and Oklahoma city, as well as in europe. Many pwrc athletes go on to make the junior, u23, and senior us national slalom teams and compete at the olympics, world championships, world cups, and other national and international races. Pwrc also runs a summer camp to recruit and encourage young whitewater paddlerstravel expenses: pwrc coaches travel to national and international training camps and races to coach pwrc athletes. In the summer of 2024, pwrc coaches traveled with members of the us national team to europe for junior and u23 world championships in liptovsky mikulas, slovakia. In the us, pwrc coaches coached groups at us team trials in montgomery, al and Oklahoma city; at us national championships in charlotte, nc; and at one training camp in montgomery, al.
Operating model
- Revenue model
- Earned-program. 81% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 20
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.1%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -59.8%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.64; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 15.7%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 11.9% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: -2% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -6% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $155K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.