To my knowledge, the Notch Card is loaded with a Smuggs Pass for the dates of your stay only.
You can reuse the Notch Card (RFID) and reload it year after year and even load your alpine ski tickets onto it in winter (thereby eliminating the $5 per card fee), but if you just show up for the day and try and use it, I believe you will be SOL.
Does anyone know if when you purchase a one-day lift ticket in winter, you have access to the pools and FunZone 2.0 for that day...I seem to remember that you did if you had a lift ticket but now that Smuggs uses the RFID technology, I am not sure if that still works...
Cheers!