BMW CAR CLUB OF AMERICA FOUNDATION (EIN 030437428) - 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

2002

Legal Domicile

Principal Officer

BRUCE SMITH

Phone

8643291919

Tax Period

2023-01-01 to 2023-12-31

BMW CAR CLUB OF AMERICA FOUNDATION, founded in 2002, is a small nonprofit in the Education sector that reported $820K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO BE A SIGNIFICANT REPOSITORY OF BMW INFORMATION AND TO FOSTER EDUCATIONAL PROGRAMS FOR THE GENERAL AUTOMOTIVE COMMUNITY.

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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 $610,283

Program Service Revenue $177,518

Investment Income $5,234

Other Revenue $27,331

TOTAL REVENUE $820,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $113,375

Program Expenses $795,336

Other Expenses $1,043,184

TOTAL EXPENSES $1,043,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$820,366	$1,208,102	-0.3%
Expenses	$1,043,184	$1,065,975	0.0%
Net Income	$-222,818	$142,127	-2.6%

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

N/A

Volunteers

150

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
LANCE WHITE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
LOUIS GOLDSMAN	TREASURER	10.00	Officer Director	$0	$0	$0
BRUCE SMITH	PRESIDENT	10.00	Officer Director	$0	$0	$0
ERIK WENSBERG	TRUSTEE	2.00	Officer Director	$0	$0	$0
BRUCE HAZARD	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT HUGHES	TRUSTEE	2.00	Director	$0	$0	$0
DR LEO NEWLAND	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT BLAZEY	SECRETARY	5.00	Director	$0	$0	$0
GORDON MEDENICA	TRUSTEE	2.00	Director	$0	$0	$0
PETER GLEESON	TRUSTEE	2.00	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	No data	No data	No data	No data
2023	$820,366	$1,043,184	$1,630,341	$-222,818
2022	$1,208,102	$1,065,975	$1,554,033	$142,127
2021	$675,287	$823,399	$1,413,546	$-148,112
2020	$907,483	$906,656	$1,568,131	$827
2019	$933,514	$1,309,723	$1,706,213	$-376,209
2018	$1,297,378	$1,353,764	$2,070,095	$-56,386

BMW CAR CLUB OF AMERICA FOUNDATION