Silver City Junior Motor Sports Association Inc

EIN: 061289890 501(c)(3) Recreation & Sports

Meriden, CT

Total Revenue
$142,104
Total Expenses
$153,794
Total Assets
$78,922
Net Assets
$78,922
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
CT
Tax Period
2023-01-01 to 2023-12-31

Silver City Junior Motor Sports Association Inc, founded in 1958, is a small nonprofit in the Recreation & Sports sector that reported $142K in total revenue in fiscal year 2023.

Mission

The children race 1/4 midget cars on a racetrack. We instill self confidence, racing skills, perserveance, teamwork, social skills and a sense of fair play.

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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 (2023)

Revenue Breakdown

Contributions & Grants $123,585
Program Service Revenue $0
Investment Income $28
Other Revenue $18,491
TOTAL REVENUE $142,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $153,794
Other Expenses $153,794
TOTAL EXPENSES $153,794

Year-over-Year Comparison

2023 2022 Change
Revenue $142,104 N/A N/A
Expenses $153,794 N/A N/A
Net Income $-11,690 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
0
$0
Key Employees
6
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joanna Cavallaro Treasurer 20.00
Officer
$0 $0 $0
Mary Trapp Secretary 25.00
Officer
$0 $0 $0
Wendi Cordova President 10.00
Officer
$0 $0 $0
Christine Chamberland Vice President 7.00
Officer
$0 $0 $0
Tim Henion Race Director 5.00
Key Emp
$0 $0 $0
Daniel Kaminski Open Boare 3.00
Key Emp
$0 $0 $0
Danielle Wasko Open Board 3.00
Key Emp
$0 $0 $0
Rebecca Wilcox Publicity 15.00
Key Emp
$0 $0 $0
Jason Lombardo Tech Director 10.00
Key Emp
$0 $0 $0
Dean Fattibene Safety 5.00
Key Emp
$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 $142,104 $153,794 $78,922 $-11,690
2022 $167,282 $133,664 $90,612 $33,618
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