Tri County Racing Club Inc (EIN 161282561) - 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

1982

Legal Domicile

Principal Officer

William Coffey II

Tax Period

2023-01-01 to 2023-12-31

Tri County Racing Club Inc, founded in 1982, is a small nonprofit that reported $261K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $239K left a modest 8% surplus.

Mission

The Club provides a racing facility and an organized racing program for the pleasures and recreation of members their spouses, dependents and guests.

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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 $10,059

Program Service Revenue $239,487

Investment Income $1

Other Revenue $11,133

TOTAL REVENUE $260,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $238,710

Other Expenses $238,710

TOTAL EXPENSES $238,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,680	$205,497	+0.3%
Expenses	$238,710	$157,278	+0.5%
Net Income	$21,970	$48,219	-0.5%

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

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
Josh Ames	Member at Large	004.00	Director	$0	$0	$0
RJ Kingdollar	Member at Large	004.00	Director	$0	$0	$0
Nick Fauci	Member at Large	004.00	Director	$0	$0	$0
William Coffey II	Treasurer Assistant	004.00	Director	$0	$0	$0
John Singer	Facility Director	004.00	Director	$0	$0	$0
Mike Fauci	President	005.00	Officer	$0	$0	$0
Greg Fraser	Secretary	005.00	Officer	$0	$0	$0
Irene Fink	Vice President	005.00	Officer	$0	$0	$0
Jeff Leusch	Treasurer	010.00	Officer	$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	$260,680	$238,710	$187,813	$21,970
2022	$205,497	$157,278	$165,842	$48,219

Tri County Racing Club Inc