Palmyra Racing Association Inc (EIN 161477370) - 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

1967

Legal Domicile

Principal Officer

Nicole Miller

Phone

5852360060

Tax Period

2024-01-01 to 2024-12-31

Palmyra Racing Association Inc, founded in 1967, is a small nonprofit in the Recreation & Sports sector that reported $260K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $598K represent 28 months of operating reserves.

Mission

To promote, encourage, aid and engage in the art and skill of motorcycling.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $251,686

Investment Income $16

Other Revenue $7,904

TOTAL REVENUE $259,606

Expense Breakdown

Grants Paid $3,521

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,879

Other Expenses $260,220

TOTAL EXPENSES $263,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,606	$221,434	+0.2%
Expenses	$263,741	$173,156	+0.5%
Net Income	$-4,135	$48,278	-1.1%

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
Edward Johanas	President	25.00	Officer Director	$0	$0	$0
Colton Camp	Director	25.00	Director	$0	$0	$0
Alan Delimon	Director	25.00	Director	$0	$0	$0
Jessica Bruch	Secretary	25.00	Officer Director	$0	$0	$0
Nicole Miller	Treasurer	25.00	Officer Director	$0	$0	$0
Christopher Dupree	Director	5.00	Director	$0	$0	$0
Michelle Jones	Director	5.00	Director	$0	$0	$0
Seth Eberhardt	Vice President	25.00	Officer Director	$0	$0	$0
Christopher LaDelfa	Director	5.00	Director	$0	$0	$0
Connor Sleight	Director	5.00	Director	$0	$0	$0
Tyler Jeffers	Director	5.00	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
2025	No data	No data	No data	No data
2024	$259,606	$263,741	$597,908	$-4,135
2023	$221,434	$173,156	$602,043	$48,278
2022	$196,058	$171,400	$553,765	$24,658
2021	$196,038	$160,169	$529,107	$35,869
2020	$245,416	$113,292	$493,238	$132,124

Palmyra Racing Association Inc