Marianas Racing Association (EIN 204859523) - 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

David J Burger

Phone

6702358722

Tax Period

2023-01-01 to 2023-12-31

Marianas Racing Association, founded in 2002, is a micro nonprofit in the Recreation & Sports sector that reported $20K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 204% operating deficit.

Mission

MRA actively promotes motorsports in the CNMI. MRA held a series of monthly points races in 2023, and hosted nearly 40 racers from the neighboring island of Guam and other countries in November 2023.

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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 $19,651

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $19,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,052

Other Expenses $59,677

TOTAL EXPENSES $59,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,651	$97,465	-0.8%
Expenses	$59,677	$74,236	-0.2%
Net Income	$-40,026	$23,229	-2.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles V Cepeda	President	002.00	Officer Director	$0	$0	$0
Justis Alvarez	Vice President	002.00	Officer Director	$0	$0	$0
Eleanor Cepeda	Secretary	001.00	Officer Director	$0	$0	$0
David J Burger	Treasurer	001.00	Officer Director	$0	$0	$0
Bridget Camacho	Board Member	002.00	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	$19,651	$59,677	$17,207	$-40,026
2022	$97,465	$74,236	$39,797	$23,229

Marianas Racing Association