VA COMPETITION HARE SCRAMBLE SVC INC

EIN: 208385796 Recreation & Sports

KESWICK, VA

Total Revenue
$375,309
Total Expenses
$422,581
Total Assets
$50,392
Net Assets
$50,392
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
VA
Phone
3216849204
Tax Period
2024-02-01 to 2025-01-31

VA COMPETITION HARE SCRAMBLE SVC INC, founded in 1984, is a small nonprofit in the Recreation & Sports sector that reported $328K in total revenue in fiscal year 2023. Expenses of $284K left a modest 14% surplus.

Mission

THE PRIMARY EXEMPT PURPOSE IS TO ATTEND TO ALL DUTIES ASSOCIATED WITH ORGANIZING AND RUNNING A MOTORCYLE RACING CLUB

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,284
Program Service Revenue $362,025
Investment Income $0
Other Revenue $0
TOTAL REVENUE $375,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $411,587
Other Expenses $422,581
TOTAL EXPENSES $422,581

Year-over-Year Comparison

2024 2023 Change
Revenue $375,309 N/A N/A
Expenses $422,581 N/A N/A
Net Income $-47,272 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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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
9
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
$22,439
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK HONEYCUTT PRESIDENT 2.00
Officer
$11,546 $0 $11,546
RYAN LLOYD VICE PRESIDENT 2.00
Officer
$8,533 $0 $8,533
JESSICA BAKKEN SECRETARY 2.00
Officer
$2,360 $0 $2,360
CARYN HUTCHISON TREASURER 2.00
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
2025 $375,309 $422,581 $50,392 $-47,272
2024 $328,499 $283,512 $97,664 $44,987
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