VA COMPETITION HARE SCRAMBLE SVC I… - Form 990 Financial Data

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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

1984

Legal Domicile

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 $375K in total revenue in fiscal year 2024. Expenses of $423K exceeded revenue, resulting in a 13% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $278,187 Revenue: $333,626

ATTENDING TO DUTIES ASSOCIATED WITH HOLDING RACES THROUGHOUT THE YEAR. REVENUE INCLUDES COMPCARD SALES FOR RACING PARTICIPATION AND SALES OF MERCHANDISE. EXPENSES INCLUDE SUPPLIES, AWARDS, CONTRACT...

Program 2

Expenses: $133,400 Revenue: $41,683

BANQUET HELD ANNUALLY TO ACKNOWLEDGE WORK DONE THROUGHOUT THE YEAR AS WELL AS TO CELEBRATE ACHEIVEMENTS OF THE CLUB PARTICIPANTS.

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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 $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

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

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

$22,439

Total Directors

Key Employees

Highest Compensated

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

VA COMPETITION HARE SCRAMBLE SVC INC