THE RACE INC (EIN 208693674) - 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

2007

Legal Domicile

Principal Officer

PATTI BERNS

Phone

2164680055

Tax Period

2023-01-01 to 2023-12-31

THE RACE INC, founded in 2007, is a small nonprofit in the Diseases & Disorders sector that reported $457K in total revenue in fiscal year 2023. Revenue surged 5598% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 28% operating margin.

Mission

TO RAISE AND CONTRIBUTE FUNDS FOR THE PURPOSE OF SUPPORTING CANCER RESEARCH AND AWARENESS AND/OR PROVIDING SUPPORT FOR CANCER PATIENTS OR SURVIVORS.

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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 $457,330

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $457,330

Expense Breakdown

Grants Paid $324,939

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $324,939

Other Expenses $2,653

TOTAL EXPENSES $327,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$457,330	$8,026	+56.0%
Expenses	$327,592	$4,126	+78.4%
Net Income	$129,738	$3,900	+32.3%

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
PATTI BERNS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JONATHAN BERNS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
EDWARD SCHWARTZ	SECRETARY & TREASURER	2.00	Officer 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	$457,330	$327,592	$141,537	$129,738

THE RACE INC