RACE TRACK CHAPLAINCY OF AMERICA 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

1972

Legal Domicile

Principal Officer

DAN WAITS

Phone

8594107822

Tax Period

2023-01-01 to 2023-12-31

RACE TRACK CHAPLAINCY OF AMERICA INC, founded in 1972, is a small nonprofit that reported $596K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO MAKE DISCIPLES FOR JESUS CHRIST THROUGH TEACHING, PREACHING, AND MINISTERING TO THE SPIRITUAL, EMOTIONAL, PHYSICAL, SOCIAL, AND EDUCATIONAL NEEDS OF THOSE PERSONS INVOLVED IN ALL ASPECTS OF THE HORSE RACING INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $589,685

PROVIDING CHURCH SERVICES AND CHRISTIAN COUNSELING, PROVIDING FOR SOCIAL AND EDUCATIONAL NEEDS OF PEOPLE LIVING AND WORKING AT THE HORSE RACING TRACKS OF AMERICA.

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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 $579,163

Program Service Revenue $0

Investment Income $9,809

Other Revenue $7,209

TOTAL REVENUE $596,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,295

Fundraising Expenses $0

Program Expenses $589,685

Other Expenses $423,197

TOTAL EXPENSES $654,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$596,181	$532,971	+0.1%
Expenses	$654,492	$477,010	+0.4%
Net Income	$-58,311	$55,961	-2.0%

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

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

$86,116

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN WAITS	EXECUTIVE DIRECTOR	50.00	Director	$66,320	$19,796	$86,116
FRANK LAMB	PRESIDENT	3.00	Officer Director	$0	$0	$0
COREY JOHNSEN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
TONY VALAZZA	SECRETARY	3.00	Officer Director	$0	$0	$0
JOHN SHUMAKER	TREASURER	3.00	Officer Director	$0	$0	$0
ELI HERNANDEZ	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINE STILES	DIRECTOR	3.00	Director	$0	$0	$0
IZZY TREJO	DIRECTOR	3.00	Director	$0	$0	$0
JANET VANBEBBER	DIRECTOR	3.00	Director	$0	$0	$0
RICK HOOPER	DIRECTOR	3.00	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	$596,181	$654,492	$560,073	$-58,311
2022	$532,971	$477,010	$618,001	$55,961
2021	$633,599	$410,386	$567,040	$223,213
2020	$540,988	$445,654	$335,277	$95,334
2019	$401,333	$403,831	$238,746	$-2,498
2018	$439,643	$394,725	$240,041	$44,918

RACE TRACK CHAPLAINCY OF AMERICA INC