FERRARI CLUB OF AMERICA INC (EIN 237380095) - 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

1962

Legal Domicile

Principal Officer

BELINDA STEYER

Tax Period

2023-01-01 to 2023-12-31

FERRARI CLUB OF AMERICA INC, founded in 1962, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Expenses of $3.4M left a modest 9% surplus.

Mission

THE FERRARI CLUB OF AMERICA IS A SOCIAL ORGANIZATION IN NORTH AMERICA FOR OWNERS AND NON-OWNERS OF FERRARIS TO TAKE PART IN SOCIAL EVENTS. THE EVENTS INCLUDE RACE TRACK OPPORTUNITIES , WEEKEND TOURS , DINNERS AND OTHER RELATED VEHICLE EVENTS FOR FERRARI OWNERS TO GATHER, SHARE CAR STORIES , AND LEARN ABOUT TECHNICAL ASPECTS OF FERRARIS. THE CLUB ALSO PUBLISHES A MONTHLY NEWSLETTER AND QUARTERLY MAGAZINE WITH INFORMATION SPECIFIC TO FERRARIS.

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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 $0

Program Service Revenue $3,786,599

Investment Income $791

Other Revenue $0

TOTAL REVENUE $3,787,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,926

Fundraising Expenses $0

Other Expenses $3,185,121

TOTAL EXPENSES $3,432,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,787,390	$3,624,539	+0.0%
Expenses	$3,432,047	$3,452,039	0.0%
Net Income	$355,343	$172,500	+1.1%

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

7050

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

$98,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MEEK	BOARD CHAIRMAN	2.00	Director	$0	$0	$0
TOM O'RIORDAN	PRESIDENT	2.00	Director	$0	$0	$0
RANDY STEYER	VICE PRESIDENT	2.00	Director	$0	$0	$0
FRANK ESPINA	TREASURER	2.00	Director	$0	$0	$0
STEVE FORDHAM	SECRETARY	2.00	Director	$0	$0	$0
BELINDA STEYER	EXECUTIVE DIRECTOR	40.00	Officer	$98,800	$0	$98,800

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,787,390	$3,432,047	$2,625,497	$355,343
2022	$3,624,539	$3,452,039	$2,203,282	$172,500
2021	$3,425,726	$3,198,237	$2,020,221	$227,489
2020	$1,593,875	$1,606,078	$1,840,100	$-12,203
2019	$3,449,535	$3,374,011	$1,857,656	$75,524
2018	$2,776,643	$2,898,396	$1,815,654	$-121,753

FERRARI CLUB OF AMERICA INC