RACING FOR CANCER INC (EIN 272920069) - 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

2010

Legal Domicile

Principal Officer

THOMAS E VOSSMAN

Phone

6365412271

Tax Period

2024-01-01 to 2024-12-31

RACING FOR CANCER INC, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $126K in total revenue in fiscal year 2024. The organization ran a surplus of $83K, a strong 66% operating margin.

Mission

RACING FOR CANCER SUPPORTS VARIOUS INITIATIVES AND PROGRAMS IN THE GLOBAL FIGHT AGAINST CANCER PRIMARILY SUPPORTING (1) EARLY DETECTION AND PREVENTION AND/OR (2) CHILDHOOD/PEDIATRIC CANCER PROGRAMS, AND (3) PROGRAMS SUPPORTING STUDENTS SEEKING CAREERS IN ONCOLOGY NURSING.

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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 $136,469

Program Service Revenue $0

Investment Income $0

Other Revenue $-10,658

TOTAL REVENUE $125,811

Expense Breakdown

Grants Paid $36,493

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,493

Other Expenses $5,924

TOTAL EXPENSES $42,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,811	$-46,847	-3.7%
Expenses	$42,417	$48,007	-0.1%
Net Income	$83,394	$-94,854	-1.9%

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
THOMAS E VOSSMAN	CHAIRMAN AND PRESIDENT	5.00	Officer Director	$0	$0	$0
ALLISON AUMAN	DIRECTOR	1.00	Director	$0	$0	$0
SARA CALLARI	DIRECTOR	2.00	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	$125,811	$42,417	$211,070	$83,394
2023	$-46,847	$48,007	$128,194	$-94,854
2022	$95,792	$99,679	$223,048	$-3,887
2021	$79,598	$75,543	$226,935	$4,055
2020	$46,346	$28,477	$222,880	$17,869

RACING FOR CANCER INC