FERRARI OWNERS CHARITABLE FOUNDATION (EIN 274500443) - 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

2013

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FERRARI OWNERS CHARITABLE FOUNDATION, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $188K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION CONDUCTS AN ANNUAL CHARITY CAR RALLY. OPERATING EXPENSES ARE PAID FROM REVENUES; NET PROCEEDS ARE DONATED TO A CHARITY SELECTED ANNUALLY BY THE BOARD OF DIRECTORS.

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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 $364,790

Program Service Revenue $0

Investment Income $93

Other Revenue $-176,866

TOTAL REVENUE $188,017

Expense Breakdown

Grants Paid $170,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,000

Other Expenses $21,432

TOTAL EXPENSES $191,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,017	$300,923	-0.4%
Expenses	$191,432	$297,526	-0.4%
Net Income	$-3,415	$3,397	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KONSTANTINA CHILINGIROVA	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY ABDULMASSIH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHY DONATI	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLOS FORTE	BOARD MEMBER	1.00	Director	$0	$0	$0
LEN ELY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY PETERESON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMON FOCARACCI	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN WHITEHEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS DOLAN	TREASURER	1.00	Officer Director	$0	$0	$0
LANCE DUBLIN	PRESIDENT & CHAIRMAN	1.00	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
2023	$188,017	$191,432	$109,943	$-3,415
2022	$300,923	$297,526	$109,413	$3,397
2021	$308,241	$251,394	$109,043	$56,847
2020	$42,018	$59,120	$50,689	$-17,102
2019	$421,701	$432,985	$66,287	$-11,284
2018	$285,309	$279,821	$77,571	$5,488

FERRARI OWNERS CHARITABLE FOUNDATION