FAST TRACK CYCLING (EIN 300421279) - 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

Brett Davis

Tax Period

2023-01-01 to 2023-12-31

FAST TRACK CYCLING, founded in 2007, is a micro nonprofit in the Recreation & Sports sector that reported $27K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $30K exceeded revenue, resulting in a 10% operating deficit.

Mission

To raise funding for and to develop, promote, and sustain the operations of a velodrome in the Cleveland OH region. Promote youth cycling development and community based education.

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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 $17,016

Program Service Revenue $10,133

Investment Income $0

Other Revenue $0

TOTAL REVENUE $27,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,975

Other Expenses $29,975

TOTAL EXPENSES $29,975

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,149	$14,852	+0.8%
Expenses	$29,975	$15,048	+1.0%
Net Income	$-2,826	$-196	+13.4%

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
Paul Martin	Trustee	1.00	Director	$0	$0	$0
Connie Carr	Trustee	1.00	Director	$0	$0	$0
Fred Monago	Trustee	1.00	Director	$0	$0	$0
Nancy Lyon Stadler	Trustee	1.00	Director	$0	$0	$0
Peter Gutierrez	Trustee	1.00	Director	$0	$0	$0
Thomas J Hlavaty	Trustee	1.00	Director	$0	$0	$0
Kara Carter	Trustee	1.00	Director	$0	$0	$0
Brett Davis	Treasurer	5.00	Officer	$0	$0	$0
Gary Burkholder	Vice President	1.00	Officer	$0	$0	$0
Matt Litzler	President	1.00	Officer	$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	$27,149	$29,975	$7,329	$-2,826
2022	$14,852	$15,048	$10,155	$-196
2021	$19,737	$13,295	$10,351	$6,442
2020	$16,542	$21,097	$3,909	$-4,555
2019	$17,109	$33,805	$8,464	$-16,696
2018	$38,513	$75,634	$25,160	$-37,121

FAST TRACK CYCLING