WKA ASSOCIATION (EIN 310810666) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Tax Period

2023-12-01 to 2024-11-30

WKA ASSOCIATION, founded in 1985, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

TO PROVIDE A SAFE, FAIR, CONSISTENT, FUN, AND AFFORDABLE ENVIRONMENT FOR THE BEGINNER, HOBBYIST, AND FUTURE STARS OF MOTORSPORTS TO FULFILL THEIR RACING DREAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,875

Program Service Revenue $1,325,463

Investment Income $140

Other Revenue $1,357

TOTAL REVENUE $1,351,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,253

Fundraising Expenses $0

Program Expenses $1,245,367

Other Expenses $1,326,733

TOTAL EXPENSES $1,353,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,351,835	$1,629,619	-0.2%
Expenses	$1,353,986	$1,641,900	-0.2%
Net Income	$-2,151	$-12,281	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
Scott Sanders	District 5 Trustee	2.00	Director	$0	$0	$0
Todd Brown	District 4 Trustee	2.00	Director	$0	$0	$0
Chuck Gafrarar	District 3 Trustee	2.00	Director	$0	$0	$0
Jerry White	District 8 Trustee	2.00	Director	$0	$0	$0
Dale Swartz Jr	District 7 Trustee	2.00	Director	$0	$0	$0
Pat Slattery	District 6 Trustee	2.00	Director	$0	$0	$0
Robby Harper	District 2 Trustee	2.00	Director	$0	$0	$0
Scott Sanders	Secretary	5.00	Director	$0	$0	$0
Dale Coffey	District 1 Trustee	2.00	Director	$0	$0	$0
Kevin Williams	President	5.00	Officer	$0	$0	$0
Mike Tretrault	Chairman	5.00	Officer	$0	$0	$0
Chuck Gafrarar	treasurer	2.00	Officer	$0	$0	$0
Robert Harper	Vice President	5.00	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	$1,351,835	$1,353,986	$537,200	$-2,151
2023	$1,629,619	$1,641,900	$550,113	$-12,281
2022	$1,552,440	$1,533,083	$566,349	$19,357
2021	$1,530,529	$1,537,355	$551,594	$-6,826
2020	$1,044,098	$1,147,567	$491,938	$-103,469
2019	$1,255,123	$1,348,113	$485,619	$-92,990
2018	$1,262,178	$1,312,497	$511,358	$-50,319

WKA ASSOCIATION