AKRON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INTERNATIONAL SOAP BOX DERBY INC, founded in 1974, is a community nonprofit in the Youth Development sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 23% operating deficit.
THE INTERNATIONAL SOAP BOX DERBY IS A NON-PROFIT YOUTH EDUCATION AND LEADERSHIP DEVELOPMENT ORGANIZATION WHOSE MISSION IS TO BUILD KNOWLEDGE AND CHARACTER, AND TO CREATE MEANINGFUL EXPERIENCES THROUGH FAIR AND HONEST RACING COMPETITIONS, STEM CURRICULUMS, AND OTHER COMMUNITY-FOCUSED ACTIVITIES. OUR CORE VALUES INCLUDE YOUTH EDUCATION AND LEADERSHIP DEVELOPMENT; FAMILY ENGAGEMENT AND ENRICHMENT; HONESTY, INTEGRITY AND PERSEVERANCE; INNOVATION AND ENTREPRENEURSHIP; TEAMWORK AND COLLABORATION; MENTORING; VOLUNTEERISM; AND COMMITMENT TO COMMUNITY.
FIRSTENERGY ALL-AMERICAN SOAP BOX DERBY RACING PROGRAM:THE FIRSTENERGY ALL-AMERICAN SOAP BOX DERBY (AASBD) IS THE INTERNATIONAL SOAP BOX DERBY'S (ISBD) SIGNATURE ANNUAL EVENT, DRAWING OVER 300 YOUTH...
FIRSTENERGY ALL-AMERICAN SOAP BOX DERBY RACING PROGRAM:THE FIRSTENERGY ALL-AMERICAN SOAP BOX DERBY (AASBD) IS THE INTERNATIONAL SOAP BOX DERBY'S (ISBD) SIGNATURE ANNUAL EVENT, DRAWING OVER 300 YOUTH CHAMPIONS FROM ACROSS THE UNITED STATES, CANADA, AND JAPAN TO AKRON, OHIO. PARTICIPANTS QUALIFY BY COMPETING IN MORE THAN 1,300 SANCTIONED LOCAL AND RALLY RACES HELD ANNUALLY IN NEARLY 90 RACE CITIES WORLDWIDE. RACERS COMPETE IN THREE DIVISIONS: STOCK, SUPER STOCK, AND MASTERS. THE AASBD WORLD CHAMPIONSHIP RACE TAKES PLACE ON THE HISTORIC DERBY DOWNS TRACK, A WPA-ERA FACILITY MAINTAINED BY THE ORGANIZATION. THIS WEEK-LONG CHAMPIONSHIP PROMOTES YOUTH DEVELOPMENT, STEM LEARNING, INTERNATIONAL GOODWILL, FAMILY BONDING, AND COMMUNITY ENGAGEMENT.
RETAIL STORE OPERATIONS SUPPORTING RACING AND EDUCATIONISBD OPERATES A NATIONAL RETAIL STORE TO PROVIDE ESSENTIAL EQUIPMENT AND MATERIALS FOR ITS RACING AND EDUCATIONAL PROGRAMS. THE STORE OFFERS...
RETAIL STORE OPERATIONS SUPPORTING RACING AND EDUCATIONISBD OPERATES A NATIONAL RETAIL STORE TO PROVIDE ESSENTIAL EQUIPMENT AND MATERIALS FOR ITS RACING AND EDUCATIONAL PROGRAMS. THE STORE OFFERS OFFICIAL SOAP BOX DERBY CAR KITS, PARTS, TOOLS, AND ACCESSORIES FOR PARTICIPATION IN DIVISIONS INCLUDING STOCK, SUPER STOCK, MASTERS, LEGACY, AND THE CORPORATE DERBY CHALLENGE. THESE STANDARDIZED SUPPLIES PROMOTE SAFETY, EQUITY, AND ACCESSIBILITY FOR YOUTH AND EDUCATORS NATIONWIDE.THE STORE ALSO DISTRIBUTES STEM-ALIGNED CLASSROOM KITS AND EDUCATIONAL TOOLS THAT SUPPORT THE ORGANIZATION'S CURRICULUM-BASED PROGRAMS. THESE RESOURCES HELP EXPAND THE REACH OF DERBY-BASED LEARNING IN SCHOOLS AND COMMUNITY SETTINGS. REVENUE GENERATED FROM THE STORE HAS BEEN REINVESTED DIRECTLY INTO ISBD'S RACING, EDUCATION, AND OUTREACH PROGRAMS TO HELP ENSURE LONG-TERM PROGRAM SUSTAINABILITY AND MISSION DELIVERY.
STEM-BASED EDUCATION PROGRAM:THE INTERNATIONAL SOAP BOX DERBY (ISBD) DELIVERS EXPERIENTIAL STEM EDUCATION FOR K12 STUDENTS THROUGH CLASSROOM PROGRAMS, EXTRACURRICULAR ACTIVITIES, AND HANDS-ON SUMMER...
STEM-BASED EDUCATION PROGRAM:THE INTERNATIONAL SOAP BOX DERBY (ISBD) DELIVERS EXPERIENTIAL STEM EDUCATION FOR K12 STUDENTS THROUGH CLASSROOM PROGRAMS, EXTRACURRICULAR ACTIVITIES, AND HANDS-ON SUMMER LEARNING. STUDENTS APPLY SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH CONCEPTS BY DESIGNING, BUILDING, AND RACING BOTH MINI AND FULL-SIZE SOAP BOX DERBY CARS. THE CURRICULUM ALIGNS WITH NATIONAL EDUCATION STANDARDS AND EMPHASIZES TEAMWORK, CREATIVITY, AND REAL-WORLD PROBLEM-SOLVING.KEY COMPONENTS INCLUDE THE GRAVITY RACING CHALLENGE (GRC) STEM TEAM COMPETITION AND THE STEM SUMMER CAMP, BOTH DESIGNED TO ENGAGE STUDENTS IN HANDS-ON LEARNING AND RACING EXPERIENCES. THE GRC TAKES PLACE IN SCHOOLS, YOUTH ORGANIZATIONS, AND AFTER-SCHOOL SETTINGS, ENCOURAGING GROUP COLLABORATION AND INNOVATION THROUGH CAR CONSTRUCTION AND COMPETITION.THE STEM SUMMER CAMP IS A WEEK-LONG IMMERSIVE EXPERIENCE HELD AT DERBY DOWNS FOR YOUTH AGES 8 TO 13. CAMPERS RACE FULL-SIZE SOAP BOX DERBY CARS DAILY, PARTICIPATE IN STEM CHALLENGES, AND BUILD, DECORATE, AND RACE THEIR OWN MINI SOAP BOX DERBY CARS, WHICH THEY TAKE HOME AT THE END OF THE PROGRAM. THE CAMP CULMINATES IN A FAMILY DAY CELEBRATION, WHERE PARENTS AND GUESTS ATTEND A MINI CAR AND FULL-SIZE CHAMPIONSHIP RACE TO CHEER ON PARTICIPANTS.ISBD PROVIDES EDUCATIONAL MATERIALS TO SCHOOLS AND NONPROFITS THROUGH GRANTS AND DONATIONS SUPPORTING STEM EDUCATION. THESE PROGRAMS ARE INTENTIONALLY INCLUSIVE, PRIORITIZING ACCESS FOR UNDERSERVED COMMUNITIES. THROUGH THESE INITIATIVES, ISBD FOSTERS EARLY INTEREST IN STEM CAREERS, ENGINEERING CONCEPTS, AND LIFELONG LEARNING BY MAKING SCIENCE FUN AND ENGAGING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,043,948 | $1,195,847 | -0.1% |
| Expenses | $1,280,719 | $1,366,785 | -0.1% |
| Net Income | $-236,771 | $-170,938 | +0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| OLENGER PANNELL | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JILL KOLESAR | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NATE SARGENT | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BETHANY LAWRENCE | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREGORY BEAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BILL FORQUER | BOARD MEMBER (BEGAN 04/2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| ROB GERBERRY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JAY GRIFFITH | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JESSE HURST | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOLENE LANE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| EUFRANCIA LASH | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHELE TOMER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BRET TREIER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DENNIS VANFOSSEN JR | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA WAGNER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DARRAN WIMER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT TAYLOR | PRESIDENT & CEO | 40.00 |
Officer
|
$45,000 | $0 | $45,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,043,948 | $1,280,719 | $2,483,312 | $-236,771 |
| 2023 | $1,195,847 | $1,366,785 | $2,663,551 | $-170,938 |
| 2022 | $1,518,740 | $1,381,232 | $2,843,199 | $137,508 |
| 2021 | $1,585,780 | $1,204,747 | $2,749,367 | $381,033 |
| 2020 | $851,904 | $1,073,880 | $2,653,070 | $-221,976 |
| 2019 | $1,555,595 | $1,496,276 | $2,679,649 | $59,319 |
| 2018 | $1,406,305 | $1,523,569 | $2,686,085 | $-117,264 |
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