RACING FOR RECOVERY (EIN 341965137) - 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

2001

Legal Domicile

Principal Officer

TODD CRANDELL

Phone

4198248462

Tax Period

2023-01-01 to 2023-12-31

RACING FOR RECOVERY, founded in 2001, is a community nonprofit in the Mental Health sector that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $911K, a strong 19% operating margin.

Mission

PREVENT ALL FORMS OF SUBSTANCE ABUSE BY PROMOTING A LIFESTYLE OF FITNESS AND HEALTH FOR ALL THOSE AFFECTED BY ADDICTION.

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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 $8,654

Program Service Revenue $4,817,261

Investment Income $22,417

Other Revenue $37,802

TOTAL REVENUE $4,886,134

Expense Breakdown

Grants Paid $345,946

Salaries & Benefits $1,450,744

Fundraising Expenses $0

Program Expenses $3,354,650

Other Expenses $2,178,280

TOTAL EXPENSES $3,974,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,886,134	$3,180,630	+0.5%
Expenses	$3,974,970	$3,947,819	+0.0%
Net Income	$911,164	$-767,189	-2.2%

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

N/A

Employees

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

$165,064

Total Directors

$277,244

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD CRANDELL	FOUNDER & PRESIDENT	40.00	Officer Director	$157,346	$7,718	$165,064
SKYLAR CRANDELL	ADVISORY BOARD	1.00	Director	$51,385	$1,317	$52,702
HELENE DAUM	ADVISORY BOARD	1.00	Director	$51,760	$7,718	$59,478

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	$4,886,134	$3,974,970	$3,755,216	$911,164
2022	$3,180,630	$3,947,819	$2,742,042	$-767,189
2021	$4,695,442	$3,347,438	$2,505,558	$1,348,004
2020	$3,475,633	$2,789,129	$1,276,333	$686,504
2019	$2,110,398	$1,984,585	$455,930	$125,813
2018	$911,537	$819,787	$271,323	$91,750

RACING FOR RECOVERY