MURDOCK AUTO RACING CLUB (EIN 351268371) - 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

1983

Legal Domicile

Principal Officer

FRED CLEGHORN

Phone

8122311120

Tax Period

2024-11-01 to 2025-10-31

MURDOCK AUTO RACING CLUB, founded in 1983, is a micro nonprofit in the Recreation & Sports sector that reported $48K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8K, a strong 17% operating margin.

Mission

LOCAL RACING ENTHUSIASTS ENJOY RACING EVENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,160

Program Service Revenue $0

Investment Income $0

Other Revenue $44,279

TOTAL REVENUE $48,439

Expense Breakdown

Grants Paid $650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,958

Other Expenses $37,271

TOTAL EXPENSES $40,229

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,439	$69,474	-0.3%
Expenses	$40,229	$41,311	0.0%
Net Income	$8,210	$28,163	-0.7%

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

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
RONALD GORRELL	PRESIDENT	20	Officer	$0	$0	$0
BRANT RARDIN	VICE PRESIDENT	20	Officer	$0	$0	$0
KIRK EVITTS	TRUSTEE	4	Officer	$0	$0	$0
TERRY JOHN	TREASURER	20	Officer	$0	$0	$0
BRIAN BENSLEY	SECRETARY	4	Officer	$0	$0	$0
JACK QUINN	TRUSTEE	4	Officer	$0	$0	$0
FRED CLEGHORN	TRUSTEE	4	Officer	$0	$0	$0
KENT EVITTS	TRUSTEE	4	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
2025	$48,439	$40,229	$193,845	$8,210
2024	$69,474	$41,311	$185,575	$28,163
2023	$54,879	$45,997	$158,935	$8,882
2022	$63,298	$41,494	$148,878	$21,804

MURDOCK AUTO RACING CLUB