Terre Haute Quarter Midget Association (EIN 351914054) - 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

Phone

8128418024

Tax Period

2025-01-01 to 2025-12-31

Terre Haute Quarter Midget Association is a small nonprofit in the Recreation & Sports sector that reported $116K in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $174K exceeded revenue, resulting in a 50% operating deficit.

Mission

Provide a recreational racing league for children ages 5-16 in the Wabash Valley area to teach pride, responsibility, and accomplishment.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $102,033

Investment Income $14,122

Other Revenue $0

TOTAL REVENUE $116,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,444

Other Expenses $173,826

TOTAL EXPENSES $173,826

Year-over-Year Comparison

	2025	2024	Change
Revenue	$116,155	$88,767	+0.3%
Expenses	$173,826	$120,390	+0.4%
Net Income	$-57,671	$-31,623	+0.8%

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
TIM WATERMAN	President	5.00	Director	$0	$0	$0
ASHLEY WOOD	Secretary	5.00	Director	$0	$0	$0
KAYLA GOBIN	Treasurer	5.00	Director	$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	$116,155	$173,826	$2,599,141	$-57,671
2024	$88,767	$120,390	$2,656,812	$-31,623
2023	$62,244	$162,509	$2,688,435	$-100,265
2022	$93,997	$142,289	$2,788,701	$-48,292
2021	$123,864	$160,521	$2,974,440	$-36,657
2020	$61,239	$143,223	$2,974,440	$-81,984
2019	$126,784	$195,257	$2,974,440	$-68,473
2018	$108,778	$79,276	$2,974,440	$29,502

Terre Haute Quarter Midget Association