THE BENEVOLENT FUND OF MOTORSPORTS INC (EIN 351989273) - 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

1997

Legal Domicile

Principal Officer

MATTHEW WELTY

Phone

3172588363

Tax Period

2022-01-01 to 2022-12-31

THE BENEVOLENT FUND OF MOTORSPORTS INC, founded in 1997, is a micro nonprofit in the Human Services sector that reported $9K in total revenue in fiscal year 2022. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $57K exceeded revenue, resulting in a 499% operating deficit.

Mission

TO PROVIDE CHARITY AND FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES WHO HAVE PARTICIPATED IN MOTOR SPORTS WHO ARE IN NEED DUE TO DEATH, INJURY OR ILLNESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,686

Program Service Revenue $0

Investment Income $6,796

Other Revenue $0

TOTAL REVENUE $9,482

Expense Breakdown

Grants Paid $25,650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,000

Other Expenses $31,106

TOTAL EXPENSES $56,756

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,482	$130,550	-0.9%
Expenses	$56,756	$30,846	+0.8%
Net Income	$-47,274	$99,704	-1.5%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER CARPENTER	PRESIDENT	0.50	Officer Director	$0	$0	$0
MEGAN KRISILOFF	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
MELINDA HULL	SECRETARY	0.50	Officer Director	$0	$0	$0
ELLEN OXLEY	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN BARNHART	DIRECTOR	0.50	Director	$0	$0	$0
NINA RAY	DIRECTOR	0.50	Director	$0	$0	$0
HENRY FOYER	DIRECTOR	0.50	Director	$0	$0	$0
RUTHIE FORBES	DIRECTOR	0.50	Director	$0	$0	$0
BECKY HUNTER-REAY	DIRECTOR	0.50	Director	$0	$0	$0
BRYAN BABB	DIRECTOR	0.50	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
2022	$9,482	$56,756	$436,986	$-47,274
2021	$130,550	$30,846	$553,366	$99,704
2020	$13,277	$79,583	$506,228	$-66,306
2019	$62,120	$88,270	$540,006	$-26,150
2018	$105,631	$84,340	$506,872	$21,291

THE BENEVOLENT FUND OF MOTORSPORTS INC