INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC

EIN: 356013771 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$42,558,276
Total Expenses
$6,556,260
Total Assets
$65,144,724
Net Assets
$63,697,620
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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
1957
Legal Domicile
IN
Phone
3174925704
Tax Period
2023-01-01 to 2023-12-31

INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC, founded in 1957, is a mid-sized nonprofit that reported $42.6M in total revenue in fiscal year 2023. Revenue surged 161% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36.0M, a strong 85% operating margin.

Mission

TO CELEBRATE THE INNOVATION, THRILL, AND CULTURAL SIGNIFICANCE OF RACING AT THE INDIANAPOLIS MOTOR SPEEDWAY AND PRESERVE THE HISTORY BEHIND THE INDPLS MOTOR SPEEDWAY AND INDPLS 500.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,397,287
Program Service Revenue $3,002,257
Investment Income $10,820
Other Revenue $147,912
TOTAL REVENUE $42,558,276

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,067,945
Fundraising Expenses $484,782
Program Expenses $3,914,351
Other Expenses $3,488,315
TOTAL EXPENSES $6,556,260

Year-over-Year Comparison

2023 2022 Change
Revenue $42,558,276 $16,312,669 +1.6%
Expenses $6,556,260 $5,445,718 +0.2%
Net Income $36,002,016 $10,866,951 +2.3%
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

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Governance

Voting Members
14
Independent Members
12
Employees
129
Volunteers
30

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
5
$555,914
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER & DIRECTOR 2.0
Officer Director
$0 $0 $0
N/A SECRETARY AND DIRECTOR 0.5
Officer Director
$0 $0 $0
N/A CHAIR AND DIRECTOR 0.5
Officer Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A PRESIDENT 40.0
Officer
$398,129 $15,354 $413,483
N/A DIRECTOR OF FINANCE 40.0
Officer
$114,102 $28,329 $142,431
N/A VP OF ADVANCEMENT 40.0
Highest
$120,471 $7,793 $128,264
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 $42,558,276 $6,556,260 $65,144,724 $36,002,016
2022 $16,312,669 $5,445,718 $27,846,137 $10,866,951
2021 $5,744,241 $4,120,757 $10,260,560 $1,623,484
2020 $4,708,335 $3,509,095 $7,132,784 $1,199,240
2019 $5,192,899 $4,314,592 $6,460,472 $878,307
2018 $2,912,398 $3,003,921 $4,318,788 $-91,523
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