SPEEDWAY POST 500 INC (EIN 356076969) - 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

1946

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SPEEDWAY POST 500 INC, founded in 1946, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 9% surplus.

Mission

PERPETUATE THE IDEALS OF THE AMERICAN LEGION, INCLUDING UPHOLDING AND DEFENDING THE CONSTITUTION OF THE UNITED STATES OF AMERCIA, MAINTAINING LAW AND ORDER, FOSTERING AMERICANISM, AND DEVELOPING A SENSE OF OBLIGATION TO THE COMMUNITY, STATE AND NATION

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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 $22,996

Program Service Revenue $1,460,513

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,483,509

Expense Breakdown

Grants Paid $69,007

Salaries & Benefits $326,567

Fundraising Expenses $0

Program Expenses $1,308,950

Other Expenses $945,261

TOTAL EXPENSES $1,349,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,483,509	$1,191,591	+0.2%
Expenses	$1,349,095	$1,057,140	+0.3%
Net Income	$134,414	$134,451	0.0%

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

265

Independent Members

N/A

Employees

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
MIKE FLOREK	TRUSTEE	5.00	Officer	$0	$0	$0
JIM KITE	CHAPLAIN	5.00	Officer	$0	$0	$0
STEVEN TANSEL	COMMANDER	5.00	Officer	$0	$0	$0
ROCHELLE DUNBAR	SERVICE OFFICER	5.00	Officer	$0	$0	$0
STEVE SABO	2ND VICE	5.00	Officer	$0	$0	$0
JOHNETTE LAWSON	1ST VICE	5.00	Officer	$0	$0	$0
JOEY JOYCE	SERGEANT AT ARMS	5.00	Officer	$0	$0	$0
TRISHA STOLE	ADJUTANT	5.00	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
2024	No data	No data	No data	No data
2023	$1,483,509	$1,349,095	$1,011,501	$134,414
2022	$1,191,591	$1,057,140	$865,505	$134,451
2021	$839,468	$743,468	$737,773	$96,000
2020	$715,386	$536,824	$629,951	$178,562
2019	$939,193	$858,094	$406,536	$81,099
2018	$920,905	$820,671	$380,933	$100,234

SPEEDWAY POST 500 INC