RACING INDUSTRY CHARITABLE FOUNDATION INC (EIN 363073230) - 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

1979

Legal Domicile

Principal Officer

JIM MILLER

Phone

7083439375

Tax Period

2024-01-01 to 2024-12-31

RACING INDUSTRY CHARITABLE FOUNDATION INC, founded in 1979, is a small nonprofit that reported $810K in total revenue in fiscal year 2024.

Mission

PROVIDE MEDICAL, DENTAL, MENTAL AND SOCIAL SERVICES TO HORSE CARE WORKERS AT ILLINOIS RACE TRACKS

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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 $805,775

Program Service Revenue $4,490

Investment Income $0

Other Revenue $0

TOTAL REVENUE $810,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $503,732

Fundraising Expenses $0

Program Expenses $680,873

Other Expenses $292,168

TOTAL EXPENSES $795,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$810,265	$773,840	+0.0%
Expenses	$795,900	$740,362	+0.1%
Net Income	$14,365	$33,478	-0.6%

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

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

$124,702

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MILLER	PRESIDENT	3.00	Officer Director	$0	$0	$0
VINCE GABBARD	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
CHRISTINA VITONE	SECRETARY	0.20	Officer Director	$0	$0	$0
JOHN WALSH	TREASURER	3.00	Officer Director	$0	$0	$0
TIM BECKER	DIRECTOR	0.20	Director	$0	$0	$0
PAUL CORONADO	EXECUTIVE DIRECTOR	40.00	Officer	$84,538	$40,164	$124,702

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	$810,265	$795,900	$351,226	$14,365
2023	$773,840	$740,362	$341,990	$33,478
2022	$766,664	$767,316	$345,384	$-652
2021	$771,214	$740,225	$379,169	$30,989
2020	$776,494	$724,895	$389,682	$51,599
2019	$868,740	$790,176	$322,773	$78,564
2018	$766,379	$805,321	$137,372	$-38,942

RACING INDUSTRY CHARITABLE FOUNDATION INC