TBC-RACING INC (EIN 372028644) - 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

2022

Legal Domicile

Phone

7035977690

Tax Period

2024-01-01 to 2024-12-31

TBC-RACING INC, founded in 2022, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TBC-RACING IS A VOLUNTEER DIRECTED, NONPROFIT, EDUCATIONAL ORGANIZATION OFFERING ROWING INSTRUCTION TO PEOPLE OF ALL AGES, INCOME AND LEVELS OF PHYSICAL ABILITY. IT SHALL SUPPORT AND PROVIDE ACCESS TO AMATEUR ROWING PROGRAMS IN THE METROPOLITAN WASHINGTON, DC AREA.

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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 $61,060

Program Service Revenue $1,365,795

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,426,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,836

Fundraising Expenses $0

Program Expenses $1,405,436

Other Expenses $1,176,600

TOTAL EXPENSES $1,405,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,426,855	$1,212,086	+0.2%
Expenses	$1,405,436	$1,175,759	+0.2%
Net Income	$21,419	$36,327	-0.4%

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

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

$92,500

Total Directors

$37,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES M RUSSELL	CHAIRMAN	20.00	Officer	$92,500	$0	$92,500
CATHERINE RUSSELL	BOARD MEMBER	5.00	Director	$37,500	$0	$37,500
ELLIOTT LANE	BOARD MEMBER	2.00	Director	$0	$0	$0
KATE ROBERTS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRYAN TYLANDER	BOARD MEMBER	2.00	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
2024	$1,426,855	$1,405,436	$341,965	$21,419
2023	$1,212,086	$1,175,759	$353,116	$36,327
2022	$1,092,665	$950,657	$213,066	$142,008

TBC-RACING INC