INTERNATIONAL 500 PROJECT INC (EIN 382262341) - 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

1980

Legal Domicile

Principal Officer

DAVE THOMAS

Phone

9066305497

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL 500 PROJECT INC, founded in 1980, is a small nonprofit in the Recreation & Sports sector that reported $515K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $469K left a modest 9% surplus.

Mission

THE OBJECTIVE OF THE ORGANIZATION SHALL BE TO PROMOTE THE SPORT OF SNOWMOBILING BY ORGANIZING AND PROMOTION OF A MAJOR LONG DISTANCE SNOWMOBILE RACE IN SAULT STE MARIE, MICHIGAN.

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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 $3,667

Program Service Revenue $467,085

Investment Income $1,554

Other Revenue $43,079

TOTAL REVENUE $515,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $466,357

Other Expenses $469,494

TOTAL EXPENSES $469,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$515,385	$472,087	+0.1%
Expenses	$469,494	$437,115	+0.1%
Net Income	$45,891	$34,972	+0.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

250

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
RAY BELL	BOARD MEMBER	N/A	Director	$0	$0	$0
DAN BUHRO	CO-CHAIR	N/A	Director	$0	$0	$0
SCOTT DRZEWIECKI	BOARD MEMBER	N/A	Director	$0	$0	$0
RIC FEDERAU	GENERAL CHAI	N/A	Director	$0	$0	$0
WES JOURDEN	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES KAY	BOARD MEMBER	N/A	Director	$0	$0	$0
BRENT KOHN	BOARD MEMBER	N/A	Director	$0	$0	$0
RYAN KOSTANOWICZ	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVE THOMAS	TREASURER &	N/A	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
2025	$515,385	$469,494	$449,988	$45,891
2024	$472,087	$437,115	$428,259	$34,972
2023	$423,461	$357,631	$395,695	$65,830
2022	$361,876	$284,564	$300,874	$77,312
2021	$22,874	$63,866	$336,052	$-40,992

INTERNATIONAL 500 PROJECT INC