RACING FOR KIDS C/O J PATRICK WRIGHT (EIN 383457448) - 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

1999

Legal Domicile

Principal Officer

J PATRICK WRIGHT

Phone

3138823403

Tax Period

2023-01-01 to 2023-12-31

RACING FOR KIDS C/O J PATRICK WRIGHT, founded in 1999, is a small nonprofit in the Health Care sector that reported $249K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $290K exceeded revenue, resulting in a 16% operating deficit.

Mission

USING MOTORSPORTS TO CALL ATTENTION TO HEALTH CARE NEEDS OF CHILDREN

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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 $201,580

Program Service Revenue $0

Investment Income $0

Other Revenue $47,594

TOTAL REVENUE $249,174

Expense Breakdown

Grants Paid $55,065

Salaries & Benefits $91,637

Fundraising Expenses $66,771

Program Expenses $107,049

Other Expenses $143,192

TOTAL EXPENSES $289,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,174	$437,286	-0.4%
Expenses	$289,894	$391,844	-0.3%
Net Income	$-40,720	$45,442	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM W PINSKY MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT P BUHL	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
J PATRICK WRIGHT	TREAS, SECY, EXEC DIR	30.00	Officer 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	No data	No data	No data	No data
2023	$249,174	$289,894	$184,863	$-40,720
2022	$437,286	$391,844	$203,478	$45,442
2021	$396,305	$333,724	$157,956	$62,581
2020	$220,496	$218,817	$95,970	$1,679
2019	$455,144	$423,231	$94,533	$31,913
2018	$391,686	$407,733	$63,012	$-16,047

RACING FOR KIDS C/O J PATRICK WRIGHT