KNOXVILLE RACING CHARITABLE ORG INC (EIN 391902483) - 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

1986

Legal Domicile

Phone

6418914524

Tax Period

2024-01-01 to 2024-12-31

KNOXVILLE RACING CHARITABLE ORG INC, founded in 1986, is a small nonprofit in the Health Care sector that reported $172K in total revenue in fiscal year 2024. Expenses of $217K exceeded revenue, resulting in a 27% operating deficit.

Mission

ASSISTANCE TO RACE CAR DRIVERS AND PROMOTION OF RACE SAFETY.

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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 $42,082

Program Service Revenue $0

Investment Income $270

Other Revenue $129,481

TOTAL REVENUE $171,833

Expense Breakdown

Grants Paid $135,081

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,744

Other Expenses $82,406

TOTAL EXPENSES $217,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,833	N/A	N/A
Expenses	$217,487	N/A	N/A
Net Income	$-45,654	N/A	N/A

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

N/A

Employees

N/A

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
DENISE EMAL	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
LISA SEDDON	TREASURER	2.00	Officer Director	$0	$0	$0
PATTY VAN HAAFTEN	SECRETARY	1.00	Officer Director	$0	$0	$0
BROOKE NOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
GENNIFER BACH	BOARD MEMBER	1.00		$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	No data	No data	No data	No data
2024	$171,833	$217,487	$75,208	$-45,654
2023	$172,654	$227,504	$120,652	$-54,850
2022	$165,206	$148,650	$175,502	$16,556
2021	$135,192	$43,610	$160,309	$91,582
2020	$80,926	$104,170	$68,727	$-23,244
2019	$139,045	$104,547	$91,970	$34,498

KNOXVILLE RACING CHARITABLE ORG INC