Kandi Racing Association (EIN 411993665) - 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

Justin Hedtke

Phone

3202951976

Tax Period

2025-01-01 to 2025-12-31

Kandi Racing Association, founded in 1999, is a small nonprofit that reported $297K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

AUTO RACING RECREATION FOR DRIVERS FROM KANDIYOHI COUNTY AND SURROUNDING COMMUNITIES ALONG WITH ENTERTAINMENT FOR RESIDENTS OF WILLMAR AND SURROUNDING COMMUNITITES

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $297,105

Investment Income $0

Other Revenue $0

TOTAL REVENUE $297,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $297,105

TOTAL EXPENSES $297,105

Year-over-Year Comparison

	2025	2024	Change
Revenue	$297,105	$265,032	+0.1%
Expenses	$297,105	$265,032	+0.1%
Net Income	$0	$0	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	Role	Reportable Comp	Other Comp	Total
Justin Hedtke	President	Officer	$0	$0	$0
Kent Willms	Director	Director	$0	$0	$0
Brian Van Eps	Treasurer	Officer	$0	$0	$0
Brandon Schultz	Director	Director	$0	$0	$0
Chuck Diederich	Director	Director	$0	$0	$0
Brayden Hedtke	Director	Director	$0	$0	$0
Brett Hedtke	Secretary	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	$297,105	$297,105	$8,392	No data
2024	$265,032	$265,032	$7,794	No data
2023	$376,894	$376,894	$9,234	No data
2022	$307,281	$307,281	$20,857	No data
2021	$325,041	$303,639	$30,360	$21,402
2020	$188,248	$165,931	$8,894	$22,317
2019	$198,584	$195,892	$1,130	$2,692
2018	$241,717	$260,891	$3,089	$-19,174

Kandi Racing Association