Classic Car Collection (EIN 452560489) - 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

2011

Legal Domicile

Principal Officer

Brad Kernick

Tax Period

2023-07-01 to 2024-06-30

Classic Car Collection, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $110K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Net assets of $224K represent 25 months of operating reserves.

Mission

Classic Car Collection is dedicated to presenting an entertaining yet artful perspective tracing the major role that the automobile has played relative to history, culture, industry, and innovation.

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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 $61,016

Program Service Revenue $47,525

Investment Income $1,389

Other Revenue $-170

TOTAL REVENUE $109,760

Expense Breakdown

Grants Paid $50

Salaries & Benefits $11,763

Fundraising Expenses $465

Program Expenses $107,084

Other Expenses $100,785

TOTAL EXPENSES $112,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,760	$254,987	-0.6%
Expenses	$112,598	$138,918	-0.2%
Net Income	$-2,838	$116,069	-1.0%

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
Bruce Schanbacher	Director	5.00	Director	$0	$0	$0
Danny Oberg	Director	5.00	Director	$0	$0	$0
Earl Joy	Director	5.00	Director	$0	$0	$0
Steve Mercer	Director	5.00	Director	$0	$0	$0
Norris Marshall	Director	5.00	Director	$0	$0	$0
Gene Beerbohm	Director	5.00	Director	$0	$0	$0
John Sahling	Director	5.00	Director	$0	$0	$0
Brad Kernick	Chairman	20.00	Officer Director	$0	$0	$0
Jeffrey Knapp	Vice Chairman	20.00	Officer Director	$0	$0	$0
Jackie Purdy	SecretaryTreasurer	5.00	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
2025	No data	No data	No data	No data
2024	$109,760	$112,598	$243,315	$-2,838
2023	$254,987	$138,918	$231,078	$116,069
2022	$164,095	$59,852	$113,365	$104,243
2021	$-1,030,214	$305,174	$8,371	$-1,335,388
2020	$42,824	$378,668	$4,758,960	$-335,844
2019	$138,794	$439,086	$4,960,994	$-300,292

Classic Car Collection