CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE (EIN 452727397) - 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

ANNA PANOSSIAN

Phone

5126556280

Tax Period

2023-01-01 to 2023-12-31

CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE, founded in 2011, is a mid-sized nonprofit in the Community Improvement sector that reported $62.9M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSES OF CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE ARE TO (1) ASSIST WITH ORGANIZATION, ADMINISTRATION, MANAGEMENT, PROMOTION, FACILITATION AND OPERATION RELATED TO HOSTING THE FORMULA ONE UNITED STATES GRAND PRIX AND OTHER EVENTS, COMPETITIONS AND ACTIVITIES AS MAY BE HOSTED BY THE CORPORATION IN THE DISCRETION OF THE BOARD OF DIRECTORS AND (2) PROMOTE THE PUBLIC INTEREST OF THE CITY OF AUSTIN, TRAVIS COUNTY, AND THE STATE OF TEXAS.

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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 $62,855,633

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $62,855,633

Expense Breakdown

Grants Paid $62,844,055

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,577

TOTAL EXPENSES $62,855,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,855,633	$29,370,475	+1.1%
Expenses	$62,855,632	$29,370,475	+1.1%
Net Income	$1	$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

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
ANNA PANOSSIAN	SECRETARY	10.00	Officer Director	$0	$0	$0
JULIA TAYLOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
DREW SCHEBERLE	MEMBER	1.00	Director	$0	$0	$0
MARK BORSKEY	MEMBER	1.00	Director	$0	$0	$0
SYLNOVIA HOLT-RABB	EX-OFFICIO	1.00	Director	$0	$0	$0
ANTHONY MILLS	MEMBER	1.00	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	$62,855,633	$62,855,632	$1,290,431	$1
2022	$29,370,475	$29,370,475	$2,475,880	No data
2021	$14,482,431	$14,482,431	$5,758,250	No data
2020	$28,795,471	$28,795,471	$929,845	No data
2019	$6,657,940	$6,657,940	$1,245,214	No data
2018	$28,350,109	$28,350,109	$870,656	No data

CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE