KART 4 KIDS INC

EIN: 462008292 501(c)(3) Diseases & Disorders

GULFPORT, FL

Total Revenue
$406,414
Total Expenses
$375,244
Total Assets
$78,468
Net Assets
$36,468
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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
2013
Legal Domicile
FL
Principal Officer
CHARLES NEILSON
Phone
7273020223
Tax Period
2025-01-01 to 2025-12-31

KART 4 KIDS INC, founded in 2013, is a small nonprofit in the Diseases & Disorders sector that reported $406K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $375K left a modest 8% surplus.

Mission

TO OPERATE KARTING EVENTS AND OTHER SPORTING EVENTS TO BENEFIT HOSPITALIZED CHILDREN AND THEIR FAMILIES THROUGH CHARITABLE ORGANIZATIONS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $406,414
Investment Income $0
Other Revenue $0
TOTAL REVENUE $406,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $370,162
Other Expenses $375,244
TOTAL EXPENSES $375,244

Year-over-Year Comparison

2025 2024 Change
Revenue $406,414 $358,937 +0.1%
Expenses $375,244 $369,453 +0.0%
Net Income $31,170 $-10,516 -4.0%
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

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Governance

Voting Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS RUSSICK President 0.00
Officer
$0 $0 $0
PAGE OBERSHAIN Vice President 0.00
Officer
$0 $0 $0
CHARLES NEILSON Treasurer 0.00
Officer
$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 $406,414 $375,244 $78,468 $31,170
2024 $358,937 $369,453 $88,963 $-10,516
2023 $246,036 $353,569 $49,315 $-107,533
2022 $330,115 $330,009 $142,347 $106
2021 $419,505 $326,369 $173,241 $93,136
2019 $229,171 $213,172 $18,095 $15,999
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