RACING FOR RELIEF INC (EIN 463900142) - 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

2013

Legal Domicile

Principal Officer

ALAN SIEFRING

Phone

4196788363

Tax Period

2023-10-01 to 2024-09-30

RACING FOR RELIEF INC, founded in 2013, is a small nonprofit in the Public Safety sector that reported $279K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE FOR WHICH THIS CORPORATION IS FORMED EXCLUSIVELY TO ACCEPT DONATIONS, PARTICIPATE IN FUNDRAISERS, AND PARTICIPATE IN PROMOTIONAL EVENTS TO PROVIDE FINANCIAL AND NON-FINANCIAL SUPPORT FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, EDUCATIONAL, AND ANY OTHER PURPOSES ALLOWED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ITS REGULATIONS EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ITS REGULATIONS AS THEY NOW EXIST OR AS THEY MAY HEREAFTER BE AMENDED AND IN ACCORDANCE WITH ANY ALLOWABLE PURPOSE UNDER OHIO REVISED CODE SECTION 1702.

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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 $244,681

Program Service Revenue $33,115

Investment Income $1,600

Other Revenue $0

TOTAL REVENUE $279,396

Expense Breakdown

Grants Paid $263,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $285,295

Other Expenses $21,895

TOTAL EXPENSES $285,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,396	$240,112	+0.2%
Expenses	$285,295	$220,354	+0.3%
Net Income	$-5,899	$19,758	-1.3%

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
MIKE OSTERHOLT	TRUSTEE	1.00	Director	$0	$0	$0
JERRY SIEFRING	TRUSTEE	1.00	Director	$0	$0	$0
NATHAN FORTKAMP	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOBY HUELSMAN	TRUSTEE	1.00	Director	$0	$0	$0
ALAN SIEFRING	SECRETARY & TREASURER	3.00	Officer Director	$0	$0	$0
DENNIS HUELSMAN	VICE PRESIDENT	1.00	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
2024	$279,396	$285,295	$75,907	$-5,899
2023	$240,112	$220,354	$81,806	$19,758
2022	$286,874	$266,134	$62,048	$20,740

RACING FOR RELIEF INC