Motorsport Safety Foundation Corp … - Form 990 Financial Data

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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

HENRIQUE CISNEROS

Phone

3053555110

Tax Period

2018-01-01 to 2018-12-31

Motorsport Safety Foundation Corp C/O Cisneros Ventures, founded in 2013, is a small nonprofit that reported $232K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year.

Mission

THE MOTORSPORT SAFETY FOUNDATION IS A NONPROFIT ORGANIZATION DEDICATED TO IMPROVING SAFETY STANDARDS IN MOTORSPORT.

Program Service Accomplishments

Program 1

Expenses: $18,424 Revenue: $1,725

Race with Restraint: The Race with Restraint program aims to make head and neck restraints easily accessible to drivers at all levels by setting up low-cost daily rental kiosks at the race tracks...

Race with Restraint: The Race with Restraint program aims to make head and neck restraints easily accessible to drivers at all levels by setting up low-cost daily rental kiosks at the race tracks across the country. In 2018, 99 equipment rentals benefited 78 racers.

Program 2

Expenses: $22,891 Revenue: $48,873

Certified: Improve the standards and operations of HPDE schools, instructor training programs, and instructors to provide a safer and better quality experience for performance driving students and...

Certified: Improve the standards and operations of HPDE schools, instructor training programs, and instructors to provide a safer and better quality experience for performance driving students and instructors. 810 individuals completed the Certification program and 813 Individuals registered for the course in 2018.

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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 (2018)

Revenue Breakdown

Contributions & Grants $181,620

Program Service Revenue $50,598

Investment Income $0

Other Revenue $0

TOTAL REVENUE $232,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,020

Fundraising Expenses $330

Program Expenses $41,315

Other Expenses $132,272

TOTAL EXPENSES $232,292

Year-over-Year Comparison

	2018	2017	Change
Revenue	$232,218	$246,632	-0.1%
Expenses	$232,292	$254,551	-0.1%
Net Income	$-74	$-7,919	-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

N/A

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
HENRIQUE J CISNEROS	CHAIRMAN & PRESIDENT	15.0	Officer Director	$0	$0	$0
MARK LOPEZ	SECRETARY	1.5	Officer Director	$0	$0	$0
SCOT ELKINS	CHIEF OPERATING OFFICER	30.0	Highest	$100,020	$0	$100,020

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
2018	$232,218	$232,292	$19,240	$-74

Motorsport Safety Foundation Corp C/O Cisneros Ventures