RACING FOR HEROES INC (EIN 464449419) - 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

MIKE EVOCK

Phone

9145634217

Tax Period

2023-01-01 to 2023-12-31

RACING FOR HEROES INC, founded in 2013, is a small nonprofit in the Mental Health sector that reported $313K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $285K left a modest 9% surplus.

Mission

SEEKING TO SUPPORT VETERAN COMMUNITY THROUGH COMMUNITY ENGAGEMENT, HEALTH AND WELLNESS, EDUCATION AND EMPLOYMENT, AND MOTORSPORT THERAPY PROGRAMS.

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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 $312,843

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $312,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $280,829

Other Expenses $284,613

TOTAL EXPENSES $284,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$312,843	$407,303	-0.2%
Expenses	$284,613	$493,876	-0.4%
Net Income	$28,230	$-86,573	-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

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
KURT COOK	VICE CHAIRMA	5.00	Officer Director	$0	$0	$0
ERIC DITTY	SECRETARY	5.00	Officer Director	$0	$0	$0
MIKE EVOCK	CHAIRMAN OF	15.00	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	No data	No data	No data	No data
2023	$312,843	$284,613	$246,416	$28,230
2022	$407,303	$493,876	$216,776	$-86,573
2021	$310,698	$489,906	$293,217	$-179,208
2020	$233,990	$323,319	$167,079	$-89,329
2019	$171,282	$222,960	$87,534	$-51,678
2018	$917,544	$877,428	$160,706	$40,116

RACING FOR HEROES INC