PHILLY RACES INC (EIN 472298932) - 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

2014

Legal Domicile

Principal Officer

PETER MOONEY

Phone

2158087361

Tax Period

2023-01-01 to 2023-12-31

PHILLY RACES INC, founded in 2014, is a community nonprofit in the Recreation & Sports sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $799K, a strong 24% operating margin.

Mission

TO BE A COLLABORATIVE ADVOCATE FOR THE CITY OF PHILADELPHIA PARKS AND RECREATION DEPARTMENT.

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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 $637,000

Program Service Revenue $2,625,623

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,262,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,334,102

Other Expenses $2,463,960

TOTAL EXPENSES $2,463,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,262,623	$2,504,992	+0.3%
Expenses	$2,463,960	$2,481,417	0.0%
Net Income	$798,663	$23,575	+32.9%

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

3000

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
PETER MOONEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL B RICE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW KIM	TREASURER	1.00	Officer Director	$0	$0	$0
LAUREN KOBYLARZ	SECRETARY	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	No data	No data	No data	No data
2023	$3,262,623	$2,463,960	$2,207,404	$798,663
2022	$2,504,992	$2,481,417	$1,408,741	$23,575
2021	$1,813,595	$1,834,580	$1,385,166	$-20,985
2020	$3,124,594	$2,357,550	$1,406,151	$767,044
2019	$3,322,858	$3,359,238	$642,986	$-36,380
2018	$2,896,336	$2,912,651	$675,487	$-16,315

PHILLY RACES INC