C T BARREL RACING INC (EIN 472427227) - 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

LESHIA KNOX

Phone

2547024022

Tax Period

2024-01-01 to 2024-12-31

C T BARREL RACING INC, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $229K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO PROVIDE VENUES FOR BARREL RACERS AND POLE BENDERS OF ALL AGES AND SKILL LEVELS THE OPPORTUNITY TO COMPETE FOR MONETARY AND NON-MONETARTY AWARDS. TO FOSTER GOOD SPORTSMANSHIP AND FAIRNESS, IN A SAFE, COMPETITIVE ENVIROMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $228,671

Investment Income $0

Other Revenue $0

TOTAL REVENUE $228,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $220,597

Other Expenses $193,734

TOTAL EXPENSES $228,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,671	$272,679	-0.2%
Expenses	$228,519	$278,754	-0.2%
Net Income	$152	$-6,075	-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

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

$825

Total Directors

$3,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESHIA KNOX	PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURIE MORSE	SECRETARY	5.00	Officer Director	$0	$0	$0
BECKY SICKEL	TREASURER	5.00	Officer Director	$825	$0	$825
GREG UNDERWOOD	DIRECTOR	1.00	Director	$275	$0	$275
JENNIFER WALZEL	DIRECTOR	1.00	Director	$2,525	$0	$2,525
KEVIN SICKEL	DIRECTOR	1.00	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	$228,671	$228,519	$26,782	$152
2023	$272,679	$278,754	$26,271	$-6,075
2022	$261,010	$252,745	$30,720	$8,265
2021	$238,477	$239,277	$25,080	$-800
2020	$238,093	$233,474	$26,610	$4,619
2019	$206,489	$210,785	$24,339	$-4,296
2018	$207,550	$201,765	$22,932	$5,785

C T BARREL RACING INC