KYLE PETTY CHARITY RIDE TRUST INC

EIN: 472812550 501(c)(3) Recreation & Sports

CHARLOTTE, NC

Total Revenue
$368,659
Total Expenses
$38,374
Total Assets
$8,107,736
Net Assets
$8,107,736
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
KYLE PETTY
Phone
7047144545
Tax Period
2025-01-01 to 2025-12-31

KYLE PETTY CHARITY RIDE TRUST INC, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $369K in total revenue in fiscal year 2025. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $330K, a strong 90% operating margin.

Mission

TO FUNCTION AS THE ENDOWMENT FOR THE BENEFIT OF CHILDREN WITH CHRONIC MEDICAL CONDITIONS OR SERIOUS ILLNESSES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $32,000
Program Service Revenue $0
Investment Income $336,659
Other Revenue $0
TOTAL REVENUE $368,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $38,374
TOTAL EXPENSES $38,374

Year-over-Year Comparison

2025 2024 Change
Revenue $368,659 $274,993 +0.3%
Expenses $38,374 $34,712 +0.1%
Net Income $330,285 $240,281 +0.4%
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

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Governance

Voting Members
11
Independent Members
11
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE PETTY PRESIDENT 1.00
Officer Director
$0 $0 $0
TERRY CAMPBELL TREASURER 1.00
Officer Director
$0 $0 $0
MORRI IRVIN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MIKE HEAFNER SECRETARY 1.00
Officer Director
$0 $0 $0
DR DAVID MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
VIC MISENHEIMER ASSISANT SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN CHRISTNER BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE CABLE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GURLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JASON MANAFORT BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN MANAFORT BOARD MEMBER 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
2025 $368,659 $38,374 $8,107,736 $330,285
2024 $274,993 $34,712 $7,181,955 $240,281
2023 $420,667 $28,507 $6,271,082 $392,160
2022 $839,077 $24,676 $5,167,214 $814,401
2021 $367,551 $26,731 $5,242,752 $340,820
2020 $148,502 $151,413 $4,530,108 $-2,911
2019 $2,616,687 $20,055 $4,164,216 $2,596,632
2018 $421,021 $875 $1,314,934 $420,146
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