UNLIMITED RACE CLASS INC

EIN: 474944279

TEMPLETON, CA

Total Revenue
$447,800
Total Expenses
$437,772
Total Assets
$16,730
Net Assets
$16,730
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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
2015
Legal Domicile
NV
Tax Period
2021-01-01 to 2021-12-31

UNLIMITED RACE CLASS INC, founded in 2015, is a small nonprofit that reported $448K in total revenue in fiscal year 2021.

Mission

PROMOTE UNLIMITED AIR RACING GROUP, TRAIN NEW PILOTS, MANAGE AIR RACING AIRCRAFT NUMBERS, AND ACT AS INTERMEDIARY BETWEEN AIR RACE VENUES AND RACING GROUPS

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $447,800
Investment Income $0
Other Revenue $0
TOTAL REVENUE $447,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $437,772
Other Expenses $437,772
TOTAL EXPENSES $437,772

Year-over-Year Comparison

2021 2020 Change
Revenue $447,800 $447,800 N/A
Expenses $437,772 $437,772 N/A
Net Income $10,028 $10,028 N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANNON SWAGER SECRETARY 0.50
Officer Director
$0 $0 $0
DENNIS SANDERS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
SHERMAN SMOOT PRESIDENT 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
2021 $447,800 $437,772 $16,730 $10,028
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