CLASSIC SPORTS RACING GROUP

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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

1976

Legal Domicile

Principal Officer

DAVE OLSON

Phone

8882687126

Tax Period

2023-01-01 to 2023-12-31

CLASSIC SPORTS RACING GROUP, founded in 1976, is a small nonprofit that reported $667K in total revenue in fiscal year 2023.

Mission

THROUGH THE PROMOTION OF CLASSIC CAR RACES. CLASSIC SPORTS RACING GROUP RASIED MONEY FOR VARIOUS CHARITIES. DONATIONS WERE MADE TO LAGUNA SECA RACEWAY FOUNDATIN WHICH IS A 501(C)(3)TAX EXEMPT ORGANIZATION.

Program Service Accomplishments

Program 1

THROUGH THE PROMOTION OF CLASSIC CAR RACES CLASSIC SPORTS RACING GROUP RAISED MONEY FOR VARIOUS CHARITIES. DONATIONS WERE MADE TO LAGUNA SECA RACEWAY FOUNDATION WHICH IS A 501 (C)(3) TAX EXEMPT...

THROUGH THE PROMOTION OF CLASSIC CAR RACES CLASSIC SPORTS RACING GROUP RAISED MONEY FOR VARIOUS CHARITIES. DONATIONS WERE MADE TO LAGUNA SECA RACEWAY FOUNDATION WHICH IS A 501 (C)(3) TAX EXEMPT ORGANIZATION.

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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 $0

Program Service Revenue $660,502

Investment Income $6,172

Other Revenue $0

TOTAL REVENUE $666,674

Expense Breakdown

Grants Paid $101,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $605,007

TOTAL EXPENSES $706,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$666,674	$669,725	0.0%
Expenses	$706,007	$682,065	+0.0%
Net Income	$-39,333	$-12,340	+2.2%

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
JOHN BUDDENBAUM	BOARD MEMBER	N/A	Director	$0	$0	$0
ROB FULLER	BOARD MEMBER	N/A	Director	$0	$0	$0
ED LAMANTIA	BOARD MEMBER	N/A	Director	$0	$0	$0
ED LAUBER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DAVE OLSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAN WARDMAN	SECRETARY	N/A	Officer Director	$0	$0	$0
DAVE ZURLINDEN	TREASURER	N/A	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	$666,674	$706,007	$247,542	$-39,333
2022	$668,641	$682,065	$285,791	$-13,424
2021	$551,776	$541,369	$299,215	$10,407
2020	$308,003	$326,976	$288,808	$-18,973
2019	$523,359	$526,085	$308,914	$-2,726
2018	$493,778	$477,909	$311,640	$15,869