MALCOLM SMITH MOTORSPORTS FOUNDATION (EIN 562284276) - 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

2002

Legal Domicile

Phone

9516871300

Tax Period

2024-01-01 to 2024-12-31

MALCOLM SMITH MOTORSPORTS FOUNDATION, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $226K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 44% operating margin.

Mission

THE ORGANIZATION HELPS SUPPORT ORPHANAGES IN BAJA, MEXICO. THIS WORK INCLUDES NEW CONSTRUCTION AND MAINTENANCE OF BUILDINGS TO PROVIDE SHELTERS, SCHOOLS, LIBRARIES AND CLASSROOM LABORATORIES AS WELL AS LANDSCAPING AND IRRIGATION AND CONSTRUCTION AND MAINTENANCE OF WELLS TO PROVIDE POTABLE WATER. IN ADDITION, THE ORGANIZATION PROVIDES BASIC NECESSITIES SUCH AS FOOD, CLOTHING, PRIMARY, SECONDARY AND COLLEGE EDUCATION AND MEDICAL CARE.

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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 $167,784

Program Service Revenue $0

Investment Income $58,243

Other Revenue $0

TOTAL REVENUE $226,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,343

Other Expenses $126,406

TOTAL EXPENSES $126,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,027	$143,063	+0.6%
Expenses	$126,406	$118,931	+0.1%
Net Income	$99,621	$24,132	+3.1%

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

N/A

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
JOYCE SMITH	Executive Dir.	10.00	Officer Director	$0	$0	$0
MALCOLM SMITH	Secretary	10.00	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	$226,027	$126,406	$1,150,441	$99,621
2023	$143,063	$118,931	$1,037,767	$24,132
2022	$142,597	$90,112	$921,273	$52,485
2021	$166,635	$62,924	$951,910	$103,711
2020	$104,013	$88,187	$809,580	$15,826
2019	$129,578	$69,101	$719,350	$60,477
2018	$97,666	$43,731	$637,994	$53,935

MALCOLM SMITH MOTORSPORTS FOUNDATION