Motor Racing Outreach Inc

EIN: 581859610 501(c)(3) Religion

Concord, NC

Total Revenue
$1,658,276
Total Expenses
$1,816,115
Total Assets
$585,650
Net Assets
$216,178
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NC
Principal Officer
Billy Mauldin Jr
Phone
7044553828
Tax Period
2024-01-01 to 2024-12-31

Motor Racing Outreach Inc, founded in 1989, is a community nonprofit in the Religion sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

To introduce the racing community to a personal faith in Christ, growth in Christ-Likeness,and active involvement in church through relationships that provide care in times of stress,knowledge of God's word, and assistance in development of leadership skills.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,051,726
Program Service Revenue $6,957
Investment Income $0
Other Revenue $-400,407
TOTAL REVENUE $1,658,276

Expense Breakdown

Grants Paid $88,060
Salaries & Benefits $931,253
Fundraising Expenses $340,384
Program Expenses $1,239,547
Other Expenses $796,802
TOTAL EXPENSES $1,816,115

Year-over-Year Comparison

2024 2023 Change
Revenue $1,658,276 $1,899,279 -0.1%
Expenses $1,816,115 $1,969,014 -0.1%
Net Income $-157,839 $-69,735 +1.3%
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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Governance

Voting Members
10
Independent Members
10
Employees
10
Volunteers
60

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
2
$165,916
Total Directors
12
$165,916
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Billy Mauldin Jr President 40.00
Officer Director
$133,893 $32,023 $165,916
Darrell Waltrip Chairman 1.00
Officer Director
$0 $0 $0
Lynn Siefker Director 0.50
Director
$0 $0 $0
Marcus Smith Director 1.00
Director
$0 $0 $0
Phil Parsons Director 0.50
Director
$0 $0 $0
Michael McDowell Director 0.50
Director
$0 $0 $0
Bobby Labonte Director 0.50
Director
$0 $0 $0
Lake Speed Director 0.50
Director
$0 $0 $0
Billy Mauldin Director 0.50
Director
$0 $0 $0
Bob Dyar Director 0.50
Director
$0 $0 $0
William Byron Director 0.50
Director
$0 $0 $0
Jim Daly Director 0.50
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 $1,658,276 $1,816,115 $585,650 $-157,839
2023 $1,899,279 $1,969,014 $770,823 $-69,735
2022 $1,694,912 $1,531,417 $766,650 $163,495
2021 $1,359,111 $1,488,322 $624,694 $-129,211
2020 $1,551,966 $1,285,668 $740,861 $266,298
2019 $1,448,954 $1,541,998 $546,927 $-93,044
2018 $1,645,816 $1,611,355 $528,766 $34,461
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