TEAM FAITH RACING MINISTRY (EIN 621695022) - 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

1998

Legal Domicile

Principal Officer

BRIAN OROURKE

Tax Period

2023-01-01 to 2023-12-31

TEAM FAITH RACING MINISTRY, founded in 1998, is a small nonprofit in the Religion sector that reported $370K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $339K left a modest 8% surplus.

Mission

PROVIDE DEVOTIONAL SERVICES FROM THE HOLY BIBLE TO RACING CONTESTANTS AND SUPPORT CREW AT RACING EVENTS IN THE US

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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 $369,797

Investment Income $0

Other Revenue $10

TOTAL REVENUE $369,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,383

Fundraising Expenses $0

Program Expenses $338,547

Other Expenses $276,164

TOTAL EXPENSES $338,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$369,807	$330,281	+0.1%
Expenses	$338,547	$341,111	0.0%
Net Income	$31,260	$-10,830	-3.9%

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

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	Role	Reportable Comp	Other Comp	Total
JASON NEWBY	DIRECTOR	Director	$0	$0	$0
ALEX SCHEONHERR	DIRECTOR	Director	$0	$0	$0
KEVIN JOHNSON	DIRECTOR	Director	$0	$0	$0
CHARLES LEMASTER	MINISTER	Director	$0	$0	$0
BRIAN BENNETT	DIRECTOR	Director	$0	$0	$0
BRIAN OROURKE	PRESIDENTDIRECTOR	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	$369,807	$338,547	$53,803	$31,260
2022	$330,281	$341,111	$22,543	$-10,830
2021	$349,504	$341,155	$8,349	$8,349
2020	$250,239	$224,414	No data	$25,825
2019	$355,593	$353,690	No data	$1,903
2018	$242,629	$276,871	No data	$-34,242

TEAM FAITH RACING MINISTRY