Caribbean Drag Racing Association Inc

EIN: 660824289 501(c)(3)

Christiansted, VI

Total Revenue
$686,245
Total Expenses
$30,287
Total Assets
$682,783
Net Assets
$682,782
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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

Phone
3407730398
Tax Period
2021-07-01 to 2022-06-30

Caribbean Drag Racing Association Inc is a small nonprofit that reported $686K in total revenue in fiscal year 2021. Revenue surged 2187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $656K, a strong 96% operating margin.

Mission

To promote safe and structured drag racing in the US Virgin Islands.

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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 $686,038
Program Service Revenue $0
Investment Income $207
Other Revenue $0
TOTAL REVENUE $686,245

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $28,347
Other Expenses $30,287
TOTAL EXPENSES $30,287

Year-over-Year Comparison

2021 2020 Change
Revenue $686,245 $30,011 +21.9%
Expenses $30,287 $10,197 +2.0%
Net Income $655,958 $19,814 +32.1%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Arthur S Hector Sr President 0.00
Officer
$0 $0 $0
Larry Jones Vice President 0.00
Officer
$0 $0 $0
Ramon Cuencas Treasurer 0.00
Officer
$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
2022 $686,245 $30,287 $682,783 $655,958
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