LAGUNA SECA RACEWAY FOUNDATION

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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

Principal Officer

STEVE FIELDS

Phone

9257899864

Tax Period

2024-01-01 to 2024-12-31

LAGUNA SECA RACEWAY FOUNDATION, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $726K in total revenue in fiscal year 2024. Revenue surged 727% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 29% operating margin.

Mission

LAGUNA SECA RACEWAY FOUNDATION RAISES FUNDS FOR CAPITAL IMPROVEMENTS AT THE LAGUNA SECA RECREATIONAL AREA TO HELP IMPROVE THE OVERALL PARTICIPANT AND SPECTATOR EXPERIENCE FOR THE BENEFIT OF THE ENTIRE COMMUNITY OF MONTEREY COUNTY.

Program Service Accomplishments

Program 1

Expenses: $500,868 Revenue: $0

RAISED FUNDS FOR CAPITAL IMPROVEMENT PROJECTS FOR LAGUNA SECA RACEWAY. SCOOTERS WERE PURCHASED AND DONATED TO THE LAGUNA SECA VOLUNTEER ASSOCIATION IN 2024.

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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 $757,734

Program Service Revenue $0

Investment Income $14,378

Other Revenue $-46,501

TOTAL REVENUE $725,611

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $500,868

Other Expenses $15,147

TOTAL EXPENSES $515,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$725,611	$87,780	+7.3%
Expenses	$515,147	$33,682	+14.3%
Net Income	$210,464	$54,098	+2.9%

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

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
ARTHUR COOK	PRESIDENT	1.92	Officer Director	$0	$0	$0
CARL MOORE	VICE PRESIDENT	0.19	Officer Director	$0	$0	$0
STEVE FIELDS	TREASURER	1.15	Officer Director	$0	$0	$0
MARY SCHLEY	SECRETARY	0.38	Officer Director	$0	$0	$0
RICHARD RENARD	EXECUTIVE DIRECTOR	0.50	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
2024	$725,611	$515,147	$721,164	$210,464
2023	$87,780	$33,682	$500,278	$54,098
2022	$312,710	$15,666	$433,473	$297,044