CHARLES TOWN RACE TRACK CHAPLAINCY… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

THOMAS NEWCOMER

Phone

3047254028

Tax Period

2024-01-01 to 2024-12-31

CHARLES TOWN RACE TRACK CHAPLAINCY SUPPORT SERVICES INC, founded in 2012, is a micro nonprofit in the Religion sector that reported $84K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $75K left a modest 11% surplus.

Mission

TO PROVIDE A PATH TO A HIGHER QUALITY OF LIFE THROUGH EDUCATION, MEDICAL HELP, ADDICTIVE HEALING, COUNCELING AND RECREATIONAL ACTIVITIES TO THOSE EMPLOYED BY THE RACETRACK INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $14,043 Revenue: $16,917

PROVIDED FINANCIAL ASSISTANCE TO THOSE IN NEED AND ASSOCIATED WITH THE RACE TRACK.

Program 2

Expenses: $53,119 Revenue: $80,983

PROVIDE OUTREACH TO THOSE INVOLVED IN RACING AND THEIR FAMILIES THROUGH OPEN HOUSE HOURS, CLASSES, AND OTHER FORMS OF ASSISTANCE. PROVIDE CHAPLAINCY SERVICES AND ENCOURAGE TRACK WORKERS AND THEIR...

PROVIDE OUTREACH TO THOSE INVOLVED IN RACING AND THEIR FAMILIES THROUGH OPEN HOUSE HOURS, CLASSES, AND OTHER FORMS OF ASSISTANCE. PROVIDE CHAPLAINCY SERVICES AND ENCOURAGE TRACK WORKERS AND THEIR FAMILIES TO SOCIALIZE, DEAL WITH PERSONAL ISSUES, RECEIVE COUNSELING AND OBTAIN REFERALS FOR MEDICAL HELP.

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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 $80,983

Program Service Revenue $0

Investment Income $0

Other Revenue $3,517

TOTAL REVENUE $84,500

Expense Breakdown

Grants Paid $14,043

Salaries & Benefits $47,487

Fundraising Expenses $0

Program Expenses $67,162

Other Expenses $13,745

TOTAL EXPENSES $75,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,500	$70,803	+0.2%
Expenses	$75,275	$77,690	0.0%
Net Income	$9,225	$-6,887	-2.3%

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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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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR HENRY CHRISTIE	PRESIDENT	3.00	Officer Director	$0	$0	$0
WILLIAM R LEWIS JR	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
THOMAS NEWCOMER	TREASURER	5.00	Officer Director	$0	$0	$0
LORI BOURNE	SECRETARY	3.00	Officer Director	$0	$0	$0
JOE FUNKHOUSER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE MCINTOSH	DIRECTOR	1.00	Director	$0	$0	$0
KETURAH OBED-LETTS	DIRECTOR	1.00	Director	$0	$0	$0
DWAYNE SOWERS	DIRECTOR	1.00	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	$84,500	$75,275	$24,281	$9,225
2023	$70,803	$77,690	$14,576	$-6,887
2022	$52,074	$54,387	$21,584	$-2,313
2021	$50,104	$59,173	$24,549	$-9,069
2020	$53,724	$54,974	$32,888	$-1,250
2019	$78,212	$67,905	$34,175	$10,307
2018	$58,152	$54,983	$23,857	$3,169

CHARLES TOWN RACE TRACK CHAPLAINCY SUPPORT SERVICES INC