LOST CREEK RACEWAY ASSOCIATION INC (EIN 810440413) - 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

2016

Legal Domicile

Principal Officer

SUZANNE HALL

Phone

4064914403

Tax Period

2024-01-01 to 2024-12-31

LOST CREEK RACEWAY ASSOCIATION INC, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $178K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $162K left a modest 9% surplus.

Mission

LOST CREEK RACEWAY ASSOCIATION FEATURED 20 RACE DAYS DURING 2021 AVERAGING 50-60 CARS PER RACE. PRIOR TO EACH RACE, THE ASSOCIATION HOSTS A SERIES OF TECHNICAL SAFETY SEMINARS IN PROMOTION OF AN AFFORDABLE SAFE-RACE ATMOSPHERE. THESE SAFETY EVENTS ARE OFFERED IN AN ATTEMPT TO KEEP ILLEGAL DRAG RACING OFF OF OUR STREETS AND HIGHWAYS.

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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 $31,726

Program Service Revenue $111,297

Investment Income $23

Other Revenue $34,985

TOTAL REVENUE $178,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,491

Fundraising Expenses $0

Program Expenses $128,592

Other Expenses $155,273

TOTAL EXPENSES $161,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,031	$146,042	+0.2%
Expenses	$161,764	$148,372	+0.1%
Net Income	$16,267	$-2,330	-8.0%

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

N/A

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
MICHAEL N HALL	PRESIDENT	20.00	Officer	$0	$0	$0
SUZANNE HALL	TREASURER	25.00	Officer	$0	$0	$0
GEORGE PAMENTER III	DIRECTOR	15.00	Director	$0	$0	$0
RYAN GARNER	VICE-PRESIDENT	10.00	Officer	$0	$0	$0
RAYMOND HARSHBARGER	DIRECTOR	10.00	Director	$0	$0	$0
SANDY GARNER	SECRETARY	N/A	Officer	$0	$0	$0
ZACH BREEN	DIRECTOR	N/A	Director	$0	$0	$0
AARON HILL	DIRECTOR	N/A	Director	$0	$0	$0
WADE HADD	DIRECTOR	N/A	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	$178,031	$161,764	$114,799	$16,267
2023	$146,042	$148,372	$108,413	$-2,330
2022	$173,434	$172,712	$129,686	$722
2021	$181,478	$161,027	$133,284	$20,451

LOST CREEK RACEWAY ASSOCIATION INC