RACE DAY FOUNDATION INC (EIN 812762126) - 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

JILL BECK

Tax Period

2023-01-01 to 2023-12-31

RACE DAY FOUNDATION INC, founded in 2016, is a micro nonprofit in the Health Care sector that reported $21K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $27K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE RACE DAY FOUNDATION OFFERS TRANFORMATIVE EXPERIENCES TO DESERVING CHILDREN ACROSS NORTH AMERICA AT MORE THAN TWENTY EVENTS ANNUALLY. CHILDREN LIVING WITH CANCER, RARE DISEASE OR PHYSICAL DISABILITY,NO MATTER THE CHALLENGE OR LIFE CHANGING ILLNESS ARE WELCOME AT THE TRACK

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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 $15,692

Program Service Revenue $0

Investment Income $5,023

Other Revenue $0

TOTAL REVENUE $20,715

Expense Breakdown

Grants Paid $3,409

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,613

Other Expenses $23,144

TOTAL EXPENSES $26,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,715	$15,492	+0.3%
Expenses	$26,553	$58,217	-0.5%
Net Income	$-5,838	$-42,725	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MALONE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN TILL	DIRECTOR	1.00	Director	$0	$0	$0
HAL O HANSON	DIRECTOR	1.00	Director	$0	$0	$0
JILL BECK	EXECUTIVE DIRECTOR	20.00	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
2023	$20,715	$26,553	$241,702	$-5,838
2022	$15,492	$58,217	$247,842	$-42,725
2021	$43,306	$37,097	$290,011	$6,209
2020	$166,887	$55,575	$283,834	$111,312
2019	$75,787	$4,371	$172,661	$71,416
2018	$79,855	$28,491	$101,233	$51,364

RACE DAY FOUNDATION INC