NXG YOUTH MOTORSPORTS INC

EIN: 814215124 501(c)(3)

Indianapolis, IN

Total Revenue
$994,814
Total Expenses
$813,611
Total Assets
$909,519
Net Assets
$869,979
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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
IN
Principal Officer
Rodney L Reid
Phone
3176321132
Tax Period
2023-10-01 to 2024-09-30

NXG YOUTH MOTORSPORTS INC, founded in 2016, is a small nonprofit that reported $995K in total revenue in fiscal year 2023. The organization ran a surplus of $181K, a strong 18% operating margin.

Mission

Academy created to serving the youth in Central Indiana and Detroit Michigan

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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 (2023)

Revenue Breakdown

Contributions & Grants $937,998
Program Service Revenue $41,739
Investment Income $9,515
Other Revenue $5,562
TOTAL REVENUE $994,814

Expense Breakdown

Grants Paid $0
Salaries & Benefits $319,213
Fundraising Expenses $0
Program Expenses $787,336
Other Expenses $494,398
TOTAL EXPENSES $813,611

Year-over-Year Comparison

2023 2022 Change
Revenue $994,814 $925,214 +0.1%
Expenses $813,611 $573,397 +0.4%
Net Income $181,203 $351,817 -0.5%
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
4
Independent Members
3
Employees
6
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
1
$0
Total Directors
4
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rodney L Reid Executive Director 048.00
Officer Director Key Emp
$0 $0 $0
Harry Alston Jr Member 001.00
Director
$0 $0 $0
Jack Synder Member 001.00
Director
$0 $0 $0
Tracy Barnes Member 001.00
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 $994,814 $813,611 $909,519 $181,203
2023 $925,214 $573,397 $716,980 $351,817
2022 $667,334 $535,112 $345,264 $132,222
2021 $650,660 $481,294 $205,946 $169,366
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