UNITED RACING CLUB

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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

2015

Legal Domicile

Principal Officer

DAVID V MCGOUGH

Phone

6102265226

Tax Period

2024-01-01 to 2024-12-31

UNITED RACING CLUB, founded in 2015, is a micro nonprofit in the Human Services sector that reported $73K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

PROMOTE THE SPORT, FRATERNITY, GOOD FELLOWSHIP, FAIR PLAY AND TECHNICAL IDEAS OF AUTOMOTIVE RACING FOR BOTH THE MEMBERS AND THE PUBLIC

Program Service Accomplishments

Program 1

PROMOTION OF AUTOMBILE RACING FOR BOTH MEMBERS AND THE PUBLIC

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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 $6,530

Program Service Revenue $66,218

Investment Income $0

Other Revenue $0

TOTAL REVENUE $72,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $71,761

TOTAL EXPENSES $71,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,748	$92,815	-0.2%
Expenses	$71,761	$87,258	-0.2%
Net Income	$987	$5,557	-0.8%

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
DAVID MCGOUGH	PRESIDENT	8.00	Officer	$0	$0	$0
RICK WELLER	VICE PRESIDENT	8.00	Officer	$0	$0	$0
DENISE MCGOUGH	SEC/TREAS	15.00	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
2024	$72,748	$71,761	$7,961	$987
2023	$92,815	$87,258	$6,973	$5,557
2022	$158,283	$166,000	$1,665	$-7,717
2021	$99,209	$105,085	$3,616	$-5,876
2020	$110,200	$127,403	$10,992	$-17,203
2019	$227,233	$206,819	$28,195	$20,414