LA Velodrome Racing Association

EIN: 830455100 501(c)(3) Recreation & Sports

Newport Coast, CA

Total Revenue
$33,457
Total Expenses
$49,490
Total Assets
$28,822
Net Assets
$28,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CA
Principal Officer
David Huntsman
Phone
5622794417
Tax Period
2022-04-01 to 2023-03-31

LA Velodrome Racing Association, founded in 2006, is a micro nonprofit in the Recreation & Sports sector that reported $33K in total revenue in fiscal year 2022. Expenses of $49K exceeded revenue, resulting in a 48% operating deficit.

Mission

Amateur racing

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,440
Program Service Revenue $27,017
Investment Income $0
Other Revenue $0
TOTAL REVENUE $33,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $49,490
Other Expenses $49,490
TOTAL EXPENSES $49,490

Year-over-Year Comparison

2022 2021 Change
Revenue $33,457 N/A N/A
Expenses $49,490 N/A N/A
Net Income $-16,033 N/A N/A
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

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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
2
Independent Members
2
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Huntsman Treasurer 5.00
Officer
$0 $0 $0
Zach LaBry President 5.00
Officer
$0 $0 $0
Bradley Thordarson President 5.00
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 $33,457 $49,490 $28,822 $-16,033
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