LAKE ELDORA RACING TEAM (EIN 840707228) - 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

1975

Legal Domicile

Principal Officer

MATT TOMASKO

Phone

3034478014

Tax Period

2023-08-01 to 2024-07-31

LAKE ELDORA RACING TEAM, founded in 1975, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

YOUTH OUTDOOR EDUCATION, SPORTS AND SPORTSMANSHIP. WINTER PROGRAM INCLUDES SKI AND SNOWBOARD RACING AND COMPETITION. SUMMER SEASON INCLUDES MOUNTAIN BIKING AND DRYLAND TRAINING PREPARATION FOR THE WINTER SEASON. BUILDING IN CHAMPIONS IN SPORTS AND LIFE. PROGRAMS EXIST FOR AGES 6-22.

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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 $105,617

Program Service Revenue $1,084,284

Investment Income $13,368

Other Revenue $253,537

TOTAL REVENUE $1,456,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,155,872

Fundraising Expenses $99,718

Program Expenses $1,281,150

Other Expenses $404,769

TOTAL EXPENSES $1,560,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,456,806	$1,161,913	+0.3%
Expenses	$1,560,641	$1,321,610	+0.2%
Net Income	$-103,835	$-159,697	-0.3%

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

109

Volunteers

277

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

$181,381

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT TOMASKO	EXECUTIVE DI	60.00	Officer	$128,149	$53,232	$181,381
SAM BASS	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA CATLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN GAWENUS	TREASURER	4.00	Director	$0	$0	$0
MIKE MCCUE	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS MONROE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY BETH REECE	SECRETARY	2.00	Director	$0	$0	$0
CONNIE SCIOLINO	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER TROLLER	VICE PRESIDE	2.00	Officer 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	$1,456,806	$1,560,641	$499,354	$-103,835
2023	$1,161,913	$1,321,610	$602,869	$-159,697
2022	$1,312,934	$1,330,755	$762,062	$-17,821
2021	$1,479,767	$1,010,367	$781,571	$469,400
2020	$1,018,121	$1,049,005	$441,447	$-30,884

LAKE ELDORA RACING TEAM