LAKE STATE ALPINE RACING (EIN 842476211) - 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

2019

Legal Domicile

Principal Officer

MIKE FRIEDRICH

Phone

9522370442

Tax Period

2024-07-01 to 2025-06-30

LAKE STATE ALPINE RACING, founded in 2019, is a micro nonprofit in the Recreation & Sports sector that reported $89K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $84K left a modest 6% surplus.

Mission

ALPINE RACE INSTRUCTION TO YOUTH

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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 $1,768

Program Service Revenue $87,434

Investment Income $108

Other Revenue $0

TOTAL REVENUE $89,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,500

Fundraising Expenses $0

Program Expenses $79,392

Other Expenses $80,820

TOTAL EXPENSES $84,320

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,310	$107,333	-0.2%
Expenses	$84,320	$81,817	+0.0%
Net Income	$4,990	$25,516	-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

$3,500

Total Directors

$3,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MAY	Treasurer	10.00	Officer Director	$3,500	$0	$3,500
MIKE FRIEDRICH	President	20.00	Director	$0	$0	$0
EMILY SCOTT	Director	1.00	Director	$0	$0	$0
ANDI ANDERSON	Director	1.00	Director	$0	$0	$0
JOEL BEACH	Director	1.00	Director	$0	$0	$0
JOE MYSS	Director	1.00	Director	$0	$0	$0
SHAWN MEYER	Director	10.00	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
2025	$89,310	$84,320	$77,651	$4,990
2024	$107,333	$81,817	$72,660	$25,516
2023	$97,475	$89,009	$47,144	$8,466
2022	$89,054	$73,488	$38,678	$15,566
2021	$64,068	$56,711	$23,112	$7,357

LAKE STATE ALPINE RACING