RACEWAY GIVES FOUNDATION (EIN 843952685) - 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

CURTIS FRANCOIS

Phone

6182158888

Tax Period

2024-01-01 to 2024-12-31

RACEWAY GIVES FOUNDATION, founded in 2019, is a small nonprofit in the Youth Development sector that reported $213K in total revenue in fiscal year 2024. Expenses of $266K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE RACEWAY GIVES FOUNDATION HAS BEEN CREATED BY WORLD WIDE TECHNOLOGY RACEWAY (WWTR) TO LEVERAGE THE RESOURCES AND TECHNOLOGY OPPORTUNITIES ASSOCIATED WITH MOTORSPORTS TO PROVIDE PROGRAMS THAT ENHANCE EDUCATION AND CAREER OPPORTUNITIES FOR YOUTH AGES 8 - 18 WITH A FOCUS ON THE GIFTED, DIVERSE AND UNDERSERVED AS WELL AS AREA MILITARY FAMILIES.

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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 $202,782

Program Service Revenue $0

Investment Income $0

Other Revenue $9,762

TOTAL REVENUE $212,544

Expense Breakdown

Grants Paid $159,812

Salaries & Benefits $31,500

Fundraising Expenses $0

Program Expenses $214,388

Other Expenses $74,331

TOTAL EXPENSES $265,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,544	$198,513	+0.1%
Expenses	$265,643	$219,591	+0.2%
Net Income	$-53,099	$-21,078	+1.5%

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

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

$31,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS FRANCOIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY FRANCOIS	TREASURER	1.00	Officer Director	$0	$0	$0
LARRY ALBUS	DIRECTOR	40.00	Director	$31,500	$0	$31,500
CHRIS BLAIR	SECRETARY	1.00	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	$212,544	$265,643	$706,681	$-53,099
2023	$198,513	$219,591	$753,523	$-21,078
2022	$874,677	$186,778	$818,176	$687,899
2021	$264,200	$678,411	$95,333	$-414,211
2020	$754,610	$254,295	$509,265	$500,315

RACEWAY GIVES FOUNDATION