Grand Rapids Speedway (EIN 844017266) - 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

2020

Legal Domicile

Principal Officer

BOB BROKING

Phone

2182592109

Tax Period

2024-01-01 to 2024-12-31

Grand Rapids Speedway, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $271K in total revenue in fiscal year 2024.

Mission

WE THE MEMBERS OF GRAND RAPIDS SPEEDWAY INC. ARE DEDICATED IN THE PRESERVATION OF DIRT TRACK RACING IN OUR COMMUNITY. INSPIRING INTEREST IN LEARNING, CONVEY IMPORTANT VALUES OF TEAMWORK, SPORTMANSHIP AND PERSERVERANCE. PROVIDE A VARIETY OF FAMILY FRIENDLY ENTERTAINMENT FOR THE BETTERMENT OF OUR LOCAL AND ADJOINING COMMUNITIES.

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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 $0

Program Service Revenue $267,081

Investment Income $7

Other Revenue $4,297

TOTAL REVENUE $271,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $276,150

Other Expenses $279,272

TOTAL EXPENSES $279,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,385	$284,996	0.0%
Expenses	$279,272	$302,920	-0.1%
Net Income	$-7,887	$-17,924	-0.6%

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

N/A

Employees

N/A

Volunteers

N/A

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
BOB BROKING	President	5.00	Officer Director	$0	$0	$0
DALE LAPLANT	Vice President	1.00	Director	$0	$0	$0
GARY REAGAL	BOARD MEMBER	1.00	Director	$0	$0	$0
CALEY EMERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTY GROVER	BOARD MEMBER	1.00	Director	$0	$0	$0
JODI BROKING	Treasurer	5.00	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	$271,385	$279,272	$34,428	$-7,887
2023	$284,996	$302,920	$42,314	$-17,924
2022	$243,630	$270,652	$60,238	$-27,022
2021	$378,488	$359,840	$80,060	$18,648
2020	$335,620	$274,208	$71,412	$61,412

Grand Rapids Speedway