RACING FOR ALS INC (EIN 850750246) - 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

SCOTT LLOYD

Phone

9193879892

Tax Period

2024-01-01 to 2024-12-31

RACING FOR ALS INC, founded in 2020, is a community nonprofit in the Diseases & Disorders sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $983K left a modest 6% surplus.

Mission

TO RAISE FUNDS AND AWARENESS FOR RESEARCH AND TREATMENT OF MOTOR NEURON DISEASE (ALS).

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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 $1,041,059

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $1,041,063

Expense Breakdown

Grants Paid $577,101

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $983,179

Other Expenses $406,078

TOTAL EXPENSES $983,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,041,063	$876,986	+0.2%
Expenses	$983,179	$920,332	+0.1%
Net Income	$57,884	$-43,346	-2.3%

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

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
SCOTT LLOYD	PRESIDENT	5.00	Officer	$0	$0	$0
CAMERON SINGLETON	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
MARYA LLOYD	SECRETARY/TREASURER	5.00	Officer	$0	$0	$0
ANDREW TRAMMEL	TREASURER	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
2024	$1,041,063	$983,179	$199,119	$57,884
2024	$1,041,063	$983,179	$199,119	$57,884
2023	$876,986	$920,332	$210,318	$-43,346
2022	$759,873	$743,319	$296,333	$16,554
2022	No data	No data	$161,073	No data
2021	$264,600	$274,612	$207,853	$-10,012
2020	$323,965	$152,880	$233,376	$171,085

RACING FOR ALS INC