UTAH MOTORSPORTS FOUNDATION

EIN: 870628481 501(c)(3) Philanthropy & Grantmaking

SALT LAKE CITY, UT

Total Revenue
$5,151
Total Expenses
$28,064
Total Assets
$572,962
Net Assets
$572,962
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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
2000
Legal Domicile
UT
Principal Officer
MIKE NISH
Phone
8015339179
Tax Period
2021-05-01 to 2022-04-30

UTAH MOTORSPORTS FOUNDATION, founded in 2000, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $5K in total revenue in fiscal year 2021. Revenue surged 375% from the prior year, signaling strong growth momentum. Expenses of $28K exceeded revenue, resulting in a 445% operating deficit.

Mission

RAISING FUNDS TO ASSIST INDIVIDUALS IN NEED IN THE MOTORSPORTS INDUSTRY

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $5,143
Program Service Revenue $0
Investment Income $8
Other Revenue $0
TOTAL REVENUE $5,151

Expense Breakdown

Grants Paid $26,909
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,909
Other Expenses $1,155
TOTAL EXPENSES $28,064

Year-over-Year Comparison

2021 2020 Change
Revenue $5,151 $1,085 +3.7%
Expenses $28,064 $23,919 +0.2%
Net Income $-22,913 $-22,834 +0.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY LAWSON TRUSTEE 1.00
Director
$0 $0 $0
JEFF NISH TRUSTEE 1.00
Director
$0 $0 $0
KENT KNOWLEY TRUSTEE 1.00
Director
$0 $0 $0
NICK NACCARATO TRUSTEE 5.00
Director
$0 $0 $0
CECIL MCCRAY TRUSTEE 5.00
Director
$0 $0 $0
MIKE NISH TRUSTEE 10.00
Director
$0 $0 $0
SAM JAMES TRUSTEE 1.00
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
2022 $5,151 $28,064 $572,962 $-22,913
2021 $1,085 $23,919 $595,875 $-22,834
2020 $20,980 $25,880 $626,377 $-4,900
2019 $47,850 $27,735 $631,277 $20,115
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