RACING FOR MENTAL HEALTH INC

EIN: 872955022 501(c)(3) Human Services

JOLIET, IL

Total Revenue
$157,111
Total Expenses
$111,796
Total Assets
$54,448
Net Assets
$54,448
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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
2022
Legal Domicile
IL
Principal Officer
JAMES MISSIG
Phone
3123214760
Tax Period
2025-01-01 to 2025-12-31

RACING FOR MENTAL HEALTH INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $157K in total revenue in fiscal year 2025. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 29% operating margin.

Mission

EDUCATION ON MENTAL HEALTH ISSUES AND SOLUTIONS

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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 (2025)

Revenue Breakdown

Contributions & Grants $157,111
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $157,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $14,414
Program Expenses $97,382
Other Expenses $111,796
TOTAL EXPENSES $111,796

Year-over-Year Comparison

2025 2024 Change
Revenue $157,111 $77,625 +1.0%
Expenses $111,796 $68,900 +0.6%
Net Income $45,315 $8,725 +4.2%
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
8
Independent Members
8
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES MISSIG PRESIDENT N/A
Officer
$0 $0 $0
KEN PLANTE TREASURER N/A
Officer
$0 $0 $0
CHRIS WARD SECRETARY N/A
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
2025 $157,111 $111,796 $54,448 $45,315
2024 No data No data No data No data
2023 $171,368 $171,333 $408 $35
2022 $86,725 $86,352 $373 $373
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