OFFSHORE RACING OUTREACH CORPORATION

EIN: 873469578 501(c)(3) Education

SAN PEDRO, CA

Total Revenue
$292,407
Total Expenses
$433
Total Assets
$291,974
Net Assets
$291,974
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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
2021
Legal Domicile
CA
Principal Officer
WILLIAM MCCLURE
Phone
2132682642
Tax Period
2021-01-01 to 2021-12-31

OFFSHORE RACING OUTREACH CORPORATION, founded in 2021, is a small nonprofit in the Education sector that reported $292K in total revenue in fiscal year 2021. The organization ran a surplus of $292K, a strong 100% operating margin.

Mission

TO PROVIDE EDUCATION AND TRAINING IN THE SPORT OF BIG BOAT OFFSHORE SAILBOAT RACING.

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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 $292,400
Program Service Revenue $0
Investment Income $7
Other Revenue $0
TOTAL REVENUE $292,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $433
TOTAL EXPENSES $433

Year-over-Year Comparison

2021 2020 Change
Revenue $292,407 N/A N/A
Expenses $433 N/A N/A
Net Income $291,974 N/A N/A
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
6
Independent Members
6
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIE ROGERS President 2.00
Director
$0 $0 $0
WILLIAM MCCLURE Treasurer 2.00
Director
$0 $0 $0
DAVID CALLOWAY Secretary 2.00
Director
$0 $0 $0
WILLIAM ROGERS Director 2.00
Director
$0 $0 $0
BETSY SENESCU Director 2.00
Director
$0 $0 $0
JOHN JOURDANE Director 2.00
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
2021 $292,407 $433 $291,974 $291,974
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