Flatout Without Limits

EIN: 873481729 501(c)(3) Human Services

Tucson, AZ

Total Revenue
$90,164
Total Expenses
$182,564
Total Assets
$145,897
Net Assets
$116,440
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
AZ
Principal Officer
Stefan Asseg
Phone
2485259528
Tax Period
2023-01-01 to 2023-12-31

Flatout Without Limits, founded in 2021, is a micro nonprofit in the Human Services sector that reported $90K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $183K exceeded revenue, resulting in a 102% operating deficit.

Mission

To provide access to adventure and extreme sports for youth, disabled, and sponsored athletes.

Program Service Accomplishments

Program 1
Expenses: $145,757

Extreme Sport 1 Drifting - 4 athletes were chose as sponsored athletes in 2023, including two high school-aged athletes and one disabled athlete. One additional vehicle was purchased and modified for...

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Extreme Sport 1 Drifting - 4 athletes were chose as sponsored athletes in 2023, including two high school-aged athletes and one disabled athlete. One additional vehicle was purchased and modified for drifiting 4 total, then the athletes were allowed to use the vehicle to participate in several race events. Additionally, tires the part of the vehicle that needs replaced at each event were supplied for the three vehicles, as well as supplied to the other one athlete that had her own vehicle. All track fees and safety equipment were provided free of charge for the athletes, as well as racing parts that are needed on the vehicles. Further work continues on acquiring more sponsored athletes.

Program 2
Expenses: $35,556

Extreme Sport 2 Mountain Biking - 2 athletes were chose as sponsored athletes in 2023, including one high school-aged female athlete. Two e-bike mountain bikes were purchased, then the athletes were...

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Extreme Sport 2 Mountain Biking - 2 athletes were chose as sponsored athletes in 2023, including one high school-aged female athlete. Two e-bike mountain bikes were purchased, then the athletes were allowed to use the bicycles to participate in race events and Flatout-sponsored rides. Additionally, all safety equipment was provided to the athletes, as well as maintenance on the bicycles. Further work continues on gaining more sponosored athletes and providing more riding events.

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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 (2023)

Revenue Breakdown

Contributions & Grants $88,600
Program Service Revenue $0
Investment Income $1,564
Other Revenue $0
TOTAL REVENUE $90,164

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $181,313
Other Expenses $76,352
TOTAL EXPENSES $182,564

Year-over-Year Comparison

2023 2022 Change
Revenue $90,164 $215,574 -0.6%
Expenses $182,564 $92,848 +1.0%
Net Income $-92,400 $122,726 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stefan Asseg President/Treasurer 015.00
Officer Director
$0 $0 $0
Frank Oldje Vice President 004.00
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 No data No data No data No data
2023 $90,164 $182,564 $145,897 $-92,400
2022 $215,574 $92,848 $213,105 $122,726
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