Reno Air Racing Association Inc (EIN 880093380) - 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

1964

Legal Domicile

Principal Officer

Tony Logoteta

Phone

7759726663

Tax Period

2023-01-01 to 2023-12-31

Reno Air Racing Association Inc, founded in 1964, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.7M in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 38% operating margin.

Mission

Produce a unique air racing event, honor military, inspire youth and strengthen our community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $890,103

Program Service Revenue $9,839,184

Investment Income $43,006

Other Revenue $-78,504

TOTAL REVENUE $10,693,789

Expense Breakdown

Grants Paid $84,310

Salaries & Benefits $477,975

Fundraising Expenses $0

Program Expenses $5,693,640

Other Expenses $6,055,610

TOTAL EXPENSES $6,617,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,693,789	$5,115,965	+1.1%
Expenses	$6,617,895	$5,320,512	+0.2%
Net Income	$4,075,894	$-204,547	-20.9%

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

Volunteers

1500

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

$190,032

Total Directors

$190,032

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tony Logoteta	Chief Operating Officer	50.00	Officer Director	$101,479	$13,553	$115,032
Frederick Telling	Chairman/CEO	25.00	Officer Director	$75,000	$0	$75,000
Terry Matter	Vice Chair	12.00	Officer Director	$0	$0	$0
Joey Scolari	Secretary	5.00	Officer Director	$0	$0	$0
Mark Bailey	Treasurer	5.00	Officer Director	$0	$0	$0
Mary Beth Sewald	Director	3.00	Director	$0	$0	$0
Fay Gregory	Director	3.00	Director	$0	$0	$0
Todd Donahue	Director	3.00	Director	$0	$0	$0
Bobbi Thompson	Director	3.00	Director	$0	$0	$0
Tony Marini	Director	3.00	Director	$0	$0	$0
Sue Gardner	Director	3.00	Director	$0	$0	$0
William Freeman	Director	3.00	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
2024	No data	No data	No data	No data
2023	$10,693,789	$6,617,895	$4,417,627	$4,075,894
2022	$5,115,965	$5,320,512	$594,544	$-204,547
2021	$5,151,361	$4,680,837	$901,025	$470,524
2020	$1,180,062	$1,076,159	$544,022	$103,903
2019	$4,825,106	$5,247,653	$604,511	$-422,547
2018	$4,884,150	$4,970,832	$742,594	$-86,682

Reno Air Racing Association Inc