Great Reno Balloon Race Inc (EIN 880196071) - 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

1982

Legal Domicile

Principal Officer

Mike Klaich

Phone

7758261181

Tax Period

2024-12-01 to 2025-11-30

Great Reno Balloon Race Inc, founded in 1982, is a small nonprofit in the Community Improvement sector that reported $602K in total revenue in fiscal year 2024.

Mission

To promote tourism in Reno with three day balloon race event.

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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 (2024)

Revenue Breakdown

Contributions & Grants $238,664

Program Service Revenue $299,121

Investment Income $9,319

Other Revenue $54,642

TOTAL REVENUE $601,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,351

Fundraising Expenses $39,940

Program Expenses $462,261

Other Expenses $530,375

TOTAL EXPENSES $603,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$601,746	$598,038	+0.0%
Expenses	$603,726	$604,357	0.0%
Net Income	$-1,980	$-6,319	-0.7%

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

N/A

Volunteers

150

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

$87,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pete Copeland	Executive Director	35.00	Officer	$87,800	$0	$87,800
Shila Morris	President	1.00	Officer Director	$0	$0	$0
Chris Dondero	Past President	1.00	Officer Director	$0	$0	$0
Michael Buis	Vice President	1.00	Officer Director	$0	$0	$0
Pilar M Aldecoaotalora	Secretary	1.00	Officer Director	$0	$0	$0
Mike Klaich	Treasurer	1.00	Officer Director	$0	$0	$0
Ginnie Kersey	Director	1.00	Director	$0	$0	$0
Ed Buzzetti	Director	1.00	Director	$0	$0	$0
Ron Smith	Director	1.00	Director	$0	$0	$0
Peggy Stromer	Director	1.00	Director	$0	$0	$0
Nancy Gilbert	Director	1.00	Director	$0	$0	$0
Kay Young	Director	1.00	Director	$0	$0	$0
Elliot Malin	Director	1.00	Director	$0	$0	$0
Frank Picone	Director (thru Oct 25)	1.00	Director	$0	$0	$0
Tony Riviara	Director (thru Jan 25)	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
2025	$601,746	$603,726	$214,045	$-1,980
2024	$598,038	$604,357	$216,025	$-6,319
2023	$596,553	$538,485	$222,344	$58,068
2022	$583,711	$505,671	$164,276	$78,040
2021	$487,686	$389,526	$91,236	$98,160
2020	$126,753	$154,029	$32,134	$-27,276
2019	$396,503	$413,320	$32,678	$-16,817
2018	$361,812	$373,189	$49,495	$-11,377

Great Reno Balloon Race Inc