LAS VEGAS GRAND PRIX FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

TY KEARNS

Phone

7208755400

Tax Period

2023-01-01 to 2023-12-31

LAS VEGAS GRAND PRIX FOUNDATION, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $776K in total revenue in fiscal year 2023. The organization ran a surplus of $189K, a strong 24% operating margin.

Mission

ESTABLISHED IN 2022, THE LAS VEGAS GRAND PRIX FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION FORMED BY LAS VEGAS GRAND PRIX, INC., WHICH AIMS TO CREATE LASTING POSITIVE CHANGE IN SOUTHERN NEVADA. (SEE SCHEDULE O)THE FOUNDATION IS COMMITTED TO DIRECTING RESOURCES TO IMPACTFUL ORGANIZATIONS THAT ARE DEVOTED TO IMPROVING THE LIVES OF THE RESIDENTS OF SOUTHERN NEVADA.

Program Service Accomplishments

Program 1

Expenses: $587,000 Revenue: $776,021

BE A GRANT-MAKING ORGANIZATION, GIVING FINANCIAL ASSISTANCE TO OTHER 501(C)(3) ORGANIZATIONS THAT ARE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, LITERARY AND ELEEMOSYNARY OBJECTS AND PURPOSES. THE FOUNDATION'S GRANT-MAKING ACTIVITIES WILL FOCUS ON BENEFITING 501(C)(3) ORGANIZATIONS THAT PROVIDE SERVICES TO PROMOTE STEM EDUCATION, AFFECT CHANGE AMONG AT-RISK YOUTH, SUSTAINABILITY AND SUPPORT LOCAL BUSINESSES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $776,021

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $776,021

Expense Breakdown

Grants Paid $587,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $587,000

Other Expenses $3

TOTAL EXPENSES $587,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$776,021	N/A	N/A
Expenses	$587,003	N/A	N/A
Net Income	$189,018	$0	N/A

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY B MAFFEI	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
RENEE L WILM	CEO AND PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG E TROYER START 0823	SENIOR VP/GENERAL COUNSEL	1.00	Officer Director	$0	$0	$0
JOSEF HOELSCHER	SENIOR VICE PRESIDENT-FINANCE	1.00	Officer	$0	$0	$0
EMILY PRAZER START 0823	SENIOR VICE PRESIDENT	1.00	Officer	$0	$0	$0
TIM LENNEMAN	SENIOR VICE PRESIDENT-TAX	1.00	Officer	$0	$0	$0
TY KEARNS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL HURELBRINK	ASSISTANT VICE PRESIDENT/SECRETARY	1.00	Officer	$0	$0	$0
JOANNA JACKSON START 0523	ASSISTANT VICE PRESIDENT	1.00	Officer	$0	$0	$0
KELLY KING	ASSISTANT VICE PRESIDENT	1.00	Officer	$0	$0	$0
JESSICA MOORE	ASSISTANT VICE PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$776,021	$587,003	$189,018	$189,018