PSI MOTORSPORTS FOUNDATION INC NFP

EIN: 884085542 501(c)(3) Recreation & Sports

STREAMWOOD, IL

Total Revenue
$70,906
Total Expenses
$57,391
Total Assets
$13,515
Net Assets
$13,515
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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
2022
Legal Domicile
IL
Phone
8472584825
Tax Period
2023-01-01 to 2023-12-31

PSI MOTORSPORTS FOUNDATION INC NFP, founded in 2022, is a micro nonprofit in the Recreation & Sports sector that reported $71K in total revenue in fiscal year 2023. The organization ran a surplus of $14K, a strong 19% operating margin.

Mission

PSI MOTORSPORTS FUNDATION, INC. is formed for the charitable purpose of providing resources, support, assistance, and mentorship to individuals and communities in need while promoting motorsport related events car track days, go-kart non-competitive races, driving sessions to promote safe driving, etc.)

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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 $250
Program Service Revenue $70,656
Investment Income $0
Other Revenue $0
TOTAL REVENUE $70,906

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $57,391
Other Expenses $57,391
TOTAL EXPENSES $57,391

Year-over-Year Comparison

2023 2022 Change
Revenue $70,906 N/A N/A
Expenses $57,391 N/A N/A
Net Income $13,515 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
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTUR SOLTYS N/A
Officer
$0 $0 $0
YAROSLAV PYLYPCHUK N/A
Officer
$0 $0 $0
ROBERTO IMPELLITIERE N/A
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 $70,906 $57,391 $13,515 $13,515
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