IDITAROD TRAIL RACE FOUNDATION C/O JOHN K NORMAN SECRETARY (EIN 920080285) - 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

2001

Legal Domicile

Principal Officer

JOHN NORMAN

Phone

9073453110

Tax Period

2022-01-01 to 2022-12-31

IDITAROD TRAIL RACE FOUNDATION C/O JOHN K NORMAN SECRETARY, founded in 2001, is a micro nonprofit that reported $24K in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $471K exceeded revenue, resulting in a 1890% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED TO PROMOTE SLED DOG RACING OVER THE HISTORIC IDITAROD SLED DOG TRAIL, TO PRESERVE AND MAINTAIN THE TRAIL SYSTEM AND TO PROMOTE THE CONTINUANCE OF THE IDITAROD SLED DOG RACE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,922

Program Service Revenue $0

Investment Income $8,755

Other Revenue $0

TOTAL REVENUE $23,677

Expense Breakdown

Grants Paid $429,306

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $443,027

Other Expenses $41,775

TOTAL EXPENSES $471,081

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,677	$31,518	-0.2%
Expenses	$471,081	$22,229	+20.2%
Net Income	$-447,404	$9,289	-49.2%

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

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
WILSON HUGHES	CHAIRMAN AND TRUSTEE	0.50	Officer Director	$0	$0	$0
JOHN NORMAN	SECRETARY AND TRUSTEE	3.00	Officer Director	$0	$0	$0
JAMES WOOD	TRUSTEE	0.50	Director	$0	$0	$0
GAIL PHILLIPS	TRUSTEE	0.50	Director	$0	$0	$0
DAVID MONSON	TRUSTEE	0.50	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
2022	$23,677	$471,081	No data	$-447,404
2021	$31,518	$22,229	$447,404	$9,289
2020	$20,273	$29,305	$438,115	$-9,032
2018	$39,318	$46,107	$488,154	$-6,789

IDITAROD TRAIL RACE FOUNDATION C/O JOHN K NORMAN SECRETARY