THE MCCANDLESS COLLECTION INC

EIN: 920525529 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$375,000
Total Expenses
$226,231
Total Assets
$1,918,295
Net Assets
$1,918,295
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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
NC
Principal Officer
MICHAEL MCCANDLESS
Phone
2124132847
Tax Period
2023-01-01 to 2023-12-31

THE MCCANDLESS COLLECTION INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $375K in total revenue in fiscal year 2023. The organization ran a surplus of $149K, a strong 40% operating margin.

Mission

THE ORGANIZATION OPERATES TO SHOWCASE THE STATE OF THE ART MOPAR AUTOMOBILES, MEMORABILIA, AND CLASSIC CAR PARTS TO PROVIDE PUBLIC BROADER ACCESS TO AND PROVIDE EDUCATION ABOUT AUTOMOBILE RACING AND MOTOR SPORTS.

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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 $375,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $375,000

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $220,887
Other Expenses $221,231
TOTAL EXPENSES $226,231

Year-over-Year Comparison

2023 2022 Change
Revenue $375,000 $394,000 0.0%
Expenses $226,231 $34,474 +5.6%
Net Income $148,769 $359,526 -0.6%
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RJ MARKS DIRECTOR 2.00
Director
$0 $0 $0
ROB CANNON SECRETARY/DI 2.00
Officer
$0 $0 $0
MICHAEL MCCANDLESS PRESIDENT 2.00
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
2024 No data No data No data No data
2023 $375,000 $226,231 $1,918,295 $148,769
2022 $394,000 $34,474 $368,983 $359,526
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