Formula Automotive Museum (EIN 920738446) - 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

2022

Legal Domicile

Principal Officer

Srivathsan Iyengar

Tax Period

2024-01-01 to 2024-12-31

Formula Automotive Museum, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $156K in total revenue in fiscal year 2024. The organization ran a surplus of $126K, a strong 81% operating margin.

Mission

The organization is organized exclusively for charitable, religious, educational, and scientific purposes under section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code. The entity operates a public automobile museum.

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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 $155,492

Program Service Revenue $0

Investment Income $408

Other Revenue $0

TOTAL REVENUE $155,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,474

Other Expenses $30,357

TOTAL EXPENSES $30,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,900	N/A	N/A
Expenses	$30,357	N/A	N/A
Net Income	$125,543	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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Srivathsan Iyengar	President	20.00	Officer Director	$0	$0	$0
Reginald Draper	Vice President	2.00	Officer Director	$0	$0	$0
Haris Rafique	Secretary	2.00	Officer 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
2024	$155,900	$30,357	$477,289	$125,543
2024	$183,400	$30,357	$504,789	$153,043
2023	$76,126	$20,369	$266,898	$55,757
2022	$162,141	$9,866	$152,275	$152,275

Formula Automotive Museum