Houston, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
The entity was formed in October of 2022. The entity received its first vehicle as a donation towards the end of the year which marked the start of its journey in becoming a publicly funded classic...
The entity was formed in October of 2022. The entity received its first vehicle as a donation towards the end of the year which marked the start of its journey in becoming a publicly funded classic car museum. In 2023, the museum purchased its second display vehicle and undertook some substantial work in collaboration with the building lessor to ready the museum for its grand opening. The building continued to be worked on through 2024 and is currently in the final stages of completion. The official opening of the museum to the public is scheduled to take place in the first half of 2025.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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 |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
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