Trackside Veteran Salute Foundation NFP

EIN: 920982287 501(c)(3) Public & Societal Benefit

Marion, IL

Total Revenue
$401,335
Total Expenses
$277,479
Total Assets
$123,856
Net Assets
$123,856
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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
2023
Legal Domicile
IL
Principal Officer
Doug Stringer
Phone
7049042432
Tax Period
2023-01-09 to 2023-12-31

Trackside Veteran Salute Foundation NFP, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $401K in total revenue in fiscal year 2023. The organization ran a surplus of $124K, a strong 31% operating margin.

Mission

Provide opportunity to Veterans to experiance opportunities of entertainment through motorsports to allow them to escape and bond with new friends via speacial VIP experiences.

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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 $401,335
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $401,335

Expense Breakdown

Grants Paid $100
Salaries & Benefits $186,187
Fundraising Expenses $0
Program Expenses $78,643
Other Expenses $91,192
TOTAL EXPENSES $277,479

Year-over-Year Comparison

2023 2022 Change
Revenue $401,335 N/A N/A
Expenses $277,479 N/A N/A
Net Income $123,856 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
2
Employees
N/A
Volunteers
12

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
$186,187
Total Directors
3
$186,187
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Douglas Stringer President 060.00
Officer Director
$186,187 $0 $186,187
Ross Taylor Vice President 040.00
Officer Director
$0 $0 $0
Stephen Sawyer Secretary / Treasuer 025.00
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
2023 $401,335 $277,479 $123,856 $123,856
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