TEAM WWF INC

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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

Principal Officer

MARK MCALISTER

Phone

3176265033

Tax Period

2024-01-01 to 2024-12-31

TEAM WWF INC, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $371K in total revenue in fiscal year 2024.

Mission

TEAM WWF WILL PROVIDE YOUNG, DISADVANTAGED, AND MINORITY RACE CAR DRIVERS WITH THE EDUCATION AND TRAINING TO PERMIT THEM TO ADVANCE TO AN ELEVATED LEVEL OF RACING IN NATIONAL COMPETITIONS. TEAM WWF WILL PROVIDE THE INSTRUCTION BY SKILLED PROFESSIONAL DRIVERS AND PROVIDE THE USE OF THE FACILITIES AND RACE CAR SIMULATORS TO ACHIEVE SUCCESS IN TRAINING. RACE CAR DRIVING IS AN EXPENSIVE SPORT AND MANY TALENTED DRIVERS LACK THE FINANCIAL SUPPORT TO PROGRESS IN THE SPORT OF RACE CAR DRIVING. IT IS ESTIMATED THAT ONLY ABOUT FORTY PERCENT OF ALL RACE CAR DRIVERS ARE SELF-SUSTAINING.

Program Service Accomplishments

Program 1

Expenses: $219,326 Revenue: $41,819

THE ORGANIZATION MAINTAINS A PROGRAM-DRIVEN SUITE THROUGHOUT THE RACING SEASON, USING EACH EVENT TO ACTIVELY ENGAGE ATTENDEES, HIGHLIGHT SPONSORED MINORITY AND LOW-INCOME DRIVERS, AND PROMOTE ITS...

THE ORGANIZATION MAINTAINS A PROGRAM-DRIVEN SUITE THROUGHOUT THE RACING SEASON, USING EACH EVENT TO ACTIVELY ENGAGE ATTENDEES, HIGHLIGHT SPONSORED MINORITY AND LOW-INCOME DRIVERS, AND PROMOTE ITS MISSION TO EXPAND ACCESS AND INCLUSION IN MOTORSPORTS. SUITE ADMISSIONS HELP FUND ONGOING DRIVER SPONSORSHIPS AND PROGRAM ACTIVITIES.

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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 $324,953

Program Service Revenue $41,819

Investment Income $3,866

Other Revenue $0

TOTAL REVENUE $370,638

Expense Breakdown

Grants Paid $198,708

Salaries & Benefits $0

Fundraising Expenses $94,993

Program Expenses $219,326

Other Expenses $200,146

TOTAL EXPENSES $398,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,638	N/A	N/A
Expenses	$398,854	N/A	N/A
Net Income	$-28,216	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

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
MARK MCALISTER	PRESIDENT	20.00	Officer	$0	$0	$0
ALORA MCALISTER	VICE PRESIDENT	20.00	Officer	$0	$0	$0
KAREN WORKMAN	SECRETARY/TREASURY	5.00	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	$370,638	$398,854	$354,060	$-28,216