BAYLANDS QUARTER MIDGET ASSOCIATION (EIN 943017045) - 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

1986

Legal Domicile

Principal Officer

SEBASTIAN LACEY

Phone

8314356048

Tax Period

2024-01-01 to 2024-12-31

BAYLANDS QUARTER MIDGET ASSOCIATION, founded in 1986, is a micro nonprofit that reported $65K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $57K left a modest 11% surplus.

Mission

OUR MISSION IS TO INSPIRE AND EMPOWER YOUNG RACERS THROUGH THE EXCITING AND EDUCATIONAL SPORT OF QUARTER MIDGET RACING. WE ARE COMMITTED TO PROVIDING A SAFE, FAMILY-ORIENTED ENVIRONMENT WHERE CHILDREN AGES 5 TO 16 CAN DEVELOP DRIVING SKILLS, BUILD CONFIDENCE, LEARN SPORTSMANSHIP, AND CULTIVATE LIFELONG VALUES OF TEAMWORK, DISCIPLINE, AND RESPECT-ON AND OFF THE TRACK.

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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 $64,513

Program Service Revenue $0

Investment Income $40

Other Revenue $0

TOTAL REVENUE $64,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,364

Program Expenses $53,982

Other Expenses $57,346

TOTAL EXPENSES $57,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,553	$44,045	+0.5%
Expenses	$57,346	$41,016	+0.4%
Net Income	$7,207	$3,029	+1.4%

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

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
SEBASTIAN LACEY	TREASURER	5.00	Officer	$0	$0	$0
DENNIS RICE	PRESIDENT	5.00	Officer	$0	$0	$0
TIFFANY RICE	SECRETARY	2.00	Officer	$0	$0	$0
DAM STROMSKA	VICE PRESIDE	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	$64,553	$57,346	$40,200	$7,207

BAYLANDS QUARTER MIDGET ASSOCIATION