SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING INC (EIN 952544340) - 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

1963

Legal Domicile

Principal Officer

MIKE SPAGNOLA

Phone

9099786707

Tax Period

2024-07-01 to 2025-06-30

SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING INC, founded in 1963, is a mid-sized nonprofit that reported $59.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $52.8M left a modest 11% surplus.

Mission

TO PROVIDE MEMBERS WITH A FORUM TO BUY, SELL, AND MARKET PRODUCTS AND SERVICES WHICH DRIVES THE SPECIALTY AUTOMOTIVE AFTERMARKET INDUSTRY.

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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 $0

Program Service Revenue $54,281,192

Investment Income $4,703,383

Other Revenue $273,187

TOTAL REVENUE $59,257,762

Expense Breakdown

Grants Paid $243,169

Salaries & Benefits $19,387,750

Fundraising Expenses $0

Other Expenses $33,206,384

TOTAL EXPENSES $52,837,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,257,762	$51,625,053	+0.1%
Expenses	$52,837,303	$49,141,494	+0.1%
Net Income	$6,420,459	$2,483,559	+1.6%

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

195

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

$810,430

Total Directors

Key Employees

$642,006

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE FICKLER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
MELANIE WHITE	CHAIR ELECT	3.00	Officer Director	$0	$0	$0
TIM MCCARTHY	TREASURER	3.00	Officer Director	$0	$0	$0
JAMES LAWRENCE	IMMEDIATE PAST CHAIR & SECRETARY	3.00	Officer Director	$0	$0	$0
BILL BADER	BOARD MEMBER	3.00	Director	$0	$0	$0
RICH BUTLER	BOARD MEMBER	3.00	Director	$0	$0	$0
LINDSEY HUBLEY	BOARD MEMBER (THRU 07/24)	3.00	Director	$0	$0	$0
DOUG LANE	BOARD MEMBER	3.00	Director	$0	$0	$0
NORRIS MARSHALL	BOARD MEMBER	3.00	Director	$0	$0	$0
LARRY MONTANTE	BOARD MEMBER (THRU 07/24)	3.00	Director	$0	$0	$0
KELLY OESTE	BOARD MEMBER	3.00	Director	$0	$0	$0
KIM PENDERGAST	BOARD MEMBER	3.00	Director	$0	$0	$0
BRIAN REESE	BOARD MEMBER (THRU 07/24)	3.00	Director	$0	$0	$0
KATHRYN REINHARDT	BOARD MEMBER	3.00	Director	$0	$0	$0
MELISSA SCOLES	BOARD MEMBER	3.00	Director	$0	$0	$0
MARCUS UMLAUFF	BOARD MEMBER	3.00	Director	$0	$0	$0
TED WENTZ	BOARD MEMBER	3.00	Director	$0	$0	$0
STEVE WHIPPLE	BOARD MEMBER (THRU 07/24)	3.00	Director	$0	$0	$0
MIKE SPAGNOLA	PRESIDENT AND CEO	40.00	Officer	$586,689	$30,660	$617,349
RYAN STUTZMAN	CFO	40.00	Officer	$183,389	$9,692	$193,081
TOM GATTUSO	VICE PRESIDENT, EVENTS	40.00	Key Emp	$339,354	$27,336	$366,690
MICHAEL GOOD	PRESIDENT, PRI	40.00	Key Emp	$261,181	$14,135	$275,316
KAREN BAILEY-CHAPMAN	VP, GOV'T & LEGAL AFFAIRS	40.00	Highest	$443,879	$23,836	$467,715
GEORGE AFREMOW	FORMER CFO	40.00	Highest	$386,438	$39,440	$425,878
RJ DE VERA	VICE PRESIDENT, MARKETING	40.00	Highest	$342,483	$23,000	$365,483
WARREN KOSIKOV	VICE PRESIDENT, SALES	40.00	Highest	$291,431	$30,500	$321,931
DARIN D MRAZ	SR. DIRECTOR IT	40.00	Highest	$238,662	$23,712	$262,374
WILLIAM MILLER	FORMER SENIOR VP, OPERATIONS	0.00		$217,874	$0	$217,874

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
2025	$59,257,762	$52,837,303	$156,988,127	$6,420,459
2024	$51,625,053	$49,141,494	$144,882,010	$2,483,559
2023	$42,380,128	$52,949,252	$137,473,335	$-10,569,124
2022	$51,662,563	$48,990,666	$143,261,382	$2,671,897
2021	$20,614,542	$28,643,673	$151,136,909	$-8,029,131
2020	$51,429,216	$43,519,675	$152,182,814	$7,909,541
2019	$50,406,157	$41,892,514	$153,743,762	$8,513,643
2018	$52,327,264	$49,794,447	$143,129,741	$2,532,817

SPECIALTY EQUIPMENT MARKET ASSOCIATION & PERFORMANCE RACING INC