Drag Racing Association of Women (EIN 953950424) - 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

1985

Legal Domicile

Principal Officer

Chris Hardesty

Phone

3098253843

Tax Period

2024-01-01 to 2024-12-31

Drag Racing Association of Women, founded in 1985, is a small nonprofit in the Recreation & Sports sector that reported $377K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $110K, a strong 29% operating margin.

Mission

Financial and emotional support to individuals for death or injuries related to drag racing.

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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 $159,124

Program Service Revenue $0

Investment Income $115,878

Other Revenue $101,823

TOTAL REVENUE $376,825

Expense Breakdown

Grants Paid $95,500

Salaries & Benefits $0

Fundraising Expenses $46,741

Program Expenses $96,265

Other Expenses $133,265

TOTAL EXPENSES $266,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$376,825	$273,072	+0.4%
Expenses	$266,334	$322,960	-0.2%
Net Income	$110,491	$-49,888	-3.2%

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
Chris Hardesty	President	1.00	Officer Director	$0	$0	$0
Beth Hyatt	Vice President	1.00	Officer Director	$0	$0	$0
Vicki Aswege	Treasurer	1.00	Officer Director	$0	$0	$0
Rosalee Noble	Fundraising Chairman	1.00	Officer Director	$0	$0	$0
Ashley Yost	Recording Secretary	1.00	Officer Director	$0	$0	$0
Sandra Alberti	Newsletter Editor	1.00	Director	$0	$0	$0
Sarah Bishop	Area Coordinator Liaison	1.00	Director	$0	$0	$0
Debby Thompson	Historian	1.00	Director	$0	$0	$0
Yokie Van Vallis	Trustee	1.00	Director	$0	$0	$0
Steve Le Sueur	Trustee	1.00	Director	$0	$0	$0
Olan Gotcher	Membership Secretary	1.00	Director	$0	$0	$0
Yvette Williams	Trustee	1.00	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
2024	$376,825	$266,334	$1,963,969	$110,491
2023	$273,072	$322,960	$1,742,966	$-49,888
2022	$314,706	$347,451	$1,654,867	$-32,745
2021	$370,833	$302,498	$1,936,106	$68,335
2020	$252,714	$228,992	$1,674,764	$23,722
2019	$302,967	$320,440	$1,901,928	$-17,473
2018	$328,558	$341,871	$1,652,256	$-13,313

Drag Racing Association of Women