Atlanta Track Club Foundation Inc

Nonprofit profile at a glance

EIN
352724418
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Atlanta, GA, USA
Phone
4042319064
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$366,958
Expenses
$598,865
Assets
$130,640
Liabilities
$842,047

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • RICH KENAH (CEO)
  • KENDYL MOSS (PRESIDENT)

Highest reported compensation

  • RICH KENAH (CEO): $414,300 total reported compensation
  • KENDYL MOSS (PRESIDENT): $185,914 total reported compensation
  • CULLEN BRYENTON (CFO): $183,338 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Type 1 supporting organization of atlanta track club. Responsible for fundraising, charitable contributions and capital projects. The organization's initial activity will be to raise funding to construct, open and maintain an indoor center to serve as a running and fitness hub for atlanta and a community center for the residents of grove park. Once the indoor center opens, 70% of the foundation's efforts will be to support and enhance the atlanta track club, inc. And 30% will provide support to organizations in atlanta that support health and fitness.

What it reported doing in 2024

Endurance Cardio Data Registry Grant: The Foundation provided a $10,000 grant to Emory for the Endurance Cardio Data Registry. This grant by the Foundation was made possible by a grant from the Southern Co Charitable Foundation. The Atlanta Track Club and Emory Sports Cardiology continue to be involved in research promoting the cardiovascular health in Masters athletes to study disparities and the CV health of Masters athletes. This project is studying the impact of self-identified race and social determinants of health on CV phenotypes in a mixed cohort of Black and White women and men Masters athletes. The goal is to recruit and study ~240 athletes over the coming 1-3 years to complete this study. This study includes questionnaires, basic blood tests, and non-invasive cardiovascular testing (vascular function, echocardiography, and a coronary calcium score.) ATC Foundation funding supports the acquisition of these study tests. Key Participants include athletes aged between 40-65 years-old with no prior cardiac history and overall lower cardiac risk, who must be engaged in high levels of exercise (includes prior endurance competitions and regular high amounts of exercise per week.)

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 6
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.5%; rating input score 58
  • Program expense ratio: 35.3%; rating input score 35
  • Fundraising efficiency: $0.78 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -63.2%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 6.45; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 47.5%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 1.3% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 35.2% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 57.5% of revenue deployed · 35.3% of spending went to programs
  • Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $211K in reported program spending
  • Leadership: top reported pay $414K · 11 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 35/100.
  • High — Financial Efficiency: Fundraising efficiency scored 5/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.