Marianas Racing Association

Nonprofit profile at a glance

EIN
204859523
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Saipan, MP, USA
Phone
6702358722
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Amateur Sports Competitions

Reported finances

Revenue
$37,473
Expenses
$20,653
Assets
$16,591
Liabilities
$0

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

Leadership & pay

5 people listed

Executive titles in this filing

  • Ellery Cruz (President)
  • Justis Alvarez (Vice President)

People named in this filing

  • Ellery Cruz (President)
  • Justis Alvarez (Vice President)
  • Amanda Cruz (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To promote motor sports in the CNMI. To develop awareness of the benefits of participating in motor sports to the youth of the CNMI, and to enhance the CNMI as a tourist destination with the hosting of race events featuring regional and international racers and race teams.

What it reported doing in 2024

MRA hosted a series of points races from January through July 2024. The major event was held in November 2024. Almost 40 racers from Guam traveled to the CNMI to participate in a two day race with MRA members. Over 100 racers participated in the event. Maintenance of the facitlities was continued in 2024, funded mostly by membership dues and race fees.

Operating model

Revenue model
Grant-funded. 85% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

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

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 90
  • Accountability: 12
  • Sustainability: 62
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.7%; rating input score 55
  • Program expense ratio: 99.3%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 44.9%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 0.8; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -49.9% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -58.2% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -47.3% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 54.7% of revenue deployed · 99.3% of spending went to programs
  • Governance: 0 of 5 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $21K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Accountability: Independent voting board scored 0/100.
  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Growth: Asset growth scored 0/100.