New York Racing Club Inc
Nonprofit profile at a glance
- EIN
- 990940557
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Brooklyn, NY, USA
- Phone
- 3474247160
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Amateur Sports
Reported finances
- Revenue
- $48,388
- Expenses
- $54,974
- Assets
- $7,924
- Liabilities
- $14,510
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Aliaksandr Kochatau (President)
- Christopher Salucci (Vice President)
People named in this filing
- Aliaksandr Kochatau (President)
- Michael Cumming (Secretary & Treasurer)
- Christopher Salucci (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To encourage, promote, support physical fitness through various racing events such as cycling, triathlon, running, skating, swimming and related sports. Develop and coach both amateur and professional athletes for competition in various racing sports. Endeavor to compile for the benefit of the public training materials, race descriptions, available events, and other materials relevant to racing sports. Develop amateur athletic facilities for use by amateur athletes for training and competition in various racing events. Encourage increased participation, teach teamwork and insure the safe conduct and growth of the sport. Participate as an organization in the administration of the sport of cycling, triathlon and inline speed skating to help ensure the safe conduct and growth of the sport and to assist other concerned organizations and individuals in the development of sport.
What it reported doing in 2024
Triathlons & Race Day Events
Operating model
- Revenue model
- Earned-program. 70% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 24
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.8%; rating input score 100
- Program expense ratio: 87.9%; rating input score 88
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -13.6%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 1.83; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 99.8% of revenue deployed · 87.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $48K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- 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 — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.