Ohio Valley Karting Association
Nonprofit profile at a glance
- EIN
- 316081769
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Camden, OH, USA
- Phone
- 9374521218
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $129,572
- Expenses
- $123,852
- Assets
- $130,497
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Aaron Banfield (President)
- Michael Lewis (Vice President)
People named in this filing
- Aaron Banfield (President)
- Lynda Coombs (Track Secretary)
- Michael Lewis (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 provide Go Kart Racing competition for members and to promote racing to Families and young adults. The Ohio Valley Karting Association (OVKA) is a volunteer run organization founded in 1964. Our mission is to grow the sport of karting, by hosting races in a family friendly environment, and through our various promotional and charitable programs. Our membership comes mostly from the Cincinnati and Dayton, Ohio. OVKA does attract racers from as far away as Michigan, Illinois, Kentucky, and Indiana to compete against some of the best racers in the country. OVKA currently promotes 14 points races including the mid-season Memorial Champ Race that count toward our season Championship. In addition to the non-points Karting 101 and the yearend Charity Race. OVKA offers numerous classes, based on age, weight, and engine package.
What it reported doing in 2024
To provide Go Kart Racing competition for members and to promote racing to Families and young adults. The Ohio Valley Karting Association (OVKA) is a volunteer run organization founded in 1964. Our mission is to grow the sport of karting, by hosting races in a family friendly environment, and through our various promotional and charitable programs. Our membership comes mostly from the Cincinnati and Dayton, Ohio. OVKA does attract racers from as far away as Michigan, Illinois, Kentucky, and Indiana to compete against some of the best racers in the country. OVKA currently promotes numerous points races including the mid-season Memorial Champ Race that count toward our season Championship. In addition to the non-points Karting 101 and the yearend Charity Race. OVKA offers numerous classes, based on age, weight, and engine package
Operating model
- Revenue model
- Earned-program. 86% 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.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.6%; rating input score 96
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 4.4%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 95.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $124K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- 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.
- Moderate — Sustainability: Operating margin scored 46/100.