Sheridan Motorsports Association
EIN: 812933102 · Sheridan, WY
| Metric | Value |
|---|---|
| Total Revenue | $338K |
| Total Expenses | $256K |
| Net Assets | $115K |
Is Sheridan Motorsports Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sheridan Motorsports Association
Sheridan Motorsports Association (EIN: 812933102) is a nonprofit organization based in Sheridan, WY. The organization reported total revenue of $338K and total assets of $454K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheridan Motorsports Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheridan Motorsports Association is a small nonprofit that has been operating for 7 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $286K |
| Total Expenses | $256K |
| Surplus / Deficit | +$31K |
| Total Assets | $459K |
| Total Liabilities | $344K |
| Net Assets | $115K |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 74.9% |
| Months of Reserves | 21.6 months |
Financial Health Grade: A
In 2023, Sheridan Motorsports Association reported a surplus of $31K with revenue exceeding expenses, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 74.9% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Sheridan Motorsports Association's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.8% | -13.6% | +4.7% |
| 2022 | +5.6% | +23.0% | -3.1% |
| 2021 | +44.4% | +33.1% | +755.5% |
| 2020 | +7.4% | -2.6% | +24.7% |
| 2019 | -3.0% | +10.9% | -17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sheridan Motorsports Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sheridan Motorsports Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 74.9%.
Frequently Asked Questions about Sheridan Motorsports Association
Is Sheridan Motorsports Association a legitimate charity?
Sheridan Motorsports Association (EIN: 812933102) is a registered tax-exempt nonprofit based in Wyoming. It has 8 years of IRS 990 filings on record. Total revenue: $338K. No red flags identified. Financial health grade: A.
How does Sheridan Motorsports Association spend its money?
Sheridan Motorsports Association reported $338K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sheridan Motorsports Association tax-deductible?
Sheridan Motorsports Association is registered as a tax-exempt nonprofit (EIN: 812933102). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sheridan Motorsports Association located?
Sheridan Motorsports Association is headquartered in Sheridan, Wyoming and files with the IRS under EIN 812933102.
How many years of IRS 990 filings does Sheridan Motorsports Association have?
Sheridan Motorsports Association has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $338K in total revenue.
Filing History
IRS 990 filing history for Sheridan Motorsports Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Sheridan Motorsports Association's revenue has grown by 253.5%, moving from $81K to $286K. Total assets increased by 3635.9% over the same period, from $12K to $459K. Total functional expenses rose by 272%, from $69K to $256K. In its most recent filing year (2023), Sheridan Motorsports Association reported a surplus of $31K, with revenue exceeding expenses. The organization holds $344K in liabilities against $459K in assets (debt-to-asset ratio: 74.9%), resulting in net assets of $115K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $286K | $256K | $459K | $344K | — | — |
| 2022 | $291K | $296K | $438K | $354K | — | View 990 |
| 2021 | $276K | $240K | $452K | $364K | — | View 990 |
| 2020 | $191K | $181K | $53K | $0 | — | — |
| 2019 | $178K | $185K | $42K | $59 | — | View 990 |
| 2018 | $183K | $167K | $51K | $2K | — | View 990 |
| 2017 | $147K | $126K | $34K | $0 | — | View 990 |
| 2016 | $81K | $69K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $286K, expenses of $256K, and assets of $459K (revenue -1.8% year-over-year).
- 2022: Revenue of $291K, expenses of $296K, and assets of $438K (revenue +5.6% year-over-year).
- 2021: Revenue of $276K, expenses of $240K, and assets of $452K (revenue +44.4% year-over-year).
- 2020: Revenue of $191K, expenses of $181K, and assets of $53K (revenue +7.4% year-over-year).
- 2019: Revenue of $178K, expenses of $185K, and assets of $42K (revenue -3.0% year-over-year).
- 2018: Revenue of $183K, expenses of $167K, and assets of $51K (revenue +24.6% year-over-year).
- 2017: Revenue of $147K, expenses of $126K, and assets of $34K (revenue +81.8% year-over-year).
- 2016: Revenue of $81K, expenses of $69K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheridan Motorsports Association:
Data Sources and Methodology
This transparency report for Sheridan Motorsports Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.