Tri-valley Quarter Midget Racing is a 501(c)(3) organization based in Livermore, California, registered in 2004, with $51,476 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$51K
▼ 24.2% vs prior year
Recreation median: $129K
Expenses (FY2024)
$49K
Net assets
$56K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Tri-valley Quarter Midget Racing— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Tri-valley Quarter Midget Racing: 14 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Tri-valley Quarter Midget Racing— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Tri-valley Quarter Midget Racing: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $20K (FY2010) to $51K (FY2024) across 15 reported years.
Financial snapshot
Operating margin
5.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$56K
Total liabilities
$0
Net assets
$56K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $51,476▼24.2% | $48,556▲0.5% | $56,295▲5.5% | $56,295▲5.5% | 990EZ |
| 2023 | $67,896▼14.5% | $48,306▼8.9% | $53,375▲58.0% | $53,375▲58.0% | 990EZ |
| 2022 | $79,427▲70.8% | $52,999▼9.3% | $33,785▲1124% | $33,785▲1124% | 990EZ |
| 2021 | $46,490▲42.8% | $58,410▲29.2% | $2,760▼81.2% | $2,760▼81.2% | 990EZ |
| 2020 | $32,557▼29.4% | $45,210▲0.4% | $14,678▼46.3% | $14,678▼46.3% | 990EZ |
| 2019 | $46,112▲13.7% | $45,043▲4.7% | $27,331▲4.1% | $27,331▲4.1% | 990EZ |
| 2018 | $40,544▲2.5% | $43,005▲18.9% | $26,262▼8.6% | $26,262▼8.6% | 990EZ |
| 2017 | $39,559▼22.3% | $36,172▼26.7% | $28,723▼17.5% | $28,723▼17.5% | 990EZ |
| 2016 | $50,914▼12.7% | $49,351▲1.4% | $34,804▲40.0% | $34,804▲40.0% | 990EZ |
| 2015 | $58,314▲69.6% | $48,652▲46.6% | $24,867▲60.8% | $24,867▲59.5% | 990EZ |
| 2014 | $34,383▼50.3% | $33,180▼63.4% | $15,468▲4.4% | $15,593▲5.3% | 990EZ |
| 2013 | $69,162▲30.8% | $90,675▲87.7% | $14,811▼59.2% | $14,811▼59.2% | 990EZ |
| 2012 | $52,888▲216% | $48,301▲261% | $36,324▲14.5% | $36,324▲14.5% | 990EZ |
| 2011 | $16,712▼17.7% | $13,398▼40.9% | $31,737▲12.1% | $31,737▲12.1% | 990EZ |
| 2010 | $20,318 | $22,679 | $28,302 | $28,302 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Tri-valley Quarter Midget Racing (EIN 94-6104633) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.