MASSACHUSETTS THOROUGHBRED BREEDERS ASSOCIATION INC (EIN 042746989) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Karen Benson

Phone

9784216237

Tax Period

2023-01-01 to 2023-12-31

MASSACHUSETTS THOROUGHBRED BREEDERS ASSOCIATION INC, founded in 1981, is a small nonprofit that reported $920K in total revenue in fiscal year 2023. The organization ran a surplus of $671K, a strong 73% operating margin.

Mission

To encourage breeding, ownership, raising, racing and marketing of thoroughbred horses bred and foaled in the commonwealth of Massachusetts

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,300

Program Service Revenue $868,282

Investment Income $48,380

Other Revenue $0

TOTAL REVENUE $919,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $248,591

TOTAL EXPENSES $248,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$919,962	$948,850	0.0%
Expenses	$248,591	$331,739	-0.3%
Net Income	$671,371	$617,111	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donna Pereira	Chairperson	5	Director	$0	$0	$0
Karen Benson	Treasurer	5	Director	$0	$0	$0
Kathleen Reagan	Vice Chairperson	5	Director	$0	$0	$0
Arlene Brown	Director	5	Director	$0	$0	$0
Gregg Rose	Director	5	Director	$0	$0	$0
Frank Catapano	Director	5	Director	$0	$0	$0
Joyce Currie	Director	5	Director	$0	$0	$0
Robert Currie	Director	5	Director	$0	$0	$0
Anthony Spadea	Director	5	Director	$0	$0	$0
Paul Umbrello	Director	5	Director	$0	$0	$0
Armand Janjigian	Director	5	Director	$0	$0	$0
Joseph DiRico	Director	5	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$919,962	$248,591	$2,182,571	$671,371
2022	$948,850	$331,739	$1,511,200	$617,111
2021	$865,124	$349,701	$894,089	$515,423
2020	$593,519	$904,833	$378,666	$-311,314

MASSACHUSETTS THOROUGHBRED BREEDERS ASSOCIATION INC