STANDARDBRED OWNERS OF MASSACHUSETTS INC (EIN 043164258) - 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

1992

Legal Domicile

Principal Officer

NANCY LONGOBARDI

Phone

5085281877

Tax Period

2024-01-01 to 2024-12-31

STANDARDBRED OWNERS OF MASSACHUSETTS INC, founded in 1992, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 5% surplus.

Mission

TO PROMOTE THE BUSINESS OF STANDARDBRED HORSE BREEDING RACING 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 (2024)

Revenue Breakdown

Contributions & Grants $950

Program Service Revenue $2,765,667

Investment Income $62,759

Other Revenue $0

TOTAL REVENUE $2,829,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,682,582

TOTAL EXPENSES $2,682,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,829,376	$2,974,453	0.0%
Expenses	$2,682,582	$2,802,382	0.0%
Net Income	$146,794	$172,071	-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

N/A

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

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY LONGOBARDI	SECRETARY/TREASURER	010.00	Director	$25,000	$0	$25,000
RAYMOND CAMPBELL JR	PRESIDENT	N/A	Director	$0	$0	$0
PAUL VACCA	VICE PRESIDENT	N/A	Director	$0	$0	$0
CLIFFORD MORCOM	DIRECTOR	N/A	Director	$0	$0	$0
PAUL FONTAINE	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE DUCHARME	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER ANTONACCI	DIRECTOR	N/A	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
2024	$2,829,376	$2,682,582	$1,321,404	$146,794
2023	$2,974,453	$2,802,382	$1,174,610	$172,071
2022	$2,454,018	$2,359,047	$1,002,539	$94,971
2021	$2,563,364	$2,122,313	$907,568	$441,051
2020	$1,255,250	$1,383,547	$466,518	$-128,297
2020	$1,382,364	$1,383,134	$594,045	$-770

STANDARDBRED OWNERS OF MASSACHUSETTS INC