NEW ENGLAND HORSEMEN'S BENEVOLENT PROTECTIVE ASSOCIATION INC (EIN 043206606) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

PAUL UMBRELLO

Phone

6177443603

Tax Period

2023-01-01 to 2023-12-31

NEW ENGLAND HORSEMEN'S BENEVOLENT PROTECTIVE ASSOCIATION INC, founded in 1992, is a small nonprofit that reported $725K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $876K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE ORGANIZATION'S MAIN PURPOSE IS TO PROMOTE THE SPORT OF THOROUGHBRED HORSE RACING AND PROMOTE THE WELFARE OF THE PERSONNEL WITHIN THE INDUSTRY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $712,120

Investment Income $12,439

Other Revenue $0

TOTAL REVENUE $724,559

Expense Breakdown

Grants Paid $514,557

Salaries & Benefits $197,541

Fundraising Expenses $0

Other Expenses $163,613

TOTAL EXPENSES $875,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$724,559	$666,339	+0.1%
Expenses	$875,711	$759,600	+0.2%
Net Income	$-151,152	$-93,261	+0.6%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$187,251

Total Directors

$187,251

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY SPADEA	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS TRAKAS	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY DULLEA	TREASURER	40.00	Officer Director	$63,325	$0	$63,325
KEVIN MCCARTHY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE SACCARDO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL UMBRELLO	EXEC DIRECTOR	40.00	Officer Director	$123,926	$0	$123,926
DAN JOYCE	DIRECTOR	1.00	Director	$0	$0	$0
LEONA MCKANAS	DIRECTOR	1.00	Director	$0	$0	$0
AL TASSONE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
TIM KIRBY	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$724,559	$875,711	$677,024	$-151,152
2022	$666,339	$759,600	$840,962	$-93,261
2021	$670,286	$739,856	$916,038	$-69,570
2020	$659,173	$403,150	$1,005,935	$256,023
2019	$706,831	$390,656	$845,542	$316,175
2018	$336,117	$480,604	$623,639	$-144,487

NEW ENGLAND HORSEMEN'S BENEVOLENT PROTECTIVE ASSOCIATION INC