Harness Horsemans Association of New England Inc (EIN 043525497) - 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

2000

Legal Domicile

Principal Officer

Robert J McHugh

Phone

5085239606

Tax Period

2024-01-01 to 2024-12-31

Harness Horsemans Association of New England Inc, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $845K in total revenue in fiscal year 2024. The organization ran a surplus of $307K, a strong 36% operating margin.

Mission

The organization seeks to promote the welfare and development of harness racing. See additional information for the entitys full mission statement.

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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 $0

Program Service Revenue $768,025

Investment Income $76,605

Other Revenue $0

TOTAL REVENUE $844,630

Expense Breakdown

Grants Paid $8,700

Salaries & Benefits $80,872

Fundraising Expenses $0

Program Expenses $476,866

Other Expenses $260,275

TOTAL EXPENSES $537,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$844,630	$856,349	0.0%
Expenses	$537,974	$483,541	+0.1%
Net Income	$306,656	$372,808	-0.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Joseph Flynn	Director	Director	$0	$0	$0
Paul London	Director	Director	$0	$0	$0
Frank M Antonacci	Director	Director	$0	$0	$0
Paul Silva	Director	Director	$0	$0	$0
Bruce Weinstein	Clerk	Director	$0	$0	$0
Robert J McHugh	President	Officer Director	$0	$0	$0
James Hardy	Vice President	Officer Director	$0	$0	$0
Alice D Szpila Tisbert	Director	Officer Director	$0	$0	$0
David Thibault	Treasurer	Officer 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	$844,630	$537,974	$3,123,423	$306,656
2023	$856,349	$483,541	$2,771,836	$372,808
2022	$650,002	$438,521	$2,275,837	$211,481
2021	$726,596	$346,229	$2,319,793	$380,367
2020	$700,030	$554,682	$1,861,083	$145,348
2019	$717,971	$309,038	$1,718,544	$408,933
2018	$652,683	$287,631	$1,231,024	$365,052

Harness Horsemans Association of New England Inc