TRI-STATE HORSEMEN'S ASSOCIATION I (EIN 061107324) - 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

1972

Legal Domicile

Principal Officer

SHARON PLANTE

Phone

8605644700

Tax Period

2023-01-01 to 2023-12-31

TRI-STATE HORSEMEN'S ASSOCIATION I, founded in 1972, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 18% operating margin.

Mission

PROMOTE HORSEMENSHIP TO MEMBERS

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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 $10,705

Program Service Revenue $197,646

Investment Income $749

Other Revenue $0

TOTAL REVENUE $209,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6

Program Expenses $159,822

Other Expenses $170,839

TOTAL EXPENSES $170,839

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,100	$104,030	+1.0%
Expenses	$170,839	$80,408	+1.1%
Net Income	$38,261	$23,622	+0.6%

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

N/A

Independent Members

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN BLAKE	DIRECTOR	N/A	Director	$0	$0	$0
WALTER COMIRE	DIRECTOR	N/A	Director	$0	$0	$0
GINA MARIE FRATANTUONO	DIRECTOR	N/A	Director	$0	$0	$0
FLO HARMAN	DIRECTOR	N/A	Director	$0	$0	$0
DONNA JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
JOE JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
NANCY LOOMIS	DIRECTOR	N/A	Director	$0	$0	$0
CYNTHIA LUSSIER	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER PLOUFFE	DIRECTOR	N/A	Director	$0	$0	$0
NANCY WARE	DIRECTOR	N/A	Director	$0	$0	$0
CANDACE LETSON-ZUBEE	SECRETARY	N/A	Officer	$0	$0	$0
MAEGAN MANING	V PRESIDENT	N/A	Officer	$0	$0	$0
SHARON PLANTE	TREASURER	N/A	Officer	$0	$0	$0
BETH STONE	PRESIDENT	N/A	Officer	$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	$209,100	$170,839	$182,045	$38,261
2022	$104,030	$80,408	$144,384	$23,622
2021	$50,113	$52,729	$119,150	$-2,616
2020	$9,161	$37,654	$121,766	$-28,493
2019	$154,633	$187,144	$144,351	$-32,511

TRI-STATE HORSEMEN'S ASSOCIATION I