STANDARDBRED OWNERS ASSOCIATION INC (EIN 111867812) - 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

1951

Legal Domicile

Principal Officer

JOSEPH A FARALDO

Phone

9149683599

Tax Period

2024-01-01 to 2024-12-31

STANDARDBRED OWNERS ASSOCIATION INC, founded in 1951, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 70% operating margin.

Mission

REPRESENTS HORSEOWNERS AND TRAINERS, PROMOTES AND EDUCATES THE PUBLIC ABOUT THE SPORT AND HISTORY OF HARNESS RACING, PROVIDES SUPPORT AND ANCILLIARY ACTIVITIES AT RACETRACKS. PROVIDES FOR INTERNATIONAL COMPETITION WITH SIMILAR ORGANIZATIONS.

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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 $2,845,251

Investment Income $955,390

Other Revenue $0

TOTAL REVENUE $3,800,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,912

Fundraising Expenses $0

Program Expenses $1,153,951

Other Expenses $788,596

TOTAL EXPENSES $1,153,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,800,641	$2,675,804	+0.4%
Expenses	$1,153,951	$1,192,577	0.0%
Net Income	$2,646,690	$1,483,227	+0.8%

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

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

$115,028

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK O'BRIEN	Foundation Mana	30.00	Director	$115,028	$0	$115,028
IRVING ATHERTON	Treasurer	10.00	Officer Director	$0	$0	$0
PETER KLEINHANS	Director	10.00	Director	$0	$0	$0
CHARLES LONGO	Director	10.00	Director	$0	$0	$0
MICHAEL KIMELMAN	Director	10.00	Director	$0	$0	$0
PETER VENAGLIA	1ST VP	10.00	Officer Director	$0	$0	$0
ANDREW HARRIS	Director	10.00	Director	$0	$0	$0
JOSEPH A FARALDO	President	10.00	Officer Director	$0	$0	$0
RAY SCHNITTKER	Director	10.00	Director	$0	$0	$0
TOM CERASO	Director	10.00	Director	$0	$0	$0
CHRIS WITTSTRUCK	Director	10.00	Director	$0	$0	$0
PETER YOUNGER	Director	10.00	Director	$0	$0	$0
STANLEY NOGA	Director	10.00	Director	$0	$0	$0
MICHAEL FORTE	Director	10.00	Director	$0	$0	$0
SANDRA KAUFMAN	Director	10.00	Director	$0	$0	$0
JORDAN STRATTON	Director	10.00	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	$3,800,641	$1,153,951	$21,700,419	$2,646,690
2023	$2,675,804	$1,192,577	$20,192,542	$1,483,227
2022	$3,071,538	$903,766	$16,657,829	$2,167,772
2021	$1,606,652	$581,663	$17,215,394	$1,024,989
2020	$1,258,443	$551,490	$10,327,790	$706,953
2019	$1,583,486	$704,616	$5,468,801	$878,870
2018	$1,116,014	$649,304	$2,484,212	$466,710

STANDARDBRED OWNERS ASSOCIATION INC