STANDARDBRED OWNERS ASSOCWELFARE FUND (EIN 111875256) - 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

1958

Legal Domicile

Principal Officer

JOSEPH A FARALDO

Phone

9149683599

Tax Period

2024-01-01 to 2024-12-31

STANDARDBRED OWNERS ASSOCWELFARE FUND, founded in 1958, is a small nonprofit that reported $436K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 389% operating deficit.

Mission

WELFARE BENEFITS

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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 $91,359

Investment Income $344,594

Other Revenue $0

TOTAL REVENUE $435,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,117

Fundraising Expenses $0

Other Expenses $233,166

TOTAL EXPENSES $2,131,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$435,953	$282,605	+0.5%
Expenses	$2,131,711	$2,050,200	+0.0%
Net Income	$-1,695,758	$-1,767,595	0.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH A FARALDO	Trustee	5.00	Director	$0	$0	$0
IRVING ATHERTON	Trustee	5.00	Director	$0	$0	$0
CHRIS WITTSTRUCK	3RD VP	5.00	Director	$0	$0	$0
PETER YOUNGER	Secretary	5.00	Director	$0	$0	$0
PETER VENAGLIA	Trustee	5.00	Director	$0	$0	$0
PATRICK O'BRIEN	Foundation Mana	10.00	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
2024	$435,953	$2,131,711	$8,783,317	$-1,695,758
2023	$282,605	$2,050,200	$8,195,167	$-1,767,595
2022	$301,811	$2,038,758	$7,100,695	$-1,736,947
2021	$2,022,627	$1,961,597	$8,431,196	$61,030
2020	$333,435	$2,468,512	$8,240,161	$-2,135,077
2019	$1,666,944	$2,267,179	$9,955,036	$-600,235
2018	$3,322,400	$2,088,503	$10,024,033	$1,233,897

STANDARDBRED OWNERS ASSOCWELFARE FUND