NEW YORK THOROUGHBRED HORSEMEN'S ASSOCIATION INC (EIN 112940010) - 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

1942

Legal Domicile

Principal Officer

ANDY BELFIORE

Phone

5164882337

Tax Period

2024-06-01 to 2025-05-31

NEW YORK THOROUGHBRED HORSEMEN'S ASSOCIATION INC, founded in 1942, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION REPRESENTS THE INTEREST OF THOUSANDS OF NEW YORK HORSE OWNERS AND TRAINERS TO PROVIDE EFFECTIVE LEADERSHIP FOR THE RACING INDUSTRY. ADDITIONALLY, THE ORGANIZATION HAS ESTABLISHED BENEVOLENCE AND EDUCATION PROGRAMS FOR THOSE INDIVIDUALS THAT LIVE AND WORK ON THE BACKSTRETCH OF THE NYRA RACETRACKS AND TRAINING CENTERS.

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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 $3,126,966

Investment Income $64,283

Other Revenue $0

TOTAL REVENUE $3,191,249

Expense Breakdown

Grants Paid $1,434,196

Salaries & Benefits $656,165

Fundraising Expenses $0

Other Expenses $1,067,644

TOTAL EXPENSES $3,158,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,191,249	$3,256,254	0.0%
Expenses	$3,158,005	$3,114,491	+0.0%
Net Income	$33,244	$141,763	-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

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

$205,699

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA MARIE BOND	PRESIDENT	20.00	Officer Director	$0	$0	$0
LINDA RICE	DIRECTOR	1.00	Director	$0	$0	$0
ARON YAGODA	OWNER VP	4.00	Director	$0	$0	$0
DAN COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
SANFORD GOLDFARB	DIRECTOR	2.00	Director	$0	$0	$0
DR JENNIFER WHITE	DIRECTOR	2.00	Director	$0	$0	$0
ANDY AARON	DIRECTOR	1.00	Director	$0	$0	$0
JENA ANTONUCCI	DIRECTOR	2.00	Director	$0	$0	$0
DAVID DUGGAN	DIRECTOR	2.00	Director	$0	$0	$0
JAMES FERRARO	DIRECTOR	2.00	Director	$0	$0	$0
JOHN TERRANOVA	DIRECTOR	2.00	Director	$0	$0	$0
TOM BELLHOUSE	DIRECTOR	2.00	Director	$0	$0	$0
DIONNE JOHNSON	BUSINESS MAN	45.00	Highest	$134,208	$25,636	$159,844
DAVID DONK	TRAINER VP	4.00	Director	$0	$0	$0
ANDY BELFIORE	EXECUTIVE DI	50.00	Key Emp	$186,731	$18,968	$205,699

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	$3,191,249	$3,158,005	$3,603,638	$33,244
2024	$3,256,254	$3,114,491	$3,493,991	$141,763
2023	$3,325,713	$3,077,596	$13,084,468	$248,117
2022	$3,290,898	$2,913,565	$12,866,029	$377,333
2021	$2,586,189	$2,847,572	$9,248,348	$-261,383
2020	$2,784,018	$3,124,962	$7,133,315	$-340,944
2019	$3,236,896	$2,880,996	$3,317,294	$355,900

NEW YORK THOROUGHBRED HORSEMEN'S ASSOCIATION INC