NATIONAL THOROUGHBRED RACING ASSOCIATION INC (EIN 133985050) - 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

1998

Legal Domicile

Principal Officer

KEITH CHAMBLIN

Phone

8592456872

Tax Period

2024-04-01 to 2025-03-31

NATIONAL THOROUGHBRED RACING ASSOCIATION INC, founded in 1998, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $13.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

1. THE NTRA IS A BROADLY DEFINED MEMBERSHIP ASSOCIATION CHARGED WITH INCREASING THE POPULARITY, WELFARE AND INTEGRITY OF THOROUGHBRED BREEDING AND RACING.

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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 $3,885,970

Program Service Revenue $6,603,172

Investment Income $530,704

Other Revenue $676,237

TOTAL REVENUE $11,696,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,934,338

Fundraising Expenses $0

Other Expenses $11,732,226

TOTAL EXPENSES $13,666,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,696,083	$9,207,699	+0.3%
Expenses	$13,666,564	$9,931,515	+0.4%
Net Income	$-1,970,481	$-723,816	+1.7%

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

$837,469

Total Directors

$837,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS ROONEY	CEO	50.00	Officer Director	$381,587	$16,168	$397,755
KEITH CHAMBLIN	COO	50.00	Officer Director	$300,746	$12,717	$313,463
TINA BOND	DIRECTOR	5.00	Director	$0	$0	$0
DAVID O'FARRELL	DIRECTOR	5.00	Director	$0	$0	$0
SHANNON ARVIN BISHOP	DIRECTOR	5.00	Director	$0	$0	$0
DAVID O'ROURKE	DIRECTOR	5.00	Director	$0	$0	$0
LOU CELLA	DIRECTOR	5.00	Director	$0	$0	$0
MIKE ROGERS	DIRECTOR	5.00	Director	$0	$0	$0
DENNIS DRAZIN	DIRECTOR	5.00	Director	$0	$0	$0
JOSH RUBINSTEIN	DIRECTOR	5.00	Director	$0	$0	$0
DREW FLEMING	DIRECTOR	5.00	Director	$0	$0	$0
JUDY WAGNER	DIRECTOR	5.00	Director	$0	$0	$0
JIM GAGLIANO	DIRECTOR	5.00	Director	$0	$0	$0
JOE WILSON	DIRECTOR	5.00	Director	$0	$0	$0
MIKE ZIEGLER	DIRECTOR	5.00	Director	$0	$0	$0
GEORGANNA LILLY	TREASURER	50.00	Officer Director	$121,730	$4,521	$126,251
ANDREW MOORE	DIRECTOR	5.00	Director	$0	$0	$0
BILL NADER	DIRECTOR	5.00	Director	$0	$0	$0
BILL KNAUF	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS MCERLEAN	DIRECTOR	5.00	Director	$0	$0	$0
FREDERICK WIDAMAN	SENIOR VP OF NTRA ADVANTAG	50.00	Highest	$0	$8,319	$189,942
MEGHAN RODGERS	SENIOR VP OF COMMUNICATION	50.00	Highest	$196,281	$5,167	$201,448
STEPHEN DRISKILL	SR SALES DIRECTOR NTRA ADV	50.00	Highest	$0	$6,237	$186,816
MICHELE RAVENCRAFT	SENIOR VP OF EVENTS	50.00	Highest	$137,697	$5,306	$143,003
JORDAN BONFITTO	DIRECTOR OF GOVERNMENT AFF	50.00	Highest	$139,514	$4,250	$143,764
TANNIS PRIMM	SR SALES MANAGER NTRA ADVA	50.00	Highest	$0	$9,462	$140,509
JOSEPH BACIGALUPO	SR VICE PRESIDENT OF EXTERNAL AFFAIRS	50.00	Highest	$125,521	$7,918	$133,439
DAVID FITE	VICE PRESIDENT OF IT AND PHYSICAL SECURITY	50.00	Highest	$121,098	$15,106	$136,204

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	$11,696,083	$13,666,564	$18,554,324	$-1,970,481
2024	$9,207,699	$9,931,515	$18,145,577	$-723,816
2023	$9,155,770	$8,891,496	$17,690,078	$264,274
2022	$10,577,962	$10,886,335	$16,910,608	$-308,373
2021	$3,638,139	$4,317,067	$20,584,241	$-678,928
2020	$7,542,489	$7,526,779	$17,843,159	$15,710
2019	$7,409,546	$7,137,173	$17,333,381	$272,373

NATIONAL THOROUGHBRED RACING ASSOCIATION INC