MONTICELLO HARNESS HORSEMAN'S ASSOC

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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

Principal Officer

ALAN SCHWARTZ

Tax Period

2024-08-01 to 2025-07-31

MONTICELLO HARNESS HORSEMAN'S ASSOC is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $817K, a strong 56% operating margin.

Mission

ORGANIZATION PROVIDES HEALTH INSURANCE FOR MEMBERS PROVIDED IN PART FROM NEGOTIATIONS WITH RACE TRACK MANAGEMENT.

Program Service Accomplishments

Program 1

ORGANIZATION PROVIDES HEALTH INSURANCE FOR MEMBERS PROVIDED IN PART FROM NEGOTIATIONS WITH RACE TRACK MANAGEMENT.

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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 $4,886

Program Service Revenue $1,453,034

Investment Income $315

Other Revenue $0

TOTAL REVENUE $1,458,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,027

Fundraising Expenses $0

Other Expenses $475,819

TOTAL EXPENSES $641,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,458,235	$867,637	+0.7%
Expenses	$641,422	$399,494	+0.6%
Net Income	$816,813	$468,143	+0.7%

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

236

Independent Members

236

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN SCHWARTZ	BOARD PRESID	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	$1,458,235	$641,422	$3,633,103	$816,813
2024	$867,637	$399,494	$3,067,789	$468,143
2023	$976,967	$454,516	$2,693,350	$522,451
2022	$870,214	$415,715	$2,150,176	$454,499
2021	$958,709	$441,519	$2,576,741	$517,190
2020	$2,221,859	$858,852	$3,058,857	$1,363,007
2019	$856,490	$409,385	$1,695,849	$447,105