Monticello Harness Horsemens Association Inc (EIN 141609644) - 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

1978

Legal Domicile

Principal Officer

Alan Schwartz

Tax Period

2023-08-01 to 2024-07-31

Monticello Harness Horsemens Association Inc, founded in 1978, is a small nonprofit that reported $868K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $468K, a strong 54% operating margin.

Mission

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 (2023)

Revenue Breakdown

Contributions & Grants $11,885

Program Service Revenue $792,440

Investment Income $63,312

Other Revenue $0

TOTAL REVENUE $867,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,667

Fundraising Expenses $0

Program Expenses $329,000

Other Expenses $159,147

TOTAL EXPENSES $399,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,637	$976,967	-0.1%
Expenses	$399,494	$454,516	-0.1%
Net Income	$468,143	$522,451	-0.1%

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

257

Independent Members

257

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

$33,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dale Berenson	Admin	0.00	Key Emp Highest	$33,800	$0	$33,800
Alan Schwartz	President	0.00	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	$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

Monticello Harness Horsemens Association Inc