WNY HARNESS HORSEMAN'S ASSOCIATION INC (EIN 160874671) - 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

1959

Legal Domicile

Principal Officer

BRUCE TUBIN

Phone

7166491280

Tax Period

2023-01-01 to 2023-12-31

WNY HARNESS HORSEMAN'S ASSOCIATION INC, founded in 1959, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 10% surplus.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROMOTE HARNESS RACING, TO IMPROVE WORKING CONDITIONS FOR ALL INVOLVED AND TO ESTABLISH HEALTH, WELFARE PENSION, AND INSURANCE PROGRAMS TO BENEFIT ITS MEMBERS.

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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 $6,795

Program Service Revenue $1,707,161

Investment Income $31,336

Other Revenue $0

TOTAL REVENUE $1,745,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,457,912

Fundraising Expenses $0

Program Expenses $1,529,252

Other Expenses $119,306

TOTAL EXPENSES $1,577,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,745,292	$1,541,793	+0.1%
Expenses	$1,577,218	$1,371,579	+0.1%
Net Income	$168,074	$170,214	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

N/A

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

$101,500

Total Directors

$104,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE TUBIN	PRESIDENT	1.00	Officer Director	$85,800	$0	$85,800
DONALD NILES	VICE PRESIDENT	1.00	Officer Director	$0	$400	$400
JAMES MULCAHY	TREASURER	1.00	Officer Director	$14,700	$600	$15,300
LEE WINTERS	DIRECTOR	1.00	Director	$0	$400	$400
JAMES MCNEIGHT	DIRECTOR	1.00	Director	$0	$600	$600
RON BEBACK JR	DIRECTOR	1.00	Director	$0	$600	$600
MICHAEL TORCELLO	DIRECTOR	1.00	Director	$0	$600	$600
DARRIN MONTI	DIRECTOR	1.00	Director	$0	$600	$600
MARY WARRINER	DIRECTOR	1.00	Director	$0	$400	$400

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	No data	No data	No data	No data
2023	$1,745,292	$1,577,218	$1,809,751	$168,074
2022	$1,541,793	$1,371,579	$1,628,703	$170,214
2021	$1,400,180	$973,012	$1,522,034	$427,168
2020	$694,371	$765,525	$1,097,636	$-71,154
2019	$1,384,010	$1,475,311	$1,170,827	$-91,301
2018	$1,308,117	$1,493,063	$1,240,971	$-184,946

WNY HARNESS HORSEMAN'S ASSOCIATION INC