HARNESS HORSE ASSOC OF CNY

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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

1965

Legal Domicile

Principal Officer

RICHARD PAPA

Phone

3158293872

Tax Period

2025-01-01 to 2025-12-31

HARNESS HORSE ASSOC OF CNY, founded in 1965, is a small nonprofit that reported $255K in total revenue in fiscal year 2025. The organization ran a surplus of $67K, a strong 26% operating margin.

Mission

THE ORGANIZATION PROVIDES CONTRACTURAL REPRESENTATION AND AFFILIATION TO STANDARD BRED HORSEMAN OF CENTRAL NEW YORK.

Program Service Accomplishments

Program 1

ORGANIZATION PROVIDES CONTRACTURAL REPRESENTATION AND SOCIAL AFFILIATION TO STANDARD BRED HORSEMAN OF CENTRAL NEW YORK.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,575

Program Service Revenue $241,390

Investment Income $9,610

Other Revenue $0

TOTAL REVENUE $254,575

Expense Breakdown

Grants Paid $15,250

Salaries & Benefits $50,259

Fundraising Expenses $0

Other Expenses $44,032

TOTAL EXPENSES $187,787

Year-over-Year Comparison

	2025	2024	Change
Revenue	$254,575	$246,944	+0.0%
Expenses	$187,787	$186,281	+0.0%
Net Income	$66,788	$60,663	+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

188

Independent Members

188

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

$24,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD PAPA	PRESIDENT	5.00	Officer	$24,996	$0	$24,996
JOSEPH D'AGOSTINO	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
WILLIAM ANDREWS	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
STANLEY ZOMBICK JR	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTOPHER DALEY	DIRECTOR	0.00	Director	$0	$0	$0
ANTHONY MONDI	DIRECTOR	0.00	Director	$0	$0	$0
LON ROSENFIELD	DIRECTOR	0.00	Director	$0	$0	$0
NANCY KIPP	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH NASSIMOS	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM OKUSKO	DIRECTOR `	0.00	Director	$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	$254,575	$187,787	$785,469	$66,788
2024	No data	No data	No data	No data
2023	$249,651	$212,606	$659,638	$37,045
2022	$216,438	$189,457	$622,584	$26,981
2021	$189,625	$174,762	$595,617	$14,863
2020	$100,794	$229,883	$580,690	$-129,089
2019	$236,152	$235,855	$709,780	$297
2018	$239,930	$228,149	$709,484	$11,781