THE FINGER LAKES HBPA INC (EIN 161422232) - 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

1990

Legal Domicile

Principal Officer

AUSTIN REED

Phone

5857429227

Tax Period

2024-01-01 to 2024-12-31

THE FINGER LAKES HBPA INC, founded in 1990, is a small nonprofit that reported $501K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $468K left a modest 7% surplus.

Mission

ADMINISTRATION OF HORSEMENS ASSOCIATION FOR THE FINGER LAKES RACETRACK

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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 $0

Program Service Revenue $384,183

Investment Income $62,746

Other Revenue $54,352

TOTAL REVENUE $501,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,287

Fundraising Expenses $0

Program Expenses $468,260

Other Expenses $185,597

TOTAL EXPENSES $468,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$501,281	$404,004	+0.2%
Expenses	$468,260	$426,707	+0.1%
Net Income	$33,021	$-22,703	-2.5%

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

$138,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN REED	EXECUTIVE DIRECTOR	40.00	Officer	$138,603	$0	$138,603
EDWARD BABCOCK	N/A	1.00	Director	$0	$0	$0
JON BUCKLEY	N/A	1.00	Director	$0	$0	$0
RACHEL SELLS	N/A	1.00	Director	$0	$0	$0
KEITH ONEILL	N/A	1.00	Director	$0	$0	$0
PAUL BARROW	N/A	1.00	Director	$0	$0	$0
WANDA POLISSENI	N/A	1.00	Director	$0	$0	$0
CHRIS GARRIE	N/A	1.00	Director	$0	$0	$0
MARK WIPPERMAN	N/A	1.00	Director	$0	$0	$0
KATHLEEN BABCOCK	TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH HENDY	VICE PRESIDENT	1.00	Officer 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
2024	$501,281	$468,260	$482,045	$33,021
2023	$404,004	$426,707	$449,709	$-22,703
2022	$1,185,352	$1,167,117	$482,535	$18,235
2021	$1,210,919	$1,033,017	$534,724	$177,902
2020	$749,411	$735,630	$362,686	$13,781
2019	$1,083,381	$1,058,513	$336,071	$24,868
2018	$1,127,910	$1,138,990	$412,405	$-11,080

THE FINGER LAKES HBPA INC