CALIFORNIA THOROUGHBRED BUSINESS LEAGUE

EIN: 201179229 Community Improvement

ARCADIA, CA

Total Revenue
$6,287,731
Total Expenses
$5,621,424
Total Assets
$6,457,821
Net Assets
$6,442,821
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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
2004
Legal Domicile
CA
Principal Officer
WILLIAM A NADER
Phone
6265746617
Tax Period
2023-01-01 to 2023-12-31

CALIFORNIA THOROUGHBRED BUSINESS LEAGUE, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $6.3M in total revenue in fiscal year 2023. Expenses of $5.6M left a modest 11% surplus.

Mission

AS MANDATED BY CALIFORNIA BUSINESS & PROFESSIONS CODE SECTION 19605.75(F), FUNDS ARE COLLECTED AND DISBURSED TO ASSIST THE CALIFORNIA THOROUGHBRED HORSE RACING INDUSTRY BY DEFRAYING WORKERS COMPENSATION COSTS FOR HORSE OWNERS, TRAINERS, JOCKEYS, RACING ASSOCIATIONS AND FAIRS.

Program Service Accomplishments

Program 1
Expenses: $5,500,000 Revenue: $6,205,660

PAYMENTS FOR WORKERS COMPENSATION INSURANCE PURSUANT TO CALIFORNIA BUSINESS & PROFESSIONS CODE SECTION 19605.75.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,205,660
Investment Income $82,071
Other Revenue $0
TOTAL REVENUE $6,287,731

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,500,000
Other Expenses $5,621,424
TOTAL EXPENSES $5,621,424

Year-over-Year Comparison

2023 2022 Change
Revenue $6,287,731 $6,344,880 0.0%
Expenses $5,621,424 $5,620,584 +0.0%
Net Income $666,307 $724,296 -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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM NADAR CHAIR 1.00
Officer Director
$0 $0 $0
ALAN BALCH SECRETARY 1.00
Officer Director
$0 $0 $0
DOUG BURGE DIRECTOR 1.00
Director
$0 $0 $0
LARRY SWARTZLANDER DIRECTOR 1.00
Director
$0 $0 $0
RICK ENGLISH DIRECTOR 1.00
Director
$0 $0 $0
NATE NEWBY DIRECTOR 1.00
Director
$0 $0 $0
TOM ROBBINS DIRECTOR 1.00
Director
$0 $0 $0
BOB LIEWALD DIRECTOR 1.00
Director
$0 $0 $0
ERIC SINDLER DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $6,287,731 $5,621,424 $6,457,821 $666,307
2022 $6,344,880 $5,620,584 $5,796,154 $724,296
2021 $6,981,717 $5,619,161 $5,065,362 $1,362,556
2020 $5,047,770 $7,760,916 $3,689,806 $-2,713,146
2019 $6,403,916 $6,683,013 $6,402,118 $-279,097
2018 $6,914,538 $6,690,755 $6,695,049 $223,783
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