STANDARDBRED BREEDERS & OWNERS ASSOCIATION OF NEW JERSEY INC (EIN 221837295) - 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

1971

Legal Domicile

Phone

7324622357

Tax Period

2024-01-01 to 2024-12-31

STANDARDBRED BREEDERS & OWNERS ASSOCIATION OF NEW JERSEY INC, founded in 1971, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2024. Expenses of $4.2M left a modest 5% surplus.

Mission

THE MISSION IS TO SUPPORT AND PROMOTE THE STANDARDBRED HORSE INDUSTRY IN NEW JERSEY BY PROVIDING BENEFITS TO DRIVERS AND TRAINERS.

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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 $4,282,486

Investment Income $130,975

Other Revenue $0

TOTAL REVENUE $4,413,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,834

Fundraising Expenses $0

Other Expenses $3,797,802

TOTAL EXPENSES $4,213,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,413,461	$4,468,934	0.0%
Expenses	$4,213,636	$3,955,878	+0.1%
Net Income	$199,825	$513,056	-0.6%

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

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

$180,769

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY PERRETTI	1ST VICE PRESIDENT	1.00	Officer	$0	$0	$0
ROBERT BONI	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN P DEY III VMD	DIRECTOR	1.00	Director	$0	$0	$0
MARK S FORD	PRESIDENT	20.00	Officer	$0	$0	$0
MARK MULLEN	DIRECTOR	1.00	Director	$0	$0	$0
AL OCHSNER	EXECUTIVE ADMINISTRATOR	40.00	Key Emp Highest	$180,769	$0	$180,769
ANTHONY ROMANO	SECRETARY	1.00	Officer	$0	$0	$0
CHRIS RYDER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KLAU	2ND VICE PRESIDENT	1.00	Officer	$0	$0	$0
RICHARD S MEIRS VMD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PONTONE	TREASURER	1.00	Officer	$0	$0	$0
MICHAEL GULOTTA	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MILLER	3RD VICE PRESIDENT	1.00	Officer	$0	$0	$0
LINDA TOSCANO	DIRECTOR	1.00	Director	$0	$0	$0
DAN BAER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL POSNER	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
2025	No data	No data	No data	No data
2024	$4,413,461	$4,213,636	$5,850,821	$199,825
2023	$4,468,934	$3,955,878	$5,634,682	$513,056
2022	$4,291,732	$3,823,248	$5,104,999	$468,484
2021	$3,881,103	$3,279,112	$4,347,246	$601,991
2020	$3,716,796	$3,048,742	$3,943,751	$668,054

STANDARDBRED BREEDERS & OWNERS ASSOCIATION OF NEW JERSEY INC