PENNSYLVANIA HORSE BREEDERS' ASSOCINC (EIN 231573222) - 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

1948

Legal Domicile

Principal Officer

BRIAN N SANFRATELLO

Phone

6104441050

Tax Period

2024-01-01 to 2024-12-31

PENNSYLVANIA HORSE BREEDERS' ASSOCINC, founded in 1948, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024.

Mission

PROMOTION AND DEVELOPMENT OF PA RACING COMMISSION BREEDING PROGRAM

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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 $33,550

Program Service Revenue $1,416,349

Investment Income $2,165

Other Revenue $17,652

TOTAL REVENUE $1,469,716

Expense Breakdown

Grants Paid $35,500

Salaries & Benefits $656,947

Fundraising Expenses $0

Other Expenses $800,579

TOTAL EXPENSES $1,493,026

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,469,716	$1,456,628	+0.0%
Expenses	$1,493,026	$1,480,887	+0.0%
Net Income	$-23,310	$-24,259	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

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

$333,262

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY C NEWELL PE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUGLAS BLACK	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
DEANNA MANFREDI PHD	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHERINE A RIGHTMYER O'BRIEN	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL CHOVANES VMD	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
PETER GIANGIULIO ESQ	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KATE GOLDENBERG	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BOB GRAHAM	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JUSTINE HOWELL	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
ROGER E LEGG ESQ	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
ELIZABETH MERRYMAN	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRIAN C SCHARTZ	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
RICHARD SIMOFF	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
VINCE TUCCIARONE SR	MEMBER-BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRIAN N SANFRATELLO	EXECUTIVE SECRETARY	40.00	Officer	$166,704	$40,163	$206,867
VICKY SHOWE	ASSISTANT EXECUTIVE SECRET	40.00	Officer	$101,859	$24,536	$126,395

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	$1,469,716	$1,493,026	$732,664	$-23,310
2023	$1,456,628	$1,480,887	$765,532	$-24,259
2022	$1,382,587	$1,351,787	$737,300	$30,800
2021	$1,478,049	$1,344,549	$833,317	$133,500
2020	$1,402,338	$1,382,005	$764,137	$20,333
2019	$1,224,442	$1,268,051	$541,665	$-43,609
2018	$1,530,217	$1,569,324	$581,577	$-39,107

PENNSYLVANIA HORSE BREEDERS' ASSOCINC