INDIANA STANDARDBRED ASSOCIATION I… - Form 990 Financial Data

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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

1927

Legal Domicile

Principal Officer

JOHN DELONG

Phone

3174626616

Tax Period

2025-01-01 to 2025-12-31

INDIANA STANDARDBRED ASSOCIATION INC, founded in 1927, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2025. Expenses of $1.7M left a modest 6% surplus.

Mission

TO PROMOTE AND INCREASE INTEREST IN HARNESS HORSES AND HARNESS RACING; TO REPRESENT AND ESTABLISH COOPERATION BETWEEN COUNTY, STATE, AND PARI-MUTUEL RACETRACK OPERATIONS, BREEDERS, OWNERS, TRAINERS, DRIVERS, AND GROOMS; TO SPONSOR AND PROMOTE STANARDBRED RACING, BREEDING, TRAINING, AND DEVELOPMENT PROGRAMS IN THE STATE OF INDIANA; TO REPRESENT HORSEMEN/WOMEN FOR NEGOTIATIONS WITH RACETRACK OPERATIONS AND TO TAKE OTHER ACTIONS IN THE FURTHERANCE OF THE STANDARDBRED RACING INDUSTRY IN THE STATE OF INDIANA.

Program Service Accomplishments

Program 1

Expenses: $692,492

PROVIDE MEDICAL SERVICES AND INSURANCE FOR THE HORSEMEN'S BENEFIT ON TRACK GROUNDS.

Program 2

Expenses: $1,111,850

GENERAL ACCOUNT: LOBBYING ACTIVITY AND ELITE RACE SPONSORSHIP, MEMBERSHIP MAINTENANCE.

Program 3

Expenses: $218,622

PROMOTION AND ADVERTISING ACTIVITIES.

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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 $1,588,233

Program Service Revenue $207,025

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,795,258

Expense Breakdown

Grants Paid $129,389

Salaries & Benefits $192,096

Fundraising Expenses $0

Program Expenses $2,363,030

Other Expenses $1,361,445

TOTAL EXPENSES $1,682,930

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,795,258	$1,707,869	+0.1%
Expenses	$1,682,930	$1,626,296	+0.0%
Net Income	$112,328	$81,573	+0.4%

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

$1,550

Total Directors

$11,944

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DELONG	PRESIDENT	1.00	Officer Director	$550	$0	$550
ROBERT TAYLOR	1ST VICE PRESIDENT	1.00	Officer Director	$400	$0	$400
DOUG RIDEOUT	2ND VICE PRESIDENT	1.00	Officer Director	$600	$0	$600
EMILY DEVER	BOARD SECRETARY	1.00	Director	$500	$0	$500
MATT RHEINHEIMER	BOARD TREASURER	1.00	Director	$300	$0	$300
CHAD CLARK	DIRECTOR	1.00	Director	$1,994	$0	$1,994
JOE ESSIG JR	DIRECTOR	1.00	Director	$400	$0	$400
ERNIE GASKIN	DIRECTOR	1.00	Director	$400	$0	$400
RHYS HELT	DIRECTOR	1.00	Director	$0	$0	$0
JAY HOCHSTETLER	DIRECTOR	1.00	Director	$550	$0	$550
CARRIE HOLLMAN	DIRECTOR	1.00	Director	$600	$0	$600
JAMIE MACOMBER	DIRECTOR	1.00	Director	$500	$0	$500
JOHN MERKEL	DIRECTOR	1.00	Director	$4,250	$0	$4,250
ZACH MILLER	DIRECTOR	1.00	Director	$550	$0	$550
JAMES YODER	DIRECTOR	1.00	Director	$350	$0	$350

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	$1,795,258	$1,682,930	$3,107,386	$112,328
2024	$1,707,869	$1,626,296	$2,985,089	$81,573
2023	$1,735,304	$1,481,731	$2,897,158	$253,573
2022	$1,752,155	$1,373,983	$2,631,751	$378,172
2021	$1,713,721	$1,173,946	$2,238,420	$539,775
2020	$1,170,814	$1,260,412	$1,686,250	$-89,598
2019	$1,519,272	$1,436,634	$1,784,689	$82,638
2018	$1,490,083	$1,412,602	$1,714,745	$77,481

INDIANA STANDARDBRED ASSOCIATION INC