Texas Thoroughbred Breeders Association (EIN 237264463) - 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

1955

Legal Domicile

Phone

5124586133

Tax Period

2023-09-01 to 2024-08-31

Texas Thoroughbred Breeders Association, founded in 1955, is a small nonprofit that reported $868K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year.

Mission

To promote and improve thoroughbred breeding

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $857,496

Investment Income $1,131

Other Revenue $9,300

TOTAL REVENUE $867,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,112

Fundraising Expenses $0

Program Expenses $828,583

Other Expenses $648,606

TOTAL EXPENSES $858,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,927	$1,083,888	-0.2%
Expenses	$858,718	$926,093	-0.1%
Net Income	$9,209	$157,795	-0.9%

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

$100,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Ruyle	Ex Dir Emeritus	40.00	Officer	$100,120	$0	$100,120
Carl Moore	Director	3.00	Director	$0	$0	$0
Glen Robertson	Director	3.00	Director	$0	$0	$0
Jeff Jeans	Director	3.00	Director	$0	$0	$0
Henry Witt Jr	Director	3.00	Director	$0	$0	$0
Kathy Davis	Director	3.00	Director	$0	$0	$0
Philip J Leckinger	Board President	6.00	Director	$0	$0	$0
Corey Johnsen	Director	3.00	Director	$0	$0	$0
Mike Rose	Director	3.00	Director	$0	$0	$0
Phil L Adams	Director	3.00	Director	$0	$0	$0
John H Adger	Director	3.00	Director	$0	$0	$0
Keith A Asmussen	Director	3.00	Director	$0	$0	$0
Susan Naylor	Director	0.00	Director	$0	$0	$0
Brant Schafer	Director	3.00	Director	$0	$0	$0
Brent Savage	Director	3.00	Director	$0	$0	$0
Douglas Smith	Director	3.00	Director	$0	$0	$0
Kelly Middleton Shumake	BdSec-Treasurer	3.00	Director	$0	$0	$0
William J Tracy	Director	3.00	Director	$0	$0	$0
Judy Peek	Secretary-Treas	3.00	Director	$0	$0	$0
Bethe Deal	Director	3.00	Director	$0	$0	$0
Terry Eoff	Director	3.00	Director	$0	$0	$0
Billey Dee Winters	Director	3.00	Director	$0	$0	$0
Tracy Sheffield	Executive Dir.	40.00	Officer	$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	$867,927	$858,718	$2,144,720	$9,209
2023	$1,083,888	$926,093	$1,888,565	$157,795
2022	$971,141	$889,229	$2,119,293	$81,912
2021	$1,107,414	$1,098,126	$2,216,808	$9,288
2019	$599,352	$655,508	$1,526,684	$-56,156
2018	$664,973	$699,093	$1,634,307	$-34,120

Texas Thoroughbred Breeders Association