Horse Race North Dakota (EIN 260015640) - 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

2001

Legal Domicile

Principal Officer

JAY ALSOP

Phone

7013063483

Tax Period

2023-01-01 to 2023-12-31

Horse Race North Dakota, founded in 2001, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $313K, a strong 19% operating margin.

Mission

The mission of HRND and ND Horse Park is to develop and promote the sport of live horse racing and all equinerelated 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 (2023)

Revenue Breakdown

Contributions & Grants $567,358

Program Service Revenue $252,497

Investment Income $7,990

Other Revenue $833,126

TOTAL REVENUE $1,660,971

Expense Breakdown

Grants Paid $24,000

Salaries & Benefits $221,520

Fundraising Expenses $0

Program Expenses $1,809,283

Other Expenses $1,102,941

TOTAL EXPENSES $1,348,461

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,660,971	$1,499,796	+0.1%
Expenses	$1,348,461	$1,247,617	+0.1%
Net Income	$312,510	$252,179	+0.2%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY ALSOP	President	2.000	Officer	$0	$0	$0
JOHN BUBEL	Board Member	2.000	Officer	$0	$0	$0
DOUG PLUMMER	Board Member	2.000	Officer	$0	$0	$0
LEIGH BACKHAUS	Board Member	2.000	Officer	$0	$0	$0
BILLY BUCHHOLZ	Board Member	2.000	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	No data	No data	No data	No data
2023	$1,660,971	$1,348,461	$1,475,059	$312,510
2022	$1,499,796	$1,247,617	$489,353	$252,179
2021	$1,670,619	$1,166,130	$901,030	$504,489
2020	$721,162	$889,368	$629,012	$-168,206
2019	$885,360	$939,450	$771,135	$-54,090
2018	$706,048	$661,344	$574,351	$44,704

Horse Race North Dakota