STANDARDBRED BREEDERS ASSOCIATION OF PA (EIN 260019944) - 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

MICHAEL SIMPSON

Phone

7176378931

Tax Period

2025-01-01 to 2025-12-31

STANDARDBRED BREEDERS ASSOCIATION OF PA, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $75K in total revenue in fiscal year 2025. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $208K exceeded revenue, resulting in a 179% operating deficit.

Mission

TRADE ORGANIZATION FOR STANDARDBRED BREEDERS.

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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 $0

Program Service Revenue $74,500

Investment Income $55

Other Revenue $0

TOTAL REVENUE $74,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $208,132

TOTAL EXPENSES $208,132

Year-over-Year Comparison

	2025	2024	Change
Revenue	$74,555	$284,292	-0.7%
Expenses	$208,132	$224,295	-0.1%
Net Income	$-133,577	$59,997	-3.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SIMPSON	CHAIRMAN	0.10	Officer Director	$0	$0	$0
RUSSELL WILLIAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JOHN EGOLFF	VICE PRESIDE	0.10	Officer Director	$0	$0	$0
PAUL SPEARS	SECRETARY/AS	10.00	Officer Director	$0	$0	$0
MICHAEL SIMPSON	TREASURER/AS	10.00	Officer Director	$0	$0	$0
ADAM BOWDEN	DIRECTOR	0.10	Director	$0	$0	$0
JOE THOMSON	DIRECTOR	0.10	Director	$0	$0	$0
MAX HEMPT	DIRECTOR	0.10	Director	$0	$0	$0
DAVID MEIRS III	DIRECTOR	0.10	Director	$0	$0	$0
JOHN WANNER	DIRECTOR	0.10	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	$74,555	$208,132	$32,669	$-133,577
2024	$284,292	$224,295	$166,246	$59,997
2023	$210,849	$215,432	$106,249	$-4,583
2022	$146,581	$208,557	$110,832	$-61,976
2021	$335,652	$244,308	$172,808	$91,344
2020	$243,068	$234,833	$81,464	$8,235
2019	$292,356	$251,089	$73,229	$41,267
2018	$403,462	$422,326	$31,962	$-18,864

STANDARDBRED BREEDERS ASSOCIATION OF PA