THOROUGHBRED CHARITIES OF AMERICA INC (EIN 262861555) - 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

2008

Legal Domicile

Phone

8592764989

Tax Period

2024-01-01 to 2024-12-31

THOROUGHBRED CHARITIES OF AMERICA INC, founded in 2008, is a small nonprofit in the Animal-Related sector that reported $895K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 62% operating deficit.

Mission

TCA's mission is to fund and facilitate the support of Thoroughbreds and the people who care for them.

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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 $778,008

Program Service Revenue $0

Investment Income $47,161

Other Revenue $70,093

TOTAL REVENUE $895,262

Expense Breakdown

Grants Paid $1,135,765

Salaries & Benefits $207,115

Fundraising Expenses $9,442

Program Expenses $1,419,023

Other Expenses $107,619

TOTAL EXPENSES $1,450,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$895,262	$1,572,167	-0.4%
Expenses	$1,450,499	$1,195,112	+0.2%
Net Income	$-555,237	$377,055	-2.5%

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
CARRIE BROGDEN	Director	1.00	Director	$0	$0	$0
LESLEY CAMPION	Vice President	1.00	Officer Director	$0	$0	$0
TORIE GLADWELL	Director	1.00	Director	$0	$0	$0
BEN BERNHARD	Director	1.00	Director	$0	$0	$0
MARETTE FARRELL	Secretary	1.00	Director	$0	$0	$0
SHANNON GRIFFIN	Director	2.00	Officer Director	$0	$0	$0
DAN METZGER	Director	1.00	Officer Director	$0	$0	$0
MARSHALL GRAMM	Treasurer	1.00	Director	$0	$0	$0
LEAH O'MEARA	Director	1.00	Director	$0	$0	$0
LIAM O'ROURKE	Director	1.00	Director	$0	$0	$0
MORGAN RICHARDSON	Director	1.00	Director	$0	$0	$0
RYAN MAHAN	Director	1.00	Director	$0	$0	$0
MANDY POPE	Director	1.00	Director	$0	$0	$0
BROOK SMITH	Director	1.00	Director	$0	$0	$0
MICHAEL MCMAHON	President	10.00	Officer Director	$0	$0	$0
JESSE ULLERY	Director	1.00	Director	$0	$0	$0
CATHY SHIRCLIFF	Director	1.00	Director	$0	$0	$0
Erin Halliwell	Executive Director	40.00		$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	$895,262	$1,450,499	$1,350,850	$-555,237
2023	$1,572,167	$1,195,112	$1,955,582	$377,055
2022	$1,190,737	$1,090,271	$1,533,312	$100,466
2021	$1,222,908	$1,064,417	$1,465,431	$158,491
2020	$1,271,983	$1,376,096	$1,252,888	$-104,113
2019	$1,194,021	$825,657	$1,381,708	$368,364

THOROUGHBRED CHARITIES OF AMERICA INC