JOCKEYS OF PENN NATIONAL RACE COURSE INC (EIN 262871721) - 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

Principal Officer

ANDREW WOLFSONT

Phone

7176796998

Tax Period

2023-01-01 to 2023-12-31

JOCKEYS OF PENN NATIONAL RACE COURSE INC, founded in 2008, is a small nonprofit that reported $251K in total revenue in fiscal year 2023. Expenses of $351K exceeded revenue, resulting in a 40% operating deficit.

Mission

HEALTH AND WELFARE ORGANIZATION FOR THE JOCKEYS OF PENN NATIONAL RACE COURSE

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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 $250,000

Investment Income $863

Other Revenue $0

TOTAL REVENUE $250,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $350,625

Other Expenses $868

TOTAL EXPENSES $350,625

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,863	$250,491	+0.0%
Expenses	$350,625	$306,154	+0.1%
Net Income	$-99,762	$-55,663	+0.8%

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

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
ANDREW WOLFSONT	PRESIDENT	10.00	Officer	$0	$0	$0
DANA WHITNEY	VICE PRESIDENT	3.00	Officer	$0	$0	$0
ANGLE RODRIGUEZ	SECRETARY/TREASURER	3.00	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
2023	$250,863	$350,625	$108,190	$-99,762
2022	$250,491	$306,154	$207,952	$-55,663
2021	$250,369	$249,106	$263,615	$1,263
2020	$230,178	$222,431	$262,352	$7,747
2019	$271,792	$263,358	$254,605	$8,434
2018	$250,541	$257,696	$246,171	$-7,155

JOCKEYS OF PENN NATIONAL RACE COURSE INC