RACING SURFACES TESTING LABORATORY

EIN: 264632727 501(c)(3) Recreation & Sports

LEXINGTON, KY

Total Revenue
$1,006,104
Total Expenses
$939,357
Total Assets
$1,048,004
Net Assets
$980,187
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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
2009
Legal Domicile
ME
Principal Officer
MICHAEL PETERSON
Phone
2079474501
Tax Period
2023-01-01 to 2023-12-31

RACING SURFACES TESTING LABORATORY, founded in 2009, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $939K left a modest 7% surplus.

Mission

THE RACING SURFACES TESTING LABORATORY IS A NON-PROFIT (501C3) ORGANIZATION THAT COORDINATES AND PERFORMS TESTING OF SURFACES PRIMARILY FOR THE THOROUGHBRED RACING INDUSTRY. TESTING INCLUDES ALL TYPES OF SURFACES USED IN HORSE RACING AS WELL AS OTHER EQUINE SPORTS SURFACES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,500
Program Service Revenue $987,424
Investment Income $30
Other Revenue $150
TOTAL REVENUE $1,006,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $365,335
Fundraising Expenses $0
Program Expenses $939,357
Other Expenses $574,022
TOTAL EXPENSES $939,357

Year-over-Year Comparison

2023 2022 Change
Revenue $1,006,104 $680,081 +0.5%
Expenses $939,357 $752,694 +0.2%
Net Income $66,747 $-72,613 -1.9%
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

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Governance

Voting Members
10
Independent Members
8
Employees
8
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
1
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL CASNER HORSE OWNER 0.50
Director
$0 $0 $0
DORA J DELGADO EXECUTIVE VICE PRESIDENT 0.50
Director
$0 $0 $0
KEITH CHAMBERLIN CHIEF OPERATING OFFICER 0.50
Director
$0 $0 $0
MATT F LULIANO EXECUTIVE VICE PRESIDENT 1.00
Director
$0 $0 $0
STEPHEN KOCH ASSOCIATE VICE PRESIDENT OF OPERATIONS 0.50
Director
$0 $0 $0
GLEN KOZAK DIRECTOR OF RACING SURFACES 0.50
Director
$0 $0 $0
C WAYNE MCILWRAITH DIRECTOR OF ORTHOPAEDIC RESEARCH 0.50
Director
$0 $0 $0
MICK PETERSON DIRECTOR OF RACETRACK SAFETY PROGRAM 16.00
Officer Director
$0 $0 $0
MARY SCOLLAY WARD EXECUTIVE DIRECTOR 0.50
Director
$0 $0 $0
WILL FARMER DVM EQUINE MEDICAL DIRECTOR 0.50
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,006,104 $939,357 $1,048,004 $66,747
2022 $680,081 $752,694 $983,369 $-72,613
2021 $497,853 $480,665 $1,063,727 $17,188
2020 $1,238,868 $528,980 $1,034,487 $709,888
2019 $334,091 $289,967 $285,336 $44,124
2018 $245,938 $188,329 $234,663 $57,609
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