RETIRED RACEHORSE PROJECT LTD

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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

2010

Legal Domicile

Principal Officer

KIRSTEN GREEN

Phone

4107985140

Tax Period

2023-01-01 to 2023-12-31

RETIRED RACEHORSE PROJECT LTD, founded in 2010, is a community nonprofit in the Animal-Related sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

TO FACILITATE THE PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES IN SECOND CAREERS BY EDUCATING THE PUBLIC ABOUT THE HISTORY, DISTINCTIVE CHARACTERISTCS, VERSATILITY OF USE AND APPROPRIATE CARE AND TRAINING OF THE ICONIC AMERICAN THOROUGHBRED.

Program Service Accomplishments

Program 1

Expenses: $634,739 Revenue: $47,504

THOROUGHBRED MAKEOVER & NATIONAL SYMPOSIUM: ANNUAL EVENT FEATURING COMPETITIVE, JUDGED "MAKEOVER" EVENT IN WHICH PARTICIPANTS SELECT.TRAIN AND PERFORM ON RETIRED RACEHORSES. ALSO INCLUDES...

THOROUGHBRED MAKEOVER & NATIONAL SYMPOSIUM: ANNUAL EVENT FEATURING COMPETITIVE, JUDGED "MAKEOVER" EVENT IN WHICH PARTICIPANTS SELECT.TRAIN AND PERFORM ON RETIRED RACEHORSES. ALSO INCLUDES DEMONSTRATIONSOF SUCCESSFULLY RETRAINED HORSES IN A WIDE VARIETY OF DISCIPLINES, ANDEDUCATIONAL SEMINARS ON ALL ASPECTS OF CARING FOR, RETRAINING ANDRE-HOMING RETIRED RACEHORSES.

Program 2

Expenses: $174,175 Revenue: $38,701

MAGAZINE/NEWSLETTER/WEBSITE: PRINTED AND DIGITAL RESOURCES SUPPORTINGTHE ONLY PUBLICATION FOCUSED ON THE THOROUGHBRED BREED IN EQUESTIRANSPORTS. THE MAGAZINE CONTAINS ARTICLES COVERING TRAINING...

MAGAZINE/NEWSLETTER/WEBSITE: PRINTED AND DIGITAL RESOURCES SUPPORTINGTHE ONLY PUBLICATION FOCUSED ON THE THOROUGHBRED BREED IN EQUESTIRANSPORTS. THE MAGAZINE CONTAINS ARTICLES COVERING TRAINING ADVICE,AFTERCARE AND RRP NEWS ON ALL THE MAJOR PROGRAMS SUPPORTED BY RRP. THEWEBSITE CONTAINS EXTENSIVE RESOURCES FOR EDUCATION AND PROVIDES A CURRENT LISTING OF HORSES AVAILABLE FOR SECOND CAREERS.

Program 3

Expenses: $43,581

EXPOS/CLINICS/SEMINARS: EDUCATIONAL OPPORTUNITIES OFFERED REGIONALLY OR VIRTUALLY AND PRODUCED INDEPENDENTLY OR IN PARTNERSHIP WITH A THIRD-PARTY EVENT/ENTITY. THESE DEMOS, TRAINING CLINICS, SPEAKING ENGAGEMENTS, VIDEOS AND SEMINARS/WEBINARS COVER A RANGE OF TOPICS UNIQUE TO THE CARE, TRAINING AND KEEP OF THOROUGHBRED EX-RACEHORSES.

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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 $801,419

Program Service Revenue $86,205

Investment Income $5,542

Other Revenue $136,175

TOTAL REVENUE $1,029,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $375,018

Fundraising Expenses $96,352

Program Expenses $852,495

Other Expenses $694,056

TOTAL EXPENSES $1,069,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,029,341	$792,097	+0.3%
Expenses	$1,069,074	$959,745	+0.1%
Net Income	$-39,733	$-167,648	-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

Volunteers

200

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

$81,816

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN KARLSON	EMERITUS MEMBER,NON-VOTING	2.00	Director	$0	$0	$0
AMANDA DABRUZZO	TREASURER	2.00	Officer Director	$0	$0	$0
AMANDA STOVER	SECRETARY	2.00	Officer Director	$0	$0	$0
STEUART PITTMAN	EMERITUS MEMBER,NON-VOTING	1.00	Director	$0	$0	$0
GRAHAM ANITA MOTION	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD LAMB	BOARD MEMBER	1.00	Director	$0	$0	$0
JODIE VELLA GREGORY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIRSTEN GREEN	EXECUTIVE DIRECTOR-NON-VOT	40.00	Director	$81,816	$0	$81,816
JUDITHANN HARTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARE TOM MANSMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CONSTANCE WICKES	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON KELLY REED DVM	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
NEIL AGATE	CHAIR	2.00	Officer Director	$0	$0	$0
PATRICK CUMMINGS	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,029,341	$1,069,074	$369,633	$-39,733
2022	$792,097	$959,745	$351,491	$-167,648
2021	$1,166,766	$1,406,616	$355,502	$-239,850
2020	$833,089	$646,295	$645,434	$186,794
2019	$1,107,022	$1,026,092	$316,819	$80,930
2018	$1,037,560	$969,554	$240,203	$68,006