LEXINGTON, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HORSERACING INTEGRITY AND SAFETY AUTHORITY INC, founded in 2020, is a micro nonprofit that reported $13 in total revenue in fiscal year 2021. Expenses of $2.7M exceeded revenue, resulting in a 20456862% operating deficit.
TO ESTABLISH SAFETY AND PERFORMANCE STANDARDS FOR HORSERACING, INCLUDING THE DEVELOPMENT AND IMPLEMENTATION OF ANTI-DOPING PROGRAMS
ESTABLISHED WHEN THE HORSERACING INTEGRITY AND SAFETY ACT WAS SIGNED INTO FEDERAL LAW IN 2020, THE HORSERACING INTEGRITY AND SAFETY AUTHORITY (HISA) IS RESPONSIBLE FOR DRAFTING AND ENFORCING UNIFORM...
ESTABLISHED WHEN THE HORSERACING INTEGRITY AND SAFETY ACT WAS SIGNED INTO FEDERAL LAW IN 2020, THE HORSERACING INTEGRITY AND SAFETY AUTHORITY (HISA) IS RESPONSIBLE FOR DRAFTING AND ENFORCING UNIFORM SAFETY AND INTEGRITY RULES IN THOROUGHBRED RACING IN THE U.S. OVERSEEN BY THE FEDERAL TRADE COMMISSION (FTC), HISA WAS CREATED TO IMPLEMENT, FOR THE FIRST TIME, A NATIONAL, UNIFORM SET OF RULES APPLICABLE TO EVERY THOROUGHBRED RACING PARTICIPANT AND RACETRACK FACILITY. HISA IS COMPRISED OF TWO PROGRAMS: THE RACETRACK SAFETY PROGRAM, WHICH WENT INTO EFFECT JULY 1, 2022, AND THE ANTI-DOPING AND MEDICATION CONTROL (ADMC) PROGRAM, WHICH WILL GO INTO EFFECT IN JANUARY 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $13 | N/A | N/A |
| Expenses | $2,659,405 | N/A | N/A |
| Net Income | $-2,659,392 | $0 | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLES SCHEELER | CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE BESHEAR | VICE-CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEONARD COLEMAN | SECRETARY | 1.00 |
Director
|
$15,000 | $0 | $15,000 |
| HANK ZEITLIN | INTERIM CEO | 30.00 |
Officer
|
$211,993 | $0 | $211,993 |
| ELLEN MCCLAIN | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| ADOLPHO BIRCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH DE FRANCIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN STOVER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL THOMASON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DG VAN CLIEF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $13 | $2,659,405 | $831,685 | $-2,659,392 |
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