HORSERACING INTEGRITY AND SAFETY AUTHORITY INC (EIN 301262584) - 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

2020

Legal Domicile

Principal Officer

CHARLES SCHEELER

Phone

8592552341

Tax Period

2021-01-01 to 2021-12-31

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.

Mission

TO ESTABLISH SAFETY AND PERFORMANCE STANDARDS FOR HORSERACING, INCLUDING THE DEVELOPMENT AND IMPLEMENTATION OF ANTI-DOPING PROGRAMS

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $13

Other Revenue $0

TOTAL REVENUE $13

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,161

Fundraising Expenses $0

Other Expenses $2,421,244

TOTAL EXPENSES $2,659,405

Year-over-Year Comparison

	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

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

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

$211,993

Total Directors

$15,000

Key Employees

Highest Compensated

reported

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

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
2021	$13	$2,659,405	$831,685	$-2,659,392

HORSERACING INTEGRITY AND SAFETY AUTHORITY INC