Christian Harness Horsemen's Association (EIN 311056232) - 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

1983

Legal Domicile

Principal Officer

Lee Alphen

Phone

6038981927

Tax Period

2025-01-01 to 2025-12-31

Christian Harness Horsemen's Association, founded in 1983, is a small nonprofit that reported $272K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year.

Mission

To promote Christian fellowship, a wholesome environment and solid moral values in the horse racing industry to include evangelization and providing assistance to people in the industry who are struggling.

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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 (2025)

Revenue Breakdown

Contributions & Grants $238,347

Program Service Revenue $0

Investment Income $0

Other Revenue $33,490

TOTAL REVENUE $271,837

Expense Breakdown

Grants Paid $72,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,368

Other Expenses $195,853

TOTAL EXPENSES $268,153

Year-over-Year Comparison

	2025	2024	Change
Revenue	$271,837	$289,024	-0.1%
Expenses	$268,153	$268,766	0.0%
Net Income	$3,684	$20,258	-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

$49,230

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lee Alphen	Executive Director	035.00	Key Emp Highest	$49,230	$0	$49,230
Roger Huston	Trustee	003.00	Director	$0	$0	$0
Lori Romanetti	Trustee	003.00	Director	$0	$0	$0
Amy Bondon	President	003.00	Officer	$0	$0	$0
M Gregory Gehman	Vice President	003.00	Officer	$0	$0	$0
Lee Alphen	Secretary/Treasurer	001.00	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
2025	$271,837	$268,153	$184,584	$3,684
2024	$289,024	$268,766	$180,900	$20,258
2023	$238,993	$234,636	$160,642	$4,357
2022	$252,868	$238,101	$156,400	$14,767
2021	$261,826	$233,066	$141,518	$28,760
2020	$253,014	$227,276	$112,758	$25,738
2019	$256,901	$246,664	$93,620	$10,237
2018	$245,325	$228,568	$76,783	$16,757

Christian Harness Horsemen's Association