Home Talent Colt Stakes Association Inc (EIN 311085083) - 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

2016

Legal Domicile

Principal Officer

Elwood Woolman

Phone

3306511042

Tax Period

2023-01-01 to 2023-12-31

Home Talent Colt Stakes Association Inc, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $287K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

Home Talent Colt Stakes Association promotes and improves the sport of harness racing and unites all persons within the Home Talent Circuit interested in promoting and maintaining the integrity of the sport.

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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 $0

Program Service Revenue $287,356

Investment Income $0

Other Revenue $0

TOTAL REVENUE $287,356

Expense Breakdown

Grants Paid $2,795

Salaries & Benefits $6,000

Fundraising Expenses $0

Program Expenses $281,037

Other Expenses $276,120

TOTAL EXPENSES $284,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,356	$308,715	-0.1%
Expenses	$284,915	$310,062	-0.1%
Net Income	$2,441	$-1,347	-2.8%

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

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

$6,000

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Hostettler	Director	1.00	Director	$0	$0	$0
Dakota Seitz	Director	1.00	Director	$0	$0	$0
Dan Conkright	Director	1.00	Director	$0	$0	$0
Dr Rich Mairs	Director	1.00	Director	$0	$0	$0
Edna Cox	Director	1.00	Director	$0	$0	$0
Elwood Woolman	Secretary/Treasurer	2.00	Officer Director	$6,000	$0	$6,000
David Staats	Vice President	2.00	Officer Director	$0	$0	$0
Wayne Furguson	Director	1.00	Director	$0	$0	$0
Todd Carpenter	Director	1.00	Director	$0	$0	$0
Scott Smith	President	2.00	Officer Director	$0	$0	$0
Dale BiMiller	Director	1.00	Director	$0	$0	$0
Sue Stockwell	Director	1.00	Director	$0	$0	$0
Tom Laughbaum	Director	1.00	Director	$0	$0	$0
Barry Brown	Director	1.00	Director	$0	$0	$0
Earl Rohn	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
2024	No data	No data	No data	No data
2023	$287,356	$284,915	$28,566	$2,441
2022	$308,715	$310,062	$26,125	$-1,347
2021	$284,956	$286,548	$27,472	$-1,592
2020	$261,065	$260,801	$29,064	$264
2019	$260,316	$255,462	$28,800	$4,854
2018	$256,798	$250,883	$23,946	$5,915

Home Talent Colt Stakes Association Inc