HARNESS HORSEMENS HEALTH & RETIREM… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

LINDA NANCE

Phone

6142213650

Tax Period

2023-01-01 to 2023-12-31

HARNESS HORSEMENS HEALTH & RETIREMENT INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $857K, a strong 61% operating margin.

Mission

FORMED PURSUANT TO SECTION 3769.21 OF THE OHIO REVISED CODE TO PROVIDE HEALTH AND RETIREMENT BENEFITS TO VARIOUS PARTICIPANTS IN THE HARNESS HORSE RACING INDUSTRY IN OHIO.

Program Service Accomplishments

Program 1

Expenses: $481,730 Revenue: $0

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE HEALTH AND RETIREMENT BENEFITS TO VARIOUS PARTICIPANTS IN THE HARNESS HORSE RACING INDUSTRY OF OHIO.

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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 $868,964

Program Service Revenue $0

Investment Income $547,625

Other Revenue $0

TOTAL REVENUE $1,416,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $481,730

Other Expenses $103,574

TOTAL EXPENSES $559,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,416,589	$1,416,887	0.0%
Expenses	$559,335	$550,589	+0.0%
Net Income	$857,254	$866,298	0.0%

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

$72,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD HOOVLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRADLEY WALLACE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
HUGH BEATTY	TRUSTEE	1.00	Director	$0	$0	$0
LINDA NANCE	PLAN ADMINISTRATOR	13.00	Officer	$0	$14,700	$72,904

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	$1,416,589	$559,335	$8,332,816	$857,254
2022	$1,416,887	$550,589	$7,643,473	$866,298
2021	$1,487,844	$360,269	$8,498,977	$1,127,575
2020	$1,084,357	$1,200,620	$7,165,376	$-116,263
2019	$954,653	$568,309	$6,292,897	$386,344
2018	$1,091,183	$508,902	$5,125,776	$582,281

HARNESS HORSEMENS HEALTH & RETIREMENT INC