KENTUCKY THOROUGHBRED BUILDING INC (EIN 311534901) - 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

1996

Legal Domicile

Principal Officer

CHAUNCEY MORRIS

Phone

8593811414

Tax Period

2024-07-01 to 2025-06-30

KENTUCKY THOROUGHBRED BUILDING INC, founded in 1996, is a small nonprofit that reported $152K in total revenue in fiscal year 2024. The organization ran a surplus of $151K, a strong 99% operating margin.

Mission

TO HOLD REAL ESTATE FOR KENTUCKY THOROUGHBRED OWNERS AND BREEDERS ASSOCIATION, INC. AND KENTUCKY THOROUGHBRED ASSOCIATION, INC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $189,700

Other Revenue $-37,475

TOTAL REVENUE $152,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,478

TOTAL EXPENSES $1,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,225	$-1,757	-87.6%
Expenses	$1,478	$1,681	-0.1%
Net Income	$150,747	$-3,438	-44.8%

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

$300,068

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DAUGHERTY	PRESIDENT	0.25	Director	$0	$0	$0
WALKER HANCOCK	SECRETARY	0.25	Director	$0	$0	$0
DERMOT RYAN	TREASURER	0.25	Director	$0	$0	$0
NATANYA NIEMAN	VICE-PRESIDENT	0.25	Director	$0	$0	$0
STUART BROWN II DVM	DIRECTOR	0.25	Director	$0	$0	$0
CRAIG BANDOROFF	DIRECTOR	0.25	Director	$0	$0	$0
NED TOFFEY	DIRECTOR	0.25	Director	$0	$0	$0
CHAUNCEY MORRIS	EXECUTIVE DIRECTOR	1.00	Officer	$0	$43,562	$300,068

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	$152,225	$1,478	$319,157	$150,747

KENTUCKY THOROUGHBRED BUILDING INC