Kentucky Race Track Chaplaincy Inc (EIN 311571797) - 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

1998

Legal Domicile

Principal Officer

DANIEL FICK

Phone

5023872148

Tax Period

2023-01-01 to 2023-12-31

Kentucky Race Track Chaplaincy Inc, founded in 1998, is a small nonprofit in the Religion sector that reported $737K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Net assets of $1.6M represent 27 months of operating reserves.

Mission

Our mission is to nurture the spiritual and material needs of all people in the horse racing industry and their families through Christian ministry. Our vision is to bring about the salvation of all people in the horse racing industry through the Gospel of our Lord Jesus Christ.

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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 $505,019

Program Service Revenue $0

Investment Income $90,924

Other Revenue $141,208

TOTAL REVENUE $737,151

Expense Breakdown

Grants Paid $18,103

Salaries & Benefits $400,440

Fundraising Expenses $52,575

Program Expenses $580,647

Other Expenses $303,619

TOTAL EXPENSES $722,162

Year-over-Year Comparison

	2023	2022	Change
Revenue	$737,151	$485,046	+0.5%
Expenses	$722,162	$489,389	+0.5%
Net Income	$14,989	$-4,343	-4.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY CHURCHMAN	Director	1.00	Director	$0	$0	$0
KEITH SORRELS	Director	1.00	Director	$0	$0	$0
GENE SNOWDEN JR	Treasurer	2.00	Officer Director	$0	$0	$0
DANIEL FICK	President	4.00	Officer Director	$0	$0	$0
JOHN CLINE	Director	1.00	Director	$0	$0	$0
JAMES TYE	Director	2.00	Director	$0	$0	$0
CRAIG WILEY	Director	1.00	Director	$0	$0	$0
POLLY DUNLAVY	Secretary	1.00	Officer Director	$0	$0	$0
ANTHONY ESTES	Vice President	3.00	Officer Director	$0	$0	$0
MICHAEL RIDGE	Director	1.00	Director	$0	$0	$0
RONALD PRESSER	Director	1.00	Director	$0	$0	$0
VANESSA PARKER	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	$737,151	$722,162	$1,641,642	$14,989
2022	$485,046	$489,389	$1,626,653	$-4,343
2021	$481,864	$339,556	$1,630,996	$142,308
2020	$424,187	$293,337	$1,488,688	$130,850
2019	$882,977	$342,970	$1,067,159	$540,007
2018	$339,649	$293,725	$527,152	$45,924

Kentucky Race Track Chaplaincy Inc