NEW VOCATIONS RACEHORSE ADOPTION (EIN 311681380) - 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

1999

Legal Domicile

Principal Officer

DOT MORGAN

Phone

8592529574

Tax Period

2024-01-01 to 2024-12-31

NEW VOCATIONS RACEHORSE ADOPTION, founded in 1999, is a community nonprofit in the Animal-Related sector that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 29% operating margin.

Mission

REHABILITATION AND ADOPTION PROGRAM FOR RETIRED RACEHORSES.

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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 $4,815,652

Program Service Revenue $653,532

Investment Income $703,998

Other Revenue $101,988

TOTAL REVENUE $6,275,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $737,875

Fundraising Expenses $127,692

Program Expenses $4,114,983

Other Expenses $3,712,183

TOTAL EXPENSES $4,450,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,275,170	$3,311,391	+0.9%
Expenses	$4,450,058	$2,952,923	+0.5%
Net Income	$1,825,112	$358,468	+4.1%

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

$55,945

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BUCHY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRITNEY EURTON	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY LACY	BOARD MEMBER	1.00	Director	$0	$0	$0
MANDY MINGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
OREN PLOUS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DOT MORGAN	EXECUTIVE DIRECTOR	40.00	Officer	$55,945	$0	$55,945
ANNA FORD	PROGRAM DIRECTOR	40.00	Highest	$118,120	$0	$118,120

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	$6,275,170	$4,450,058	$9,853,188	$1,825,112
2023	$3,311,391	$2,952,923	$8,145,486	$358,468
2022	$3,344,191	$2,693,478	$7,348,673	$650,713
2021	$3,404,766	$2,221,220	$7,533,881	$1,183,546
2020	$3,233,610	$2,141,295	$6,356,864	$1,092,315
2019	$2,484,433	$2,181,409	$5,266,819	$303,024
2018	$1,763,254	$2,108,337	$4,952,379	$-345,083

NEW VOCATIONS RACEHORSE ADOPTION