KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC (EIN 352171379) - 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

2002

Legal Domicile

Principal Officer

CHAUNCEY MORRIS

Phone

8592591643

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC, founded in 2002, is a micro nonprofit in the Animal-Related sector that reported $14K in total revenue in fiscal year 2023. The organization ran a surplus of $7K, a strong 50% operating margin.

Mission

TO SUPPORT AND FUND EQUINE RESEARCH

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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 $97

Program Service Revenue $0

Investment Income $14,112

Other Revenue $0

TOTAL REVENUE $14,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,150

TOTAL EXPENSES $7,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,209	$13,399	+0.1%
Expenses	$7,150	$6,222	+0.1%
Net Income	$7,059	$7,177	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

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

$298,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BAKER	PRESIDENT	1.00	Director	$0	$0	$0
WALKER HANCOCK	VICE PRESIDENT	1.00	Director	$0	$0	$0
BILL DAUGHERTY	SECRETARY	1.00	Director	$0	$0	$0
DERMOT RYAN	TREASURER	1.00	Director	$0	$0	$0
J STEPHEN HORN	ASSISTANT TREASURER	1.00	Director	$0	$0	$0
CHAUNCEY MORRIS	EXECUTIVE DIRECTOR	1.00	Officer	$0	$40,614	$298,594

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	No data	No data	No data	No data
2024	$14,209	$7,150	$647,729	$7,059
2023	$13,399	$6,222	$563,364	$7,177
2022	$17,961	$7,051	$506,384	$10,910
2021	$42,718	$61,017	$574,939	$-18,299
2020	$30,955	$4,986	$446,122	$25,969
2019	$52,339	$4,503	$421,987	$47,836

KENTUCKY THOROUGHBRED OWNERS & BREEDERS FOUNDATION INC