THOROUGHBRED RACING ASSOCIATION OF OKLAHOMA BENEVOLENCE FUND (EIN 367622602) - 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

2012

Legal Domicile

Principal Officer

DANIELLE BARBER

Phone

4054278753

Tax Period

2025-01-01 to 2025-12-31

THOROUGHBRED RACING ASSOCIATION OF OKLAHOMA BENEVOLENCE FUND, founded in 2012, is a small nonprofit that reported $292K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $71K, a strong 24% operating margin.

Mission

THE PURPOSE OF THIS TRUST IS TO PROVIDE BENEVOLENCE INCLUDING, BUT NOT LIMITED TO, FINANCIAL ASSISTANCE TO DEFRAY EXPENSES FOR MEDICAL CARE AND TREATMENT, HOSPITALIZATION, FUNERAL SERVICES, AND BURIAL OF MEMBERS IN GOOD STANDING AND WORTHY FORMER MEMBERS OF THE THOROUGHBRED RACING ASSOCIATION OF OKLAHOMA, THEIR SPOUSES AND CHILDREN, AND THEIR LICENSED BACKSTRETCH PERSONNEL, AS DEFINED HEREIN AND AS PERMITTED BY LAW, ON A CASE-BY CASE BASIS IN THE SOLE AND ABSOLUTE DISCRETION OF THE TRUSTEES OF THIS TRUST.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $292,129

Investment Income $0

Other Revenue $0

TOTAL REVENUE $292,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $219,928

Other Expenses $10,839

TOTAL EXPENSES $221,388

Year-over-Year Comparison

	2025	2024	Change
Revenue	$292,129	$322,570	-0.1%
Expenses	$221,388	$244,720	-0.1%
Net Income	$70,741	$77,850	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BIEHLER	DIRECTOR	N/A	Director	$0	$0	$0
RANDY BLAIR	DIRECTOR	N/A	Director	$0	$0	$0
DANNY CALDWELL	DIRECTOR	N/A	Director	$0	$0	$0
BOYD CASTER	DIRECTOR	N/A	Director	$0	$0	$0
DAVID FAULKNER	DIRECTOR	N/A	Director	$0	$0	$0
BRYAN HAWK	DIRECTOR	N/A	Director	$0	$0	$0
TERESA LUNEACK	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL MAJORS	DIRECTOR	N/A	Director	$0	$0	$0
KENNY NOLEN	DIRECTOR	N/A	Director	$0	$0	$0
JOE OFFOLTER	DIRECTOR	N/A	Director	$0	$0	$0
C R TROUT	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT YOUNG	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT ZOELLNER	DIRECTOR	N/A	Director	$0	$0	$0
DANIELLE BARBER	EXECUTIVE DI	N/A	Officer	$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
2025	$292,129	$221,388	$376,187	$70,741
2024	$322,570	$244,720	$304,598	$77,850
2023	$323,559	$272,471	$224,446	$51,088
2022	$302,281	$270,905	$173,338	$31,376
2021	$403,684	$326,773	$141,648	$76,911
2020	$248,973	$276,383	$61,559	$-27,410
2019	$297,177	$314,583	$88,969	$-17,406
2018	$248,875	$301,638	$106,375	$-52,763

THOROUGHBRED RACING ASSOCIATION OF OKLAHOMA BENEVOLENCE FUND