Illinois Thoroughbred Breeders and Owners Foundati (EIN 371011054) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

David Brown

Tax Period

2023-01-01 to 2023-12-31

Illinois Thoroughbred Breeders and Owners Foundati, founded in 1947, is a micro nonprofit that reported $66K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $57K, a strong 86% operating margin.

Mission

To promote the breeding, owning, and racing of thoroughbred horses in Illinois.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,650

Program Service Revenue $53,497

Investment Income $19

Other Revenue $0

TOTAL REVENUE $66,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,534

Other Expenses $9,016

TOTAL EXPENSES $9,016

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,166	$71,734	-0.1%
Expenses	$9,016	$47,448	-0.8%
Net Income	$57,150	$24,286	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$9,485

Total Directors

$9,485

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janice Ely	Treasurer	8.00	Officer Director	$9,485	$0	$9,485
Terry Young	Director	0.50	Director	$0	$0	$0
Joe Kirby	Director	0.50	Director	$0	$0	$0
John Haran	Director	0.50	Director	$0	$0	$0
Liz Kuhn	Director	0.50	Director	$0	$0	$0
Chris Block	Director	0.50	Director	$0	$0	$0
David Brown	President	2.00	Officer Director	$0	$0	$0
Drew Coontz	Vice President	0.50	Officer Director	$0	$0	$0
Shirley Ness	Secretary	0.50	Officer 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	$66,166	$9,016	$251,782	$57,150
2022	$71,734	$47,448	$316,192	$24,286
2021	$76,403	$70,759	$288,556	$5,644
2020	$60,473	$58,521	$252,675	$1,952
2019	$81,611	$81,888	$258,228	$-277
2018	$90,793	$111,437	$352,359	$-20,644

Illinois Thoroughbred Breeders and Owners Foundati