ILLINOIS HORSEMEN BENEVOLENT PROTECTIVE ASSN INC (EIN 371242930) - 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

1992

Legal Domicile

Principal Officer

JAMES WATKINS

Phone

6183457724

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS HORSEMEN BENEVOLENT PROTECTIVE ASSN INC, founded in 1992, is a small nonprofit that reported $433K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 30% operating margin.

Mission

HBPA IS THE CONTRACTUAL ORGANIZATION REPRESENTING OWNERS AND TRAINERS IN NEGOTIATION REGARDING PURSES STRUCTURE, TRACK SAFETY, AND ANY OTHER ISSUES THAT MAY COME UP.

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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 $427,754

Program Service Revenue $0

Investment Income $313

Other Revenue $4,727

TOTAL REVENUE $432,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,578

Fundraising Expenses $0

Program Expenses $248,086

Other Expenses $187,013

TOTAL EXPENSES $302,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$432,794	$276,345	+0.6%
Expenses	$302,986	$241,680	+0.3%
Net Income	$129,808	$34,665	+2.7%

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
JIM WATKINS	PRESIDENT	5.00	Officer Director	$0	$0	$0
TIM HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
PATTI MACARI	DIRECTOR	1.00	Director	$0	$0	$0
HARRY LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN REDNOUR	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA RUSH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WAINWRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WARCHOL	DIRECTOR	1.00	Director	$0	$0	$0
DUANE WELLS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BECKER	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	$432,794	$302,986	$190,116	$129,808
2022	$276,345	$241,680	$62,197	$34,665
2021	$208,051	$216,292	$27,179	$-8,241
2020	$230,991	$240,981	$33,956	$-9,990
2019	$233,249	$292,439	$44,457	$-59,190

ILLINOIS HORSEMEN BENEVOLENT PROTECTIVE ASSN INC