JANESVILLE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MINNESOTA HARNESS RACING INC, founded in 1951, is a small nonprofit in the Mutual Benefit sector that reported $447K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $113K, a strong 25% operating margin.
REPRESENTING ALL THE OWNERS, TRAINER, BREEDERS, GROOMS AND DRIVERS THAT RACE STANDARD BRED HARNESS HORSES IN THE STATE OF MINNESOTA. PROMOTING AND PROTECTING THE WELFARE OF THE HORSES RACED AND THOSE INVOLVED WITH WORKING WITH THEM.
THE ORGANIZATION REPRESENTS ITS MEMEBERSHIP AND THE STANDARD BREED INDUSTRY AS A NONPROFIT IN NEGOTIATING CONTRACTS WITH RACETRACKS THAT SUPPORT HARNESS RACING IN MINNESOTA. THE ORGANIZATION SUPPORTS...
THE ORGANIZATION REPRESENTS ITS MEMEBERSHIP AND THE STANDARD BREED INDUSTRY AS A NONPROFIT IN NEGOTIATING CONTRACTS WITH RACETRACKS THAT SUPPORT HARNESS RACING IN MINNESOTA. THE ORGANIZATION SUPPORTS AND PROMOTES HARNESS RACING IN MINNESOTA AND ADVANCES THE BREEDING AND RACING OPPORTUNITIES WITHIN THE STATE, THUS IMPROVING AGRICULTURAL DEVELOPMENT FOR ITS MEMBERSHIP. THE ORGANIZATION SECURES AND DISTRIBUTES PURSE FUNDS FOR COUNTY FAIRS THAT HOST HARNESS RACING. ALL FUNDS ARE DISTRUBUTED BASED UPON COMPETITIVE, SANCTIONED EVENTS IN A NONDISCRIMINATORY MANNER FOLLOWING THE RULES ESTABLISHED BY THE UNITED STATE TROTTING ASSOCIATION. THE ORGANIZATION ALSO HOSTS AWARDS BANQUETS TO RECOGNIZE OWNERS AND DRIVERS OF HORSES THAT ARE SUCCESSFUL THROUGOUT THE YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $447,432 | $403,962 | +0.1% |
| Expenses | $334,521 | $411,725 | -0.2% |
| Net Income | $112,911 | $-7,763 | -15.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JUSTIN ANFINSON | PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| CATHY DESSERT | VICE PRESIDE | 1.00 |
Officer
|
$0 | $0 | $0 |
| GREG BUDACH | SECRETARY/TR | 1.00 |
Officer
|
$0 | $0 | $0 |
| MIKAELA DEL GIUDICE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN DETGEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSICA JOHNSON | BOARD MEMBER | 1.00 |
Director
|
$750 | $0 | $750 |
| BRANDON JENSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY HUFFMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSE DELONG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN ROLAND | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE TATE | BOARD MEMBER | 1.00 |
Director
|
$9,230 | $0 | $9,230 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $447,432 | $334,521 | $337,804 | $112,911 |
| 2024 | $403,962 | $411,725 | $224,893 | $-7,763 |
| 2023 | $439,027 | $361,794 | $232,656 | $77,233 |
| 2022 | $549,725 | $519,118 | $155,423 | $30,607 |
| 2021 | $462,180 | $422,804 | $124,816 | $39,376 |
| 2020 | $464,778 | $463,203 | $85,440 | $1,575 |
| 2019 | $494,660 | $481,190 | $83,865 | $13,470 |
| 2018 | $266,233 | $365,564 | $70,395 | $-99,331 |
Compare MINNESOTA HARNESS RACING INC with other nonprofits in Minnesota and across the country.