GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC (EIN 452466591) - 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

2011

Legal Domicile

Principal Officer

WILLIAM BADGETT

Phone

9546587156

Tax Period

2024-01-01 to 2024-12-31

GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $445K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO ASSIST WITH THE CARE AND PROPER TREATMENT, AS REQUIRED, TO ENSURE THE HEALTH AND SAFETY OF RETIRED RACEHORSES, PROMOTING PUBLIC AWARENESS CONCERNING THE MISTREATMENT OF RETIRED THOROUGHBRED RACE HORSES, AND EDUCATING THE PUBLIC ABOUT AND SUPPORTING INITIATIVES ON PREVENTION OF THE MISTREATMENT OF RETIRED RACEHORSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $444,887

TOTAL REVENUE $444,887

Expense Breakdown

Grants Paid $334,865

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,865

Other Expenses $110,022

TOTAL EXPENSES $444,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$444,887	$478,019	-0.1%
Expenses	$444,887	$478,019	-0.1%
Net Income	$0	$0	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BADGETT	PRESIDENT/CHAIRMAN	2.00	Officer Director	$0	$0	$0
SHERI HOLMES STIRLING	SECRETARY	10.00	Officer Director	$0	$0	$0
JOSHUA ADAMS	TREASURER	10.00	Officer Director	$0	$0	$0
MIKE ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
STACIE CLARK ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
BURTON FERNUNG	DIRECTOR	2.00	Director	$0	$0	$0
PHILIP MATTHEWS	DIRECTOR	2.00	Director	$0	$0	$0
LONNY POWELL	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE WALKER	DIRECTOR	2.00	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	$444,887	$444,887	$41,519	No data
2023	$478,019	$478,019	$28,518	No data
2022	$3,544,349	$3,632,209	$66,519	$-87,860
2021	$5,093,914	$5,256,747	$174,878	$-162,833

GULFSTREAM PARK THOROUGHBRED AFTER RACING PROGRAM INC