SECRETARIAT CENTER INC (EIN 453536475) - 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

WHITNEY ALLEN

Phone

8592463080

Tax Period

2024-01-01 to 2024-12-31

SECRETARIAT CENTER INC, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $346K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $463K exceeded revenue, resulting in a 34% operating deficit.

Mission

SECRETARIAT CENTER'S MISSION IS TO PREPARE OFF TRACK THOROUGHBREDS FOR HAPPY, HEALTHY, AND SUCCESSFUL POST-TRACK CAREERS BY REHABILITATING AND GIVING THEM A BROAD-BASED FOUNDATION OF SKILLS TO ENSURE A HARMONIOUS MATCH WITH THEIR ADOPTERS. WE ADVOCATE FOR THE ATHLETICISM AND VERSATILITY OF THE AMERICAN THOROUGHBRED AND PROVIDE EDUCATION OPPORTUNITIES FOR HUMAN DEVELOPMENT THROUGH HORSEMANSHIP

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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 $236,713

Program Service Revenue $93,536

Investment Income $812

Other Revenue $15,122

TOTAL REVENUE $346,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,009

Fundraising Expenses $9,258

Program Expenses $435,076

Other Expenses $209,839

TOTAL EXPENSES $462,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,183	$388,836	-0.1%
Expenses	$462,848	$505,730	-0.1%
Net Income	$-116,665	$-116,894	0.0%

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

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

$99,794

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDI NICHOLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
COLE SANDOW	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID OSBORNE	BOARD MEMBER	1.00	Director	$0	$0	$0
EMMA BROWNE LOVATT	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY BUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE KIPNIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ANN EWING	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY SCHMITT	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY ALLEN	PRESIDENT	1.00	Officer	$0	$0	$0
MATT LYONS	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
JIMMY LANFORD	TREASURER	1.00	Officer	$0	$0	$0
JESSICA MILLER	SECRETARY	1.00	Officer	$0	$0	$0
BILL NELSON	EXECUTIVE DIRECTOR	40.00	Officer	$59,602	$0	$59,602
CAROLINE TATUM	EQUINE PROGRAM DIRECTOR	40.00	Officer	$40,192	$0	$40,192

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	$346,183	$462,848	$497,994	$-116,665
2023	$388,836	$505,730	$509,668	$-116,894
2022	$558,255	$472,052	$623,096	$86,203
2021	$553,088	$439,149	$590,421	$113,939
2020	$405,819	$371,563	$455,400	$34,256
2019	$468,734	$471,751	$390,501	$-3,017
2018	$441,932	$442,639	$382,876	$-707

SECRETARIAT CENTER INC