NORTH FLORIDA HORSEMEN'S ASSOCIATION INC (EIN 461411043) - 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

2009

Legal Domicile

Principal Officer

WESLEY COX

Phone

8505456084

Tax Period

2019-10-01 to 2020-09-30

NORTH FLORIDA HORSEMEN'S ASSOCIATION INC, founded in 2009, is a small nonprofit in the Animal-Related sector that reported $175K in total revenue in fiscal year 2019. Expenses of $235K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE THE RECOGNITION OF PERFORMANCE HORSE RACING AS AN AUTHORIZED TYPE OF HORSE RACING UNDER FLORIDA PARI-MUTUEL WAGERING LAW.

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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 (2019)

Revenue Breakdown

Contributions & Grants $105

Program Service Revenue $175,250

Investment Income $0

Other Revenue $123

TOTAL REVENUE $175,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,787

Other Expenses $235,037

TOTAL EXPENSES $235,037

Year-over-Year Comparison

	2019	2018	Change
Revenue	$175,478	$181,352	0.0%
Expenses	$235,037	$163,784	+0.4%
Net Income	$-59,559	$17,568	-4.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY COX	PRESIDENT	1.00	Officer Director	$0	$0	$0
CINDY GRAMLING	VICE PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
BRADLEY MONROE	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
2020	$175,478	$235,037	$118,733	$-59,559
2019	$181,352	$163,784	$178,292	$17,568
2018	$83,466	$78,952	$160,724	$4,514

NORTH FLORIDA HORSEMEN'S ASSOCIATION INC