California Harness Horsemens Benevolent Foundation (EIN 461518613) - 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

2012

Legal Domicile

Phone

9162126328

Tax Period

2022-07-01 to 2023-06-30

California Harness Horsemens Benevolent Foundation, founded in 2012, is a small nonprofit in the Health Care sector that reported $183K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $163K left a modest 11% surplus.

Mission

The association manages and administers the "Backstretch and Welfare ProgramX; which is a state legislated medical insurance program for backstretch workers.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,004

Program Service Revenue $178,124

Investment Income $0

Other Revenue $0

TOTAL REVENUE $183,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,548

Other Expenses $95,926

TOTAL EXPENSES $162,985

Year-over-Year Comparison

	2022	2021	Change
Revenue	$183,128	$231,531	-0.2%
Expenses	$162,985	$136,486	+0.2%
Net Income	$20,143	$95,045	-0.8%

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	Role	Reportable Comp	Other Comp	Total
Vickie Desomer	CEO	Director	$0	$0	$0
Robin Clements	Secretary	Director	$0	$0	$0
Robert Johnson	CFO	Director	$0	$0	$0
Andrew Young	Director	Director	$0	$0	$0
John Matijasic	Director	Director	$0	$0	$0
Joann Richmond	Administrator	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$183,128	$162,985	$352,803	$20,143
2022	$231,531	$136,486	$342,410	$95,045
2021	$201,626	$72,983	$247,743	$128,643

California Harness Horsemens Benevolent Foundation