TAKE 2 SECOND CAREER THOROUGHBRED PROGRAM INC (EIN 462312886) - 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

2013

Legal Domicile

Principal Officer

ANDY BELFIORE

Phone

7326732855

Tax Period

2024-06-01 to 2025-05-31

TAKE 2 SECOND CAREER THOROUGHBRED PROGRAM INC, founded in 2013, is a small nonprofit in the Animal-Related sector that reported $805K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THE TAKE2 SECOND CAREER THOROUGHBRED PROGRAM, INC IS COMMITTED TO PROMOTING AND DEVELOPING SECOND CAREERS FOR RACEHORSES WHEN THEY HAVE RETIRED FROM RACING.

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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 $786,761

Program Service Revenue $0

Investment Income $18,574

Other Revenue $0

TOTAL REVENUE $805,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $822,528

Other Expenses $829,416

TOTAL EXPENSES $829,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$805,335	$939,305	-0.1%
Expenses	$829,416	$748,305	+0.1%
Net Income	$-24,081	$191,000	-1.1%

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
MICHAEL SHANLEY	DIRECTOR	1.00	Director	$0	$0	$0
ADELE EINHORN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICE VIOLETTE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ALEXA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SCHOSBERG	PRESIDENT	5.00	Officer	$0	$0	$0
PATRICK KELLY	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
CINTHIA ANE MCGREEVY	VICE PRESIDENT	2.00	Officer	$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	$805,335	$829,416	$1,107,943	$-24,081
2024	$939,305	$748,305	$1,072,552	$191,000
2023	$693,826	$535,230	$878,013	$158,596
2022	$686,332	$423,617	$722,365	$262,715
2021	$575,160	$443,590	$458,764	$131,570
2020	$510,178	$397,860	$327,006	$112,318
2019	$371,387	$380,078	$209,657	$-8,691

TAKE 2 SECOND CAREER THOROUGHBRED PROGRAM INC