Nebraska Horsemen's Benevolent and Protective Association Inc

EIN: 470721298

LINCOLN, NE

Total Revenue
$2,358,405
Total Expenses
$1,673,300
Total Assets
$21,197,554
Net Assets
$8,494,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NE
Phone
4028024467
Tax Period
2023-01-01 to 2023-12-31

Nebraska Horsemen's Benevolent and Protective Association Inc, founded in 1987, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $685K, a strong 29% operating margin.

Mission

TO FOSTER, PROMOTE, AND ENCOURAGE A HEALTHIER ECONOMIC CLIMATE, A HIGHER LEVEL OF PUBLIC ACCEPTANCE, AND BETTER RELATIONS AMONG PARTICIPANTS OF THE THOROUGHBRED HORSE INDUSTRY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $27,202
Other Revenue $2,331,203
TOTAL REVENUE $2,358,405

Expense Breakdown

Grants Paid $13,184
Salaries & Benefits $159,333
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,440,783
TOTAL EXPENSES $1,673,300

Year-over-Year Comparison

2023 2022 Change
Revenue $2,358,405 $1,216,383 +0.9%
Expenses $1,673,300 $901,220 +0.9%
Net Income $685,105 $315,163 +1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
92
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
4
$348,216
Total Directors
12
$153,308
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE PRESIDENT 0.0
Officer Director
$0 $0 $0
N/A PRESIDENT 0.0
Officer Director
$0 $0 $0
N/A SECRETARY/TREASURER/COO 40.0
Officer Director
$147,308 $6,000 $153,308
N/A DIRECTOR 0.0
Director
$0 $0 $0
N/A DIRECTOR 0.0
Director
$0 $0 $0
N/A DIRECTOR 0.0
Director
$0 $0 $0
N/A DIRECTOR 0.0
Director
$0 $0 $0
N/A DIRECTOR 0.0
Director
$0 $0 $0
N/A DIRECTOR 0.0
Director
$0 $0 $0
N/A DIRECTOR 0.0
Director
$0 $0 $0
N/A DIRECTOR 0.0
Director
$0 $0 $0
N/A DIRECTOR 0.0
Director
$0 $0 $0
N/A CHIEF EXECUTIVE OFFICER 40.0
Officer
$183,021 $11,887 $194,908
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 No data No data No data No data
2023 $2,358,405 $1,673,300 $21,197,554 $685,105
2022 $1,216,383 $901,220 $16,589,886 $315,163
2021 $1,882,455 $1,203,240 $12,449,045 $679,215
2020 $1,454,963 $1,309,268 $12,712,596 $145,695
2019 $1,847,271 $1,934,224 $12,432,446 $-86,953
2018 $1,610,136 $1,597,741 $13,044,101 $12,395
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