CLOVERLEAF STANDARDBRED OWNER'S ASSOCIAT

EIN: 510102572

TEMPLE HILLS, MD

Total Revenue
$583,222
Total Expenses
$433,589
Total Assets
$766,633
Net Assets
$749,029
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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
1995
Legal Domicile
MD
Principal Officer
JONATHAN ROBERTS
Phone
3015679636
Tax Period
2023-11-01 to 2024-10-31

CLOVERLEAF STANDARDBRED OWNER'S ASSOCIAT, founded in 1995, is a small nonprofit that reported $583K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 26% operating margin.

Mission

TO PROMOTE HARNESS HORSE RACING AND TO MAINTAIN HIGH STANDARDS IN HARNESS HORSE OWNERSHIP, BREEDING, RAISING AND RACING, NEGOTIATES PURSE STRUCTURE, INSURANCE AND WELFARE PROGRAMS, AND COUNSELS AND INFORMS HORSEMEN ON MATTERS PERTAINING TO HARNESS RACING.

Program Service Accomplishments

Program 1

N/A

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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 $552,023
Investment Income $6,479
Other Revenue $24,720
TOTAL REVENUE $583,222

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,292
Fundraising Expenses $0
Other Expenses $147,680
TOTAL EXPENSES $433,589

Year-over-Year Comparison

2023 2022 Change
Revenue $583,222 $439,224 +0.3%
Expenses $433,589 $296,912 +0.5%
Net Income $149,633 $142,312 +0.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
3
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLBY HUBBLE DIRECTOR 0.00
Director
$0 $0 $0
RUSSELL FOSTER DIRECTOR 0.00
Director
$0 $0 $0
TIMMY OFFUTT DIRECTOR 0.00
Director
$0 $0 $0
KENNETH WECKSTEIN DIRECTOR 0.00
Director
$0 $0 $0
KENNETH SCHLOTZHAUER DIRECTOR 0.00
Director
$0 $0 $0
THOMAS COOKE DIRECTOR 0.00
Director
$0 $0 $0
JONATHAN ROBERTS PRESIDENT 0.00
Officer Director
$0 $0 $0
FRANK MILBY 1ST VICE-PRESIDENT 0.00
Officer Director
$0 $0 $0
WILLIAM LONG 2ND VICE-PRESIDENT 0.00
Officer Director
$0 $0 $0
ELI SOLOMON TREASURER 0.00
Officer Director
$0 $0 $0
JEFFERY CLARK SECRETARY 0.00
Officer 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 $583,222 $433,589 $766,633 $149,633
2023 $439,224 $296,912 $608,484 $142,312
2022 $183,313 $244,058 $465,569 $-60,745
2021 $179,493 $197,960 $524,564 $-18,467
2020 $152,439 $210,696 $547,278 $-58,257
2019 $227,682 $196,957 $601,474 $30,725
2018 $219,665 $185,913 $568,764 $33,752
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