VIRGINIA THOROUGHBRED ASSOCIATION (EIN 510235884) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

JILL BYRNE

Phone

4349773716

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA THOROUGHBRED ASSOCIATION, founded in 1978, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $461K in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $416K left a modest 10% surplus.

Mission

TO PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN VIRGINIA AND ACT AS ADVOCATE FOR INDUSTRY AND COMMONWEALTH AGRI-BUSINESS AND THOROUGHBRED HORSE INDUSTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $80,000

Program Service Revenue $413,071

Investment Income $28,795

Other Revenue $40,968

TOTAL REVENUE $562,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $484,534

TOTAL EXPENSES $484,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,834	$485,794	+0.2%
Expenses	$484,534	$522,151	-0.1%
Net Income	$78,300	$-36,357	-3.2%

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

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
TURNER KOBAYASHI	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREW MOTION	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SARA MILLER	TREASURER	2.00	Officer Director	$0	$0	$0
AMY MOORE	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
CHRISTINE APPLEGATE	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE CHATFIELD-TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
DONNA DENNEHY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GRACIE	DIRECTOR	1.00	Director	$0	$0	$0
ALAN HUTCHISON	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE ROYSTER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KUHN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE MANNING	DIRECTOR	1.00	Director	$0	$0	$0
DIANA MCCLURE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN COONEY	DIRECTOR	1.00	Director	$0	$0	$0
SARAH NAGLE	DIRECTOR	1.00	Director	$0	$0	$0
PAT SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
LAURA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE VANSANT	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
2024	$562,834	$484,534	$4,968,831	$78,300
2023	$485,794	$522,151	$4,488,935	$-36,357
2022	$511,626	$508,435	$898,870	$3,191
2021	$493,730	$425,461	$562,520	$68,269
2020	$440,671	$366,088	$445,887	$74,583
2019	$494,700	$416,561	$193,473	$78,139
2018	$460,980	$416,088	$911,756	$44,892

VIRGINIA THOROUGHBRED ASSOCIATION