MARYLAND HORSE BREEDERS ASSOCIATION INC (EIN 520580070) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1929

Legal Domicile

Principal Officer

CRICKET GOODALL

Phone

4102522100

Tax Period

2024-04-01 to 2025-03-31

MARYLAND HORSE BREEDERS ASSOCIATION INC, founded in 1929, is a community nonprofit in the Animal-Related sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO ENCOURAGE, PROMOTE, PROTECT AND IMPROVE THE HORSE BREEDING INDUSTRY IN MARYLAND. WHILE THE EMPHASIS HAS BEEN PLACED ON THE PRODUCTION OF THOROUGHBRED RACE HORSES, THE MHBA ENCOURAGES ALL SPORTS RELATING TO THE USE OF THE HORSE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $77,670

Program Service Revenue $1,740,807

Investment Income $37,722

Other Revenue $-24,514

TOTAL REVENUE $1,831,685

Expense Breakdown

Grants Paid $92,000

Salaries & Benefits $886,660

Fundraising Expenses $0

Program Expenses $1,945,983

Other Expenses $967,323

TOTAL EXPENSES $1,945,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,831,685	$2,189,510	-0.2%
Expenses	$1,945,983	$1,954,708	0.0%
Net Income	$-114,298	$234,802	-1.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
CRICKET GOODALL	EXECUTIVE DI	50.00	Highest	$162,001	$33,110	$195,111
TJ ALBERT	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BLANFORD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BONIFACE	TREASURER	2.00	Officer Director	$0	$0	$0
BROOKE BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMY BURK	DIRECTOR	1.00	Director	$0	$0	$0
LISA HOFSTETTER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HORNING	DIRECTOR	1.00	Director	$0	$0	$0
HENRY CLARK III	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES C FENWCK JR	DIRECTOR	1.00	Director	$0	$0	$0
TK KUEGLER	DIRECTOR	1.00	Director	$0	$0	$0
GRACE MERRYMAN	DIRECTOR	1.00	Director	$0	$0	$0
KENT A MURRAY	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSEPH PONS	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
GINA ROBB	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS ROONEY	DIRECTOR	1.00	Director	$0	$0	$0
PHIL SCHOENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WADE	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
2025	$1,831,685	$1,945,983	$3,016,388	$-114,298
2024	$2,189,510	$1,954,708	$3,090,066	$234,802
2023	$2,173,917	$1,900,614	$3,276,106	$273,303
2022	$2,240,057	$1,800,963	$2,965,855	$439,094
2021	$1,634,574	$1,629,752	$2,889,536	$4,822
2020	$2,144,535	$2,056,381	$1,935,942	$88,154
2019	$2,168,496	$2,013,202	$1,929,461	$155,294
2018	$2,125,882	$1,929,927	$1,756,624	$195,955

MARYLAND HORSE BREEDERS ASSOCIATION INC