WEST VIRGINIA BREEDERS CLASSICS LTD

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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

1987

Legal Domicile

Principal Officer

CAROL HOLDEN

Phone

3047250709

Tax Period

2023-07-01 to 2024-06-30

WEST VIRGINIA BREEDERS CLASSICS LTD, founded in 1987, is a small nonprofit that reported $430K in total revenue in fiscal year 2023. Expenses of $393K left a modest 9% surplus.

Mission

THE WEST VIRGINIA BREEDERS CLASSIC, LTD. IS A TRADE ASSOCIATION THAT PROMOTES WEST VIRGINIA THOROUGHBRED BREEDING AND RACING, AND IS HIGHLIGHTED BY AN ANNUAL RACING EVENT AND OTHER PROMOTIONAL EVENTS.

Program Service Accomplishments

Program 1

PROMOTED AWARENESS OF THE WEST VIRGINIA THOROUGHBRED INDUSTRY AT THE REGIONAL AND LOCAL LEVEL. EVENTS INCLUDE AN INDUSTRY GALA, GOLF TOURNAMENT, AND AN ANNUAL RACING EVENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $410,179

Investment Income $20,059

Other Revenue $0

TOTAL REVENUE $430,238

Expense Breakdown

Grants Paid $38,913

Salaries & Benefits $165,711

Fundraising Expenses $0

Other Expenses $188,389

TOTAL EXPENSES $393,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,238	$414,592	+0.0%
Expenses	$393,013	$365,962	+0.1%
Net Income	$37,225	$48,630	-0.2%

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

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

$80,800

Total Directors

$82,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL A HOLDEN	PRESIDENT	40.00	Officer Director	$80,400	$0	$80,400
CYNTHIA MCKEE	DIRECTOR	2.00	Director	$150	$0	$150
DEBBIE MCCLURE	DIRECTOR	2.00	Director	$100	$0	$100
DOUG ALLARA	DIRECTOR	2.00	Director	$150	$0	$150
EDWARD DOCKENEY	DIRECTOR	2.00	Director	$100	$0	$100
GEORGIANA PARDO	DIRECTOR	2.00	Director	$0	$0	$0
CHARLIE MCINTOSH	SECRETARY	2.00	Officer Director	$100	$0	$100
JAMES MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JERRY OLSEN	DIRECTOR	2.00	Director	$150	$0	$150
LENNY HALE	DIRECTOR	2.00	Director	$0	$0	$0
DR KEITH BERKELEY	DIRECTOR	2.00	Director	$150	$0	$150
MARY VIA	DIRECTOR	2.00	Director	$100	$0	$100
PAUL ESPINOSA JR	DIRECTOR	2.00	Director	$150	$0	$150
RON MARCUS	DIRECTOR	2.00	Director	$100	$0	$100
RICHARD MOORE	VICE PRESIDENT	5.00	Officer Director	$150	$0	$150
EDDIE HOUGH	DIRECTOR	2.00	Director	$100	$0	$100
WILLIAM H CHESLEY	TREASURER	5.00	Officer Director	$150	$0	$150
DOUG BOWLING	DIRECTOR	2.00	Director	$50	$0	$50
JOHN FUNKHOUSER	DIRECTOR	2.00	Director	$50	$0	$50
SAM HUFF	CHAIRMAN EMERITUS	1.00	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	No data	No data	No data	No data
2024	$430,238	$393,013	$1,033,110	$37,225
2023	$414,592	$365,962	$995,887	$48,630
2022	$526,498	$357,592	$947,293	$168,906
2021	$341,709	$318,937	$778,415	$22,772
2020	$482,087	$388,693	$754,255	$93,394
2019	$360,984	$376,341	$655,916	$-15,357
2018	$346,536	$380,353	$665,571	$-33,817