The National HBPA Inc

EIN: 521789171

Lexington, KY

Total Revenue
$676,337
Total Expenses
$725,357
Total Assets
$579,567
Net Assets
$526,818
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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
1992
Legal Domicile
KY
Principal Officer
CEO
Phone
8592590451
Tax Period
2023-01-01 to 2023-12-31

The National HBPA Inc, founded in 1992, is a small nonprofit that reported $676K in total revenue in fiscal year 2023.

Mission

To promote the sport of thoroughbred racing and to provide assistance to owners and trainers of thoroughbred race horses.

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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 $656,253
Program Service Revenue $0
Investment Income $584
Other Revenue $19,500
TOTAL REVENUE $676,337

Expense Breakdown

Grants Paid $18,800
Salaries & Benefits $251,239
Fundraising Expenses $0
Program Expenses $357,083
Other Expenses $455,318
TOTAL EXPENSES $725,357

Year-over-Year Comparison

2023 2022 Change
Revenue $676,337 $638,566 +0.1%
Expenses $725,357 $607,543 +0.2%
Net Income $-49,020 $31,023 -2.6%
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
24
Independent Members
24
Employees
2
Volunteers
45

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
7
$158,428
Total Directors
24
$0
Key Employees
1
$158,428
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric J Hamelback CEO 40.00
Officer Key Emp Highest
$158,428 $0 $158,428
Doug Daniels President 10.00
Officer Director
$0 $0 $0
Pat LePley Member 1.00
Director
$0 $0 $0
Joe Davis Reg VP 2.00
Officer Director
$0 $0 $0
J Lloyd Yother Reg VP 2.00
Officer Director
$0 $0 $0
Rick Hiles Reg VP 2.00
Officer Director
$0 $0 $0
Sandee Martin Reg VP 2.00
Officer Director
$0 $0 $0
Lynne McNally Secretary/Treasurer 4.00
Officer Director
$0 $0 $0
Dave McShane Member 1.00
Director
$0 $0 $0
David Ross Member 1.00
Director
$0 $0 $0
Joe Poole Member 1.00
Director
$0 $0 $0
David Brown Member 1.00
Director
$0 $0 $0
Jason Uelmen Member 1.00
Director
$0 $0 $0
Anthony Spadea Jr Member 1.00
Director
$0 $0 $0
Dr Paul Jenson Member 1.00
Director
$0 $0 $0
Kim Oliver Member 1.00
Director
$0 $0 $0
Dr David Harrington Member 1.00
Director
$0 $0 $0
Bill Walmsley Member 1.00
Director
$0 $0 $0
Benard Chatters Member 1.00
Director
$0 $0 $0
Mike Dini Member 1.00
Director
$0 $0 $0
David Millburn Member 1.00
Director
$0 $0 $0
Wally Wollesen Member 1.00
Director
$0 $0 $0
Jim Watkins Member 1.00
Director
$0 $0 $0
Joe Offolter Member 1.00
Director
$0 $0 $0
Ron Sutton Member 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 No data No data No data No data
2023 $676,337 $725,357 $579,567 $-49,020
2022 $638,566 $607,543 $607,306 $31,023
2021 $498,422 $543,552 $558,183 $-45,130
2020 $563,740 $494,981 $597,105 $68,759
2019 $628,899 $633,360 $532,407 $-4,461
2018 $626,088 $651,024 $531,753 $-24,936
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