DELAWARE STANDARDBRED OWNERS ASSOCIATION INC (EIN 522027153) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

ANDY MARKANO

Phone

3026783058

Tax Period

2024-10-01 to 2025-09-30

DELAWARE STANDARDBRED OWNERS ASSOCIATION INC, founded in 1998, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.0M left a modest 6% surplus.

Mission

THE ORGANIZATION PROMOTES AND PROTECTS THE WELFARE OF HORSEMEN IN DELAWARE. IT NEGOTIATES PURSE STRUCTURE, INSURANCE AND WELFARE PROGRAMS AND COUNCILS AND INFORMS THE HORSEMEN ON MATTERS PERTAINING TO HARNESS RACING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,817,928

Investment Income $1,477,122

Other Revenue $0

TOTAL REVENUE $5,295,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,434

Fundraising Expenses $0

Program Expenses $4,844,029

Other Expenses $1,000,521

TOTAL EXPENSES $4,990,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,295,050	$4,823,811	+0.1%
Expenses	$4,990,728	$3,330,719	+0.5%
Net Income	$304,322	$1,493,092	-0.8%

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

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
JOHN HENSLEY	EXECUTIVE DI	40.00	Highest	$150,000	$8,414	$158,414
RICHARD ASHLEY	DIRECTOR	1.00	Director	$0	$0	$0
FRANK DELIBERTI	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE DENNIS	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
THOMAS IRELAND	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KING	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR KIRBY	DIRECTOR	1.00	Director	$0	$0	$0
ANDY MARKANO	PRESIDENT	1.00	Officer Director	$0	$0	$0
CARLO POLISENO	DIRECTOR	1.00	Director	$0	$0	$0
JASON SKINNER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE TEAGUE	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
FRANCES E WEST	SECRETARY	1.00	Officer Director	$0	$0	$0
T ROSS WOLFENDEN	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	$5,295,050	$4,990,728	$13,327,168	$304,322
2024	$4,823,811	$3,330,719	$12,644,186	$1,493,092
2023	$3,928,219	$3,037,054	$10,206,627	$891,165
2022	$1,227,803	$3,490,874	$7,923,561	$-2,263,071
2021	$5,650,651	$3,936,083	$10,232,843	$1,714,568
2020	$4,737,181	$3,522,771	$8,675,918	$1,214,410
2019	$4,072,295	$3,519,154	$7,310,707	$553,141

DELAWARE STANDARDBRED OWNERS ASSOCIATION INC