MARYLAND STANDARDBRED HORSEMEN'S ASSISTANCE FUND INC (EIN 522345300) - 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

2001

Legal Domicile

Principal Officer

SHARON L ROBERTS

Phone

3015679636

Tax Period

2023-01-01 to 2023-12-31

MARYLAND STANDARDBRED HORSEMEN'S ASSISTANCE FUND INC, founded in 2001, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $33K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $31K left a modest 4% surplus.

Mission

TO USE FUNDS DERIVED FROM FINES ASSESSED BY THE MARYLAND RACING COMMISSION FOR THE CHARITABLE BENEFIT & AID OF STANDARD BRED HORSEMEN & THEIR FAMILIES.

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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 $12,259

Program Service Revenue $14,900

Investment Income $5,351

Other Revenue $158

TOTAL REVENUE $32,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,073

Fundraising Expenses $0

Program Expenses $20,878

Other Expenses $6,172

TOTAL EXPENSES $31,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,668	$59,773	-0.5%
Expenses	$31,408	$26,461	+0.2%
Net Income	$1,260	$33,312	-1.0%

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	Role	Reportable Comp	Other Comp	Total
COLBY HUBBLE	DIRECTOR	Director	$0	$0	$0
JASON WALTERS	DIRECTOR	Director	$0	$0	$0
TAMMY LAFFERTY	DIRECTOR	Director	$0	$0	$0
RUSSELL H FOSTER	DIRECTOR	Director	$0	$0	$0
FRANKLIN D MILBY	DIRECTOR	Director	$0	$0	$0
PETE MEDHURST	DIRECTOR	Director	$0	$0	$0
KENNETH SCHLOTZHAUER	DIRECTOR	Director	$0	$0	$0
THOMAS COOKE	PRESIDENT	Officer Director	$0	$0	$0
WILLIAM LONG	SECRETARY/TREASURER	Officer 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	$32,668	$31,408	$163,351	$1,260
2022	$59,773	$26,461	$162,091	$33,312
2021	$31,582	$21,887	$128,779	$9,695
2020	$63,026	$25,886	$119,084	$37,140
2019	$47,060	$32,460	$81,944	$14,600
2018	$19,385	$25,376	$67,344	$-5,991

MARYLAND STANDARDBRED HORSEMEN'S ASSISTANCE FUND INC