AIKEN STEEPLECHASE ASSOCIATION INC

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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

1930

Legal Domicile

Principal Officer

MIKE HOSANG

Phone

8036489641

Tax Period

2024-07-01 to 2025-06-30

AIKEN STEEPLECHASE ASSOCIATION INC, founded in 1930, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.6M left a modest 4% surplus.

Mission

TO PERPETUATE THE RACES KNOWN AS THE AIKEN SPRING HUNT MEET AND THE AIKEN FALL HUNT MEET.

Program Service Accomplishments

Program 1

Expenses: $1,375,852 Revenue: $1,420,881

TO PERPETUATE THE RACES KNOWN AS THE AIKEN SPRING HUNT MEET AND THE AIKEN FALL HUNT MEET AND CONDUCT ANY OTHER APPROPRIATE AND APPROVED ACTIVITY OF ITS BOARD OF DIRECTORS.

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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 $235,809

Program Service Revenue $1,420,881

Investment Income $21,877

Other Revenue $-12,077

TOTAL REVENUE $1,666,490

Expense Breakdown

Grants Paid $41,000

Salaries & Benefits $179,569

Fundraising Expenses $0

Program Expenses $1,375,852

Other Expenses $1,385,075

TOTAL EXPENSES $1,605,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,666,490	$1,828,721	-0.1%
Expenses	$1,605,644	$1,566,826	+0.0%
Net Income	$60,846	$261,895	-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
STUART BEDENBAUGH	MEMBER	N/A	Director	$0	$0	$0
DERRICK BODDY	MEMBER	N/A	Director	$0	$0	$0
JIM GEDDES	MEMBER	N/A	Officer Director	$0	$0	$0
MIKE HOSANG	TREASURER	N/A	Officer Director	$0	$0	$0
DON HOUCK	MEMBER	N/A	Director	$0	$0	$0
GENE KNEECE	VICE PRESIDE	N/A	Director	$0	$0	$0
ANNE MITCHELL	MEMBER	N/A	Director	$0	$0	$0
FRANK MULLINS	PRESIDENT	N/A	Officer Director	$0	$0	$0
DONNA POSTMA	SECRETARY	N/A	Director	$0	$0	$0
PAUL C SAUERBORN	MEMBER	N/A	Director	$0	$0	$0
CHANDA STEINBERG	MEMBER	N/A	Director	$0	$0	$0
CASSIE SULLIVAN	MEMBER	N/A	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	$1,666,490	$1,605,644	$5,561,287	$60,846
2024	$1,828,721	$1,566,826	$5,133,699	$261,895
2023	$1,606,632	$1,416,491	$4,972,780	$190,141
2022	$1,151,049	$914,251	$4,772,737	$236,798
2021	$298,340	$169,627	$4,267,182	$128,713
2020	$1,424,333	$488,871	$2,793,866	$935,462
2019	$849,813	$727,280	$606,751	$122,533