Coweta Falls Steeplechase Inc (EIN 581650923) - 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

1985

Legal Domicile

Principal Officer

Adam Pease

Phone

7063246252

Tax Period

2024-01-01 to 2024-12-31

Coweta Falls Steeplechase Inc, founded in 1985, is a small nonprofit that reported $208K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $599K exceeded revenue, resulting in a 188% operating deficit.

Mission

The Steeplechase at Callaway was established to carry on a non-profit, charitable, civic, social and athletic sporting event to benefit the arts in and around our community by providing patrons with exciting races, as well as other entertainment provided during the day for the enjoyment of both family and friends.

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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 $55,300

Program Service Revenue $0

Investment Income $1,307

Other Revenue $151,177

TOTAL REVENUE $207,784

Expense Breakdown

Grants Paid $102,000

Salaries & Benefits $0

Fundraising Expenses $82,856

Program Expenses $102,000

Other Expenses $496,707

TOTAL EXPENSES $598,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,784	$595,138	-0.7%
Expenses	$598,707	$399,500	+0.5%
Net Income	$-390,923	$195,638	-3.0%

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

N/A

Volunteers

250

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
Mason Houghland Lampton	Race Chair Emiertus & Dire	1.00	Officer Director	$0	$0	$0
Mason Hardaway Lampton	President & Race Chairman	1.00	Officer Director	$0	$0	$0
Adam R Pease	Secretary & Director	1.00	Officer Director	$0	$0	$0
Jackie Thomason	Treasurer	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	$207,784	$598,707	$800,153	$-390,923
2023	$595,138	$399,500	$851,244	$195,638
2022	$318,891	$297,533	$656,975	$21,358
2021	$280,420	$316,063	$631,649	$-35,643
2020	$288,453	$330,932	$692,517	$-42,479
2019	$365,634	$374,175	$707,839	$-8,541
2018	$319,546	$337,342	$711,551	$-17,796

Coweta Falls Steeplechase Inc