FLORIDA THOROUGHBRED BREEDERS ASSOC INC (EIN 590944678) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

PEGGY YOST

Phone

3526292160

Tax Period

2024-07-01 to 2025-06-30

FLORIDA THOROUGHBRED BREEDERS ASSOC INC, founded in 1967, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2024.

Mission

TO PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE STATE OF FLORIDA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $297,477

Program Service Revenue $6,884,598

Investment Income $21,888

Other Revenue $2,745

TOTAL REVENUE $7,206,708

Expense Breakdown

Grants Paid $5,202,772

Salaries & Benefits $1,220,120

Fundraising Expenses $0

Other Expenses $1,430,484

TOTAL EXPENSES $7,853,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,206,708	$7,463,178	0.0%
Expenses	$7,853,376	$6,370,227	+0.2%
Net Income	$-646,668	$1,092,951	-1.6%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$535,114

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT FERNUNG	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE RUSSELL	DIRECTOR THRU 10/24	1.00	Director	$0	$0	$0
T PAUL BULMAHN	DIRECTOR THRU 10/24	1.00	Director	$0	$0	$0
LAURINE FULLER-VARGAS	DIRECTOR THRU 10/24	1.00	Director	$0	$0	$0
NICK DE MERIC	DIRECTOR THRU 10/24	1.00	Director	$0	$0	$0
FRANCIS VANLENGENDONCK	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARILYN CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH M O'FARRELL III	TREASURER	1.00	Officer Director	$0	$0	$0
MILAN KOSANOVICH	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE ISAACS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HALL	DIRECTOR	1.00	Director	$0	$0	$0
MARY LIGHTNER	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY ATTEBERRY DVM	DIRECTOR BEG 10/24	1.00	Director	$0	$0	$0
BETH BAYER	DIRECTOR BEG 10/24	1.00	Director	$0	$0	$0
COLIN BRENNAN	DIRECTOR BEG 10/24	1.00	Director	$0	$0	$0
RICHARD HEYSEK	DIRECTOR BEG 10/24	1.00	Director	$0	$0	$0
VALERIE DAILEY	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BECKIE CANTRELL	SECRETARY	1.00	Officer Director	$0	$0	$0
LONNY T POWELL	CEO & EXECUTIVE VP	40.00	Officer	$350,515	$30,199	$380,714
PEGGY YOST	CFO	40.00	Officer	$148,800	$5,600	$154,400
STEPHEN KOCH	OPERATIONS	40.00	Highest	$128,130	$11,370	$139,500

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	$7,206,708	$7,853,376	$7,343,952	$-646,668
2024	$7,463,178	$6,370,227	$8,140,154	$1,092,951
2023	$3,166,243	$2,914,097	$6,512,648	$252,146
2022	$2,891,430	$2,462,379	$6,294,766	$429,051
2021	$2,587,423	$2,133,980	$5,874,761	$453,443
2020	$2,150,365	$2,635,981	$5,452,661	$-485,616
2019	$2,550,035	$2,597,136	$5,936,261	$-47,101
2018	$2,766,655	$2,430,075	$5,905,936	$336,580

FLORIDA THOROUGHBRED BREEDERS ASSOC INC