FLORIDA THOROUGHBRED CHARITIES 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

1991

Legal Domicile

Principal Officer

LONNY POWELL

Phone

3526292160

Tax Period

2018-01-01 to 2018-12-31

FLORIDA THOROUGHBRED CHARITIES INC, founded in 1991, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $69K in total revenue in fiscal year 2018. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $185K exceeded revenue, resulting in a 168% operating deficit.

Mission

TO SUPPORT AN EQUINE NON PROFIT CHARITABLE ORGANIZATION AND SUPPORT INDIVIDUALS IN THE EQUINE INDUSTRY THROUGH SCHOLARSHIPS TO EDUCATIONAL INSTITUTIONS.

Program Service Accomplishments

Program 1

Expenses: $160,000

CONTRIBUTIONS WERE MADE TO AN EQUINE NONPROFIT ORGANIZATION

Program 2

Expenses: $17,675

CONTRIBUTIONS WERE MADE TO EDUCATIONAL INSTITUTIONS ON BEHALF OF INDIVIDUALS IN THE EQUINE INDUSTRY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $103,076

Program Service Revenue $0

Investment Income $-26,076

Other Revenue $-7,877

TOTAL REVENUE $69,123

Expense Breakdown

Grants Paid $177,675

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,675

Other Expenses $7,486

TOTAL EXPENSES $185,161

Year-over-Year Comparison

	2018	2017	Change
Revenue	$69,123	$97,690	-0.3%
Expenses	$185,161	$137,850	+0.3%
Net Income	$-116,038	$-40,160	+1.9%

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

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

$317,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE RUSSELL	TREASURER	0.50	Officer Director	$0	$0	$0
GREG WHEELER	2ND VICE CHA	0.50	Officer Director	$0	$0	$0
PHIL MATTHEWS	1ST VICE CHA	0.50	Officer Director	$0	$0	$0
BRENT FERNUNG	CHAIRMAN	0.50	Officer Director	$0	$0	$0
GEORGE ISAACS	SECRETARY	0.50	Officer Director	$0	$0	$0
LONNY POWELL	EXECUTIVE DI	0.50	Officer	$0	$37,338	$317,300

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
2018	$69,123	$185,161	$270,424	$-116,038