TAMPA BAY DOWNS HBPA INC (EIN 593229458) - 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

1994

Legal Domicile

Principal Officer

MIKE DINI

Phone

8139250192

Tax Period

2024-01-01 to 2024-12-31

TAMPA BAY DOWNS HBPA INC, founded in 1994, is a small nonprofit that reported $380K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $88K, a strong 23% operating margin.

Mission

THIS ORGANIZATION ASSISTS APPROXIMATELY 1500 HORSEMEN AND THEIR FAMILIES WITH MEDICAL, DENTAL, VISION, SPIRITUAL AND OTHER NEEDS.

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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 $360,050

Program Service Revenue $0

Investment Income $19,723

Other Revenue $0

TOTAL REVENUE $379,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,873

Fundraising Expenses $0

Program Expenses $291,954

Other Expenses $87,372

TOTAL EXPENSES $291,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$379,773	$335,741	+0.1%
Expenses	$291,954	$195,456	+0.5%
Net Income	$87,819	$140,285	-0.4%

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

$52,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL E MURRAY	EXECUTIVE DI	40.00	Officer	$40,000	$0	$40,000
MIKE DINI	PRESIDENT	N/A	Officer	$12,000	$0	$12,000
JOE DIBELLO	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
KATHY GUCIARDO	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
MARK HOFFMAN	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
MICHAEL LAURATO	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
JAN MEEHAN	VICE PRESIDE	N/A	Director	$0	$0	$0
KEITH NATIONS	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
DAVID POSEY	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
RON PUGLIESE	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
ALDANA SPIETH	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
DENNIS WARD	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
PETER WASILUK	TRUSTEE/DIRE	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
2024	$379,773	$291,954	$659,934	$87,819
2023	$335,741	$195,456	$573,708	$140,285
2022	$336,276	$174,887	$432,758	$161,389
2021	$296,601	$174,419	$269,729	$122,182
2020	$295,730	$243,930	$147,491	$51,800
2018	$276,306	$258,927	$79,266	$17,379

TAMPA BAY DOWNS HBPA INC