FLORIDA STANDARDBRED BREEDERS AND … - Form 990 Financial Data

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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

1966

Legal Domicile

Phone

9549725400

Tax Period

2024-08-01 to 2025-07-31

FLORIDA STANDARDBRED BREEDERS AND OWNERS ASSOC INC, founded in 1966, is a micro nonprofit that reported $91K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $386K exceeded revenue, resulting in a 323% operating deficit.

Mission

TO PROMOTE FLORIDA STANDBRED BREEDING AND RACING

Program Service Accomplishments

Program 1

Expenses: $356,252 Revenue: $91,072

PROMOTES THE STANDARDBRED HORSE RACING & BREEDING INDUSTRY OF FLORIDA, MAINTAINS A REGISTRY OF HORSES; REPRESETNS THE HORSE OWNER WITH RACE TRACKS; AND COLLECTS AND REMITS INSURANCE PREMIUMS.

Program 2

Expenses: $365

PROMOTES AND ADMINSTERS FLORIDA RACING STAKES PROGRAMS AND HORSE REGISTRIES.

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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 $0

Program Service Revenue $91,072

Investment Income $25

Other Revenue $0

TOTAL REVENUE $91,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,544

Fundraising Expenses $0

Program Expenses $356,617

Other Expenses $365,204

TOTAL EXPENSES $385,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,097	$233,850	-0.6%
Expenses	$385,748	$573,116	-0.3%
Net Income	$-294,651	$-339,266	-0.1%

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	Role	Reportable Comp	Other Comp	Total
ANTHONY AMANTE	DIRECTOR	Officer	$0	$0	$0
CHRISTINE AMANTE	1ST VICE PRESIDENT	Officer	$0	$0	$0
GEORGE BIRKHOLD	DIRECTOR	Officer	$0	$0	$0
PETER BLOOD	DIRECTOR	Officer	$0	$0	$0
MICHELLE CLARKE	DIRECTOR	Officer	$0	$0	$0
JAKE HUFF	DIRECTOR	Officer	$0	$0	$0
MICKEY MCNICHOL	DIRECTOR	Officer	$0	$0	$0
STEVE OLDFOLRD	SECRETARYTREASURER	Officer	$0	$0	$0
JOSEPH PENNACCHIO	2ND VICE PRESIDENT	Officer	$0	$0	$0
LAURIE POULIN	DIRECTOR	Officer	$0	$0	$0
KIM SEARS	DIRECTOR	Officer	$0	$0	$0
DEIN SPRIGGS	PRESIDENT	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	$91,097	$385,748	$160,810	$-294,651
2024	$233,850	$573,116	$455,577	$-339,266
2023	$588,623	$751,344	$794,863	$-162,721
2022	$1,047,077	$987,083	$1,263,362	$59,994
2021	$1,226,400	$1,176,773	$897,406	$49,627
2020	$1,185,493	$1,274,824	$847,836	$-89,331

FLORIDA STANDARDBRED BREEDERS AND OWNERS ASSOC INC