THE THOROUGHBRED CLUB OF AMERICA INC

EIN: 610488425

LEXINGTON, KY

Total Revenue
$3,382,477
Total Expenses
$2,873,020
Total Assets
$4,504,787
Net Assets
$3,195,605
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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
1932
Legal Domicile
KY
Principal Officer
W CHAPMAN HOPKINS
Phone
8592544282
Tax Period
2025-01-01 to 2025-12-31

THE THOROUGHBRED CLUB OF AMERICA INC, founded in 1932, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $509K, a strong 15% operating margin.

Mission

TO PROMOTE, FOSTER AND ENCOURAGE BETTER BUSINESS RELATIONS IN THE THOROUGHBRED 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $17,700
Program Service Revenue $3,326,752
Investment Income $38,025
Other Revenue $0
TOTAL REVENUE $3,382,477

Expense Breakdown

Grants Paid $0
Salaries & Benefits $972,165
Fundraising Expenses $0
Program Expenses $2,203,323
Other Expenses $1,900,855
TOTAL EXPENSES $2,873,020

Year-over-Year Comparison

2025 2024 Change
Revenue $3,382,477 $2,840,501 +0.2%
Expenses $2,873,020 $2,597,934 +0.1%
Net Income $509,457 $242,567 +1.1%
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

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Governance

Voting Members
12
Independent Members
12
Employees
44
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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Gardner General Manager 40.00
$175,769 $0 $175,769
W CHAPMAN HOPKINS President 1.00
Officer Director
$0 $0 $0
JOE MILLER Vice President 1.00
Officer Director
$0 $0 $0
MEG LEVY Director 1.00
Director
$0 $0 $0
ROSEMARY HUNDLEY Director 1.00
Director
$0 $0 $0
LYNN HANCOCK Director 1.00
Director
$0 $0 $0
SUSAN SPECKERT Sergeant-At-Arm 1.00
Officer Director
$0 $0 $0
SUSAN BUNNING Director 1.00
Director
$0 $0 $0
BERNARD SAMS JR Director 1.00
Director
$0 $0 $0
CHARLES H BODEN Past President 1.00
Officer Director
$0 $0 $0
BRYAN SCHNABEL Director 1.00
Director
$0 $0 $0
LESLEY HOWARD Director 1.00
Director
$0 $0 $0
JIMMY LANFORD Secr.-Treas 1.00
Officer 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
2025 $3,382,477 $2,873,020 $4,504,787 $509,457
2024 $2,840,501 $2,597,934 $3,980,495 $242,567
2023 $2,982,735 $2,483,388 $3,724,720 $499,347
2022 $2,157,901 $1,956,887 $3,051,433 $201,014
2021 $1,755,557 $1,646,355 $2,597,887 $109,202
2020 $1,472,260 $1,507,033 $2,321,611 $-34,773
2019 $1,858,130 $1,648,862 $2,404,467 $209,268
2018 $1,828,671 $1,571,521 $2,215,349 $257,150
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