KENTUCKY THOROUGHBRED OWNERS & BREEDERS INC (EIN 610590716) - 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

1961

Legal Domicile

Principal Officer

CHAUNCEY MORRIS

Phone

8593811414

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY THOROUGHBRED OWNERS & BREEDERS INC, founded in 1961, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 6% surplus.

Mission

TO ADVERTISE, FOSTER AND PROMOTE THE THOROUGHBRED HORSE INDUSTRY IN THE COMMONWEALTH OF KENTUCKY

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,136,645

Investment Income $119,704

Other Revenue $19,504

TOTAL REVENUE $1,275,853

Expense Breakdown

Grants Paid $107,886

Salaries & Benefits $375,655

Fundraising Expenses $0

Other Expenses $717,104

TOTAL EXPENSES $1,200,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,275,853	$1,200,075	+0.1%
Expenses	$1,200,645	$1,307,983	-0.1%
Net Income	$75,208	$-107,908	-1.7%

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

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

$298,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BAKER	PRESIDENT	1.00	Director	$0	$0	$0
WALKER HANCOCK	VICE PRESIDENT	1.00	Director	$0	$0	$0
BILL DAUGHERTY	SECRETARY	1.00	Director	$0	$0	$0
DERMOT RYAN	TREASURER	1.00	Director	$0	$0	$0
J STEPHEN HORN	ASSISTANT TREASURER	1.00	Director	$0	$0	$0
JAMES E BAKER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BANAHAN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BANDOROFF	DIRECTOR	1.00	Director	$0	$0	$0
PRICE BELL	DIRECTOR	1.00	Director	$0	$0	$0
STUART E BROWN II DVM	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DRURY JR	DIRECTOR	1.00	Director	$0	$0	$0
FERGUS GALVIN	DIRECTOR	1.00	Director	$0	$0	$0
ANNE ARCHER HINKLE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL J MCGEE	DIRECTOR	1.00	Director	$0	$0	$0
NEIL PESSIN	DIRECTOR	1.00	Director	$0	$0	$0
KIM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
T WAYNE SWEEZEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY D THORNBURY	DIRECTOR	1.00	Director	$0	$0	$0
NED TOFFEY	DIRECTOR	1.00	Director	$0	$0	$0
CLIFFORD BARRY	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
JAMES BELL	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
DARRELL BROWN	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
WADDELL W HANCOCK II	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
NEIL HOWARD	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
WILLIAM LS LANDERS III	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
GARRETT O'ROURKE	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
FRANK PENN JR	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
R ALEX RANKIN	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
DON M ROBINSON	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
FREDERICK J SEITZ	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
R ERIC WALDMAN	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
JOSEPH SEITZ	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
BRAXTON LYNCH	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
CHAUNCEY MORRIS	EXECUTIVE DIRECTOR	20.00	Officer	$126,990	$40,614	$298,594

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	No data	No data	No data	No data
2024	$1,275,853	$1,200,645	$2,710,393	$75,208
2023	$1,200,075	$1,307,983	$2,547,501	$-107,908
2022	$1,040,440	$943,915	$2,411,831	$96,525
2021	$1,022,653	$1,014,361	$2,568,861	$8,292
2020	$959,284	$813,292	$2,180,558	$145,992
2019	$947,774	$871,787	$2,078,746	$75,987

KENTUCKY THOROUGHBRED OWNERS & BREEDERS INC