THOROUGHBRED OWNERS & BREEDERS ASSOCIATION INC (EIN 610663972) - 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

1964

Legal Domicile

Principal Officer

DANIEL J METZGER

Phone

8592762291

Tax Period

2023-01-01 to 2023-12-31

THOROUGHBRED OWNERS & BREEDERS ASSOCIATION INC, founded in 1964, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $207K, a strong 19% operating margin.

Mission

TO ADVERTISE, PROMOTE, AND FOSTER 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,750

Program Service Revenue $866,603

Investment Income $202,856

Other Revenue $30,698

TOTAL REVENUE $1,112,907

Expense Breakdown

Grants Paid $2,540

Salaries & Benefits $527,014

Fundraising Expenses $0

Other Expenses $376,112

TOTAL EXPENSES $905,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,112,907	$992,875	+0.1%
Expenses	$905,666	$915,591	0.0%
Net Income	$207,241	$77,284	+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

$300,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANT M LAUE	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID O'FARRELL	VICE CHAIRMAN	1.00	Director	$0	$0	$0
DOUG CAUTHEN	SECRETARY	1.00	Director	$0	$0	$0
GARRETT O'ROURKE	TREASURER	1.00	Director	$0	$0	$0
GREG BENSEL	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON BISHOP ARVIN	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY BLOOM	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DEVLIN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT EDWARDS JR	TRUSTEE	1.00	Director	$0	$0	$0
MARETTE FARRELL	TRUSTEE	1.00	Director	$0	$0	$0
TERRENCE P FINLEY	TRUSTEE	1.00	Director	$0	$0	$0
MARSHALL GRAMM	TRUSTEE	1.00	Director	$0	$0	$0
TANYA GUNTHER	TRUSTEE	1.00	Director	$0	$0	$0
WALKER HANCOCK	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE HRONIS	TRUSTEE	1.00	Director	$0	$0	$0
JASON LOUTSCH	TRUSTEE	1.00	Director	$0	$0	$0
BERNARD MCCORMACK	TRUSTEE	1.00	Director	$0	$0	$0
CHARLIE O'CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN SCRENCI	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA BANKE	TRUSTEE	1.00	Director	$0	$0	$0
CARRIE BROGDEN	TRUSTEE	1.00	Director	$0	$0	$0
TIM COHEN	TRUSTEE	1.00	Director	$0	$0	$0
BILLY KOCH	TRUSTEE	1.00	Director	$0	$0	$0
BRAXTON LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
FRANCIS VANLANGENDONCK	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL J METZGER	PRESIDENT	40.00	Officer	$271,844	$29,129	$300,973
ANDREW SCHWEIGARDT	SENIOR DIR. OF INDUSTRY RELATIONS	40.00	Highest	$114,624	$20,246	$134,870

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	No data	No data	No data	No data
2023	$1,112,907	$905,666	$3,882,978	$207,241
2022	$992,875	$915,591	$3,371,151	$77,284
2021	$1,423,625	$1,169,377	$3,840,044	$254,248
2020	$755,115	$739,481	$3,118,910	$15,634
2019	$947,036	$997,623	$3,022,712	$-50,587
2018	$955,571	$1,058,724	$2,775,800	$-103,153

THOROUGHBRED OWNERS & BREEDERS ASSOCIATION INC