KENTUCKY HARNESS HORSEMEN'S ASSOCIATION INC

EIN: 610854875

LEXINGTON, KY

Total Revenue
$345,120
Total Expenses
$274,049
Total Assets
$456,462
Net Assets
$456,462
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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
1972
Legal Domicile
KY
Principal Officer
AMANDA STEPHENS
Phone
8596062532
Tax Period
2024-01-01 to 2024-12-31

KENTUCKY HARNESS HORSEMEN'S ASSOCIATION INC, founded in 1972, is a small nonprofit that reported $345K in total revenue in fiscal year 2024. The organization ran a surplus of $71K, a strong 21% operating margin.

Mission

PROVIDE THIRD PARTY LIABILITY INSURANCE FOR HARNESS HORSEMEN, REPRESENT HARNESS HORSEMEN AT TRACKS AND PROMOTE THE HARNESS HORSE RACING INDUSTRY.

Program Service Accomplishments

Program 1

HOSPITALIZATION INSURANCE FOR MEMBERS AND SULKY ACCIDENT DAMAGE INSURANCE FOR MEMBERS.

Program 2

BANQUETS AND PICNICS WERE PROVIDED FOR THE MEMBERS AT VARIOUS TIMES DURING THE YEAR.

Program 3

HELP COVER EXPENSES OF CONDUCTING LIVE HARNESS RACE MEETS FOR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $344,793
Investment Income $327
Other Revenue $0
TOTAL REVENUE $345,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,833
Fundraising Expenses $0
Other Expenses $83,706
TOTAL EXPENSES $274,049

Year-over-Year Comparison

2024 2023 Change
Revenue $345,120 $330,923 +0.0%
Expenses $274,049 $238,870 +0.1%
Net Income $71,071 $92,053 -0.2%
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

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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
13
Independent Members
N/A
Employees
1
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
10
$31,200
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA STEPHENS EXECUTIVE SE 40.00
Officer
$31,200 $0 $31,200
RANDY DONAHUE TREASURER N/A
Officer Director
$0 $0 $0
LEE EFERSTEIN ASSISTANT SE N/A
Officer Director
$0 $0 $0
HARLEY EMERSON DIRECTOR N/A
Director
$0 $0 $0
WALTER FISTER 2ND VICE PRE N/A
Officer Director
$0 $0 $0
CHUCK GRUBBS DIRECTOR N/A
Director
$0 $0 $0
JAMES STILTNER III DIRECTOR N/A
Director
$0 $0 $0
RANDY JERRELL VICE PRESIDE N/A
Officer Director
$0 $0 $0
JACK GRAY JR 3RD VICE PRE N/A
Officer Director
$0 $0 $0
WAYNE OKE DIRECTOR N/A
Director
$0 $0 $0
DR JAMES SAUTTER PARLIAMENTAR N/A
Officer Director
$0 $0 $0
TYLER SHEHAN SECRETARY N/A
Officer Director
$0 $0 $0
STEVE STANLEY ASSISTANT TR N/A
Officer Director
$0 $0 $0
BOB STEWART DIRECTOR N/A
Director
$0 $0 $0
JAMES AVRITT JR PRESIDENT N/A
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
2024 $345,120 $274,049 $456,462 $71,071
2023 $330,923 $238,870 $384,864 $92,053
2022 $217,413 $243,637 $292,811 $-26,224
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