KENTUCKY HARNESS HORSEMEN'S ASSOCIATION INC (EIN 610854875) - 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

1972

Legal Domicile

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.

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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 $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

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

N/A

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

$31,200

Total Directors

Key Employees

Highest Compensated

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

KENTUCKY HARNESS HORSEMEN'S ASSOCIATION INC