KENTUCKY THOROUGHBRED FARM MANAGERS' CLUB INC

EIN: 611076634

LEXINGTON, KY

Total Revenue
$218,836
Total Expenses
$199,167
Total Assets
$24,401
Net Assets
$23,161
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
KY
Principal Officer
JOHN RASMUSSEN
Phone
8599487321
Tax Period
2025-01-01 to 2025-12-31

KENTUCKY THOROUGHBRED FARM MANAGERS' CLUB INC, founded in 1948, is a small nonprofit that reported $219K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $199K left a modest 9% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO FOSTER COOPERATION AND UNDERSTANDING AMONG MEMBERS; TO PROVIDE A FORUM FOR THE DISCUSSION OF TOPICS CRITICAL TO OUR PROFESSION, WHICH WILL ENHANCE AND PROTECT OUR PROFESSIONAL INTEREST; TO PROMOTE FELLOWSHIP AMONG MEMBERS; TO BE GOOD STEWARDS OF THE LAND AND THOROUGHBRED INDUSTRY; AND TO BE GOOD CITIZENS OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $83,443

THE CLUB HOLDS TEN MEETINGS EACH YEAR FOR THE FARM MANAGERS TO GET TOGETHER FOR DINNER AND A SPEAKER ON TOPICS OF MUTUAL INTEREST TO PROMOTE PROFESSIONALISM

Program 2
Expenses: $20,788

THE CLUB PUBLISHES A MEMBER AND FARM DIRECTORY OF HORSE FARMS IN THE LEXINGTON AND CENTRAL KENTUCKY AREA. THERE ARE APPROXIMATELY 1,400 COPIES DISTRIBUTED TO INTERESTED PARTIES

Program 3
Expenses: $70,379

THE CLUB HOLDS ANNUAL GOLF AND SPORTING CLAY TOURNAMENTS ORGANIZED BY VOLUNTEERS TO RAISE MONEY FOR LOCAL CHARITIES AND SCHOLARSHIPS. DURING 2025, $70,379 WAS GIVEN TO CHARITIES

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $45,350
Program Service Revenue $107,306
Investment Income $87
Other Revenue $66,093
TOTAL REVENUE $218,836

Expense Breakdown

Grants Paid $70,379
Salaries & Benefits $34,368
Fundraising Expenses $0
Program Expenses $174,610
Other Expenses $94,420
TOTAL EXPENSES $199,167

Year-over-Year Comparison

2025 2024 Change
Revenue $218,836 $231,759 -0.1%
Expenses $199,167 $238,238 -0.2%
Net Income $19,669 $-6,479 -4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUAN AGUILAR DIRECTOR 0.00
Director
$0 $0 $0
LAKOTA GIBSON DIRECTOR 0.00
Director
$0 $0 $0
DANNY MULVIHILL DIRECTOR 0.00
Director
$0 $0 $0
CHELSEY STONE-STEWART DIRECTOR 0.00
Director
$0 $0 $0
NED TOFFEY DIRECTOR 0.00
Director
$0 $0 $0
BLAISE BENJAMIN DIRECTOR 0.00
Director
$0 $0 $0
ANDREA CALLANAN DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL HARDY DIRECTOR 0.00
Director
$0 $0 $0
CHASE MULLINS DIRECTOR 0.00
Director
$0 $0 $0
MAXINE PINA DIRECTOR 0.00
Director
$0 $0 $0
JOHN RASMUSSEN PRESIDENT 0.00
Officer
$0 $0 $0
PETER SHEENAN VICE-PRESIDENT 0.00
Officer
$0 $0 $0
BG HUGHES SERGEANT AT ARMS 0.00
Officer
$0 $0 $0
EMILY CSENAR SECRETARY 0.00
Officer
$0 $0 $0
MATT LYONS TREASURER 0.00
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
2025 $218,836 $199,167 $24,401 $19,669
2024 $231,759 $238,238 $4,554 $-6,479
2023 $232,577 $237,798 $16,259 $-5,221
2022 $212,737 $214,784 $16,311 $-2,047
2021 $196,956 $204,499 $18,179 $-7,543
2020 $199,592 $165,316 $25,951 $34,276
2019 $227,175 $213,339 $2,224 $13,836
2018 $172,222 $156,580 $973 $15,642
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