KENTUCKY THOROUGHBRED FARM MANAGERS' CLUB INC

EIN: 611076634

LEXINGTON, KY

Total Revenue
$231,759
Total Expenses
$238,238
Total Assets
$4,554
Net Assets
$3,487
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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
CHARLES HYNES
Phone
8599487321
Tax Period
2024-01-01 to 2024-12-31

KENTUCKY THOROUGHBRED FARM MANAGERS' CLUB INC, founded in 1948, is a small nonprofit that reported $232K in total revenue in fiscal year 2024.

Mission

THE CLUB'S PRIMARY PURPOSE IS TO PROVIDE A FORUM FOR LOCAL FARM MANAGERS OF THOROUGHBRED HORSE FARMS TO MEET AND DISCUSS INDUSTRY ISSUES. THE CLUB HOLDS TEN MEETINGS A YEAR WITH SPEAKERS ON VARIOUS INDUSTRY ISSUES. IT ALSO RAISES MONEY FOR LOCAL CHARITIES THROUGH A GOLF TOURNAMENT FOR ITS MEMBERS. THE CLUB GAVE $101,000 TO LOCAL CHARITIES. THE CLUB ALSO PUBLISHES A DIRECTORY AND FILES A 990-T

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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 $55,440
Program Service Revenue $111,605
Investment Income $165
Other Revenue $64,549
TOTAL REVENUE $231,759

Expense Breakdown

Grants Paid $125,750
Salaries & Benefits $31,108
Fundraising Expenses $0
Program Expenses $216,341
Other Expenses $81,380
TOTAL EXPENSES $238,238

Year-over-Year Comparison

2024 2023 Change
Revenue $231,759 $232,577 0.0%
Expenses $238,238 $237,798 +0.0%
Net Income $-6,479 $-5,221 +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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Governance

Voting Members
16
Independent Members
16
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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NED TOFFEY DIRECTOR 0.00
Director
$0 $0 $0
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
ANN HAYES DIRECTOR 0.00
Director
$0 $0 $0
BEN HENLEY DIRECTOR 0.00
Director
$0 $0 $0
JENN LAIDLAW DIRECTOR 0.00
Director
$0 $0 $0
JOSH KERIN DIRECTOR 0.00
Director
$0 $0 $0
MATT LYONS DIRECTOR 0.00
Director
$0 $0 $0
ROMAIN MALHOUITRE DIRECTOR 0.00
Director
$0 $0 $0
CHELSEY STONE DIRECTOR 0.00
Director
$0 $0 $0
CHARLES HYNES PRESIDENT 0.00
Officer
$0 $0 $0
JOHN RASMUSSEN VICE-PRESIDENT 0.00
Officer
$0 $0 $0
PETER SHEENAN SECRETARY 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
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 $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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