KENTUCKY HORSEMEN'S BENEVOLENT AND PROTECTIVE FOUNDATION INC (EIN 611229725) - 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

1992

Legal Domicile

Principal Officer

JOHN GRIFFITH

Phone

5023631077

Tax Period

2022-01-01 to 2022-12-31

KENTUCKY HORSEMEN'S BENEVOLENT AND PROTECTIVE FOUNDATION INC, founded in 1992, is a micro nonprofit that reported $1K in total revenue in fiscal year 2022. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 674% operating deficit.

Mission

PROMOTE SOCIAL WELFARE OF THE PEOPLE OF THE KENTUCKY 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 (2022)

Revenue Breakdown

Contributions & Grants $75

Program Service Revenue $0

Investment Income $0

Other Revenue $987

TOTAL REVENUE $1,062

Expense Breakdown

Grants Paid $8,221

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,221

Other Expenses $0

TOTAL EXPENSES $8,221

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,062	$26,075	-1.0%
Expenses	$8,221	$15,112	-0.5%
Net Income	$-7,159	$10,963	-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

N/A

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

$280,802

Total Directors

$47,252

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK HILES	PRESIDENT	2.00	Officer Director	$0	$0	$47,252
DALE ROMANS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL J BRUDER	DIRECTOR	2.00	Director	$0	$0	$0
TRAVIS FOLEY	DIRECTOR	2.00	Director	$0	$0	$0
MARK C BACON	DIRECTOR	2.00	Director	$0	$0	$0
FRANK JONES JR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM BUFF BRADLEY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HANCOCK	DIRECTOR	2.00	Director	$0	$0	$0
NORMAN CASSE	DIRECTOR	2.00	Director	$0	$0	$0
BENTLEY COMBS	DIRECTOR	2.00	Director	$0	$0	$0
JASON BARKLEY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN D GRIFFITH	TREASURER	0.00	Officer	$0	$0	$31,055
MARTIN A MALINE	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$202,495

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
2022	$1,062	$8,221	$7,728	$-7,159
2021	$26,075	$15,112	$14,887	$10,963
2020	$66,523	$73,008	$36,268	$-6,485
2019	$79,346	$82,802	$47,521	$-3,456
2018	$105,238	$104,414	$47,310	$824

KENTUCKY HORSEMEN'S BENEVOLENT AND PROTECTIVE FOUNDATION INC