KENTUCKY COLT RACING ASSOCIATION INC (EIN 611233565) - 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

1993

Legal Domicile

Phone

8596199384

Tax Period

2018-10-01 to 2019-09-30

KENTUCKY COLT RACING ASSOCIATION INC, founded in 1993, is a small nonprofit that reported $653K in total revenue in fiscal year 2018. Expenses of $590K left a modest 10% surplus.

Mission

THE KENTUCKY COLT ASSOCIATION WAS ESTABLISHED TO PROMOTE THE RACING OF TWO AND THREE YEAR OLD PACERS AND TROTTERS AT LOCAL COUNTY FAIRS AND TO PROMOTE PUBLIC INTEREST IN THE SPORT OF STANDARDBRED RACING.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $653,325

Investment Income $0

Other Revenue $0

TOTAL REVENUE $653,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $589,590

TOTAL EXPENSES $589,590

Year-over-Year Comparison

	2018	2017	Change
Revenue	$653,325	N/A	N/A
Expenses	$589,590	N/A	N/A
Net Income	$63,735	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY JERRELL	President	5.00	Director	$0	$0	$0
JANET NAPIER	Treasurer	10.00	Director	$0	$0	$0
JACK GRAY	Director	5.00	Director	$0	$0	$0
JACK MORIS	Director	5.00	Director	$0	$0	$0
FLORENCE LANIER	Director	5.00	Director	$0	$0	$0
GABE PREWITT	Director	5.00	Director	$0	$0	$0
TOM BROWN	Director	5.00	Director	$0	$0	$0
MIKE MOSS	Director	5.00	Director	$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
2019	$653,325	$589,590	No data	$63,735
2018	$481,349	$508,385	$1,324	$-27,036

KENTUCKY COLT RACING ASSOCIATION INC