THE VOLUNTEER STATE HORSEMEN'S FOUNDATION (EIN 621324410) - 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

1987

Legal Domicile

Principal Officer

DWIGHT HALL

Phone

6155912991

Tax Period

2025-01-01 to 2025-12-31

THE VOLUNTEER STATE HORSEMEN'S FOUNDATION, founded in 1987, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE FOUNDATION MANAGES AND PRODUCES THE ANNUAL STEEPLECHASE EVENT BENEFITING THE MONROE CARELL JR. CHILDREN'S HOSPITAL AT VANDERBILT AND PROMOTES THE SPORT AND THE SPIRIT OF AMATEURISM THROUGHOUT THE COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $886,328

Program Service Revenue $2,475,117

Investment Income $34,307

Other Revenue $14,240

TOTAL REVENUE $3,409,992

Expense Breakdown

Grants Paid $23,500

Salaries & Benefits $320,589

Fundraising Expenses $0

Program Expenses $2,601,592

Other Expenses $2,998,992

TOTAL EXPENSES $3,343,081

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,409,992	$3,077,880	+0.1%
Expenses	$3,343,081	$2,878,064	+0.2%
Net Income	$66,911	$199,816	-0.7%

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

350

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
MARY WADE	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM HAGGARD	TRUSTEE	1.00	Director	$0	$0	$0
DWIGHT HALL	CHAIRMAN-RACE CMTE.	1.00	Officer	$0	$0	$0
STEPHEN K HEARD	SECRETARY-RACE CMTE.	1.00	Officer	$0	$0	$0
MARIANNE BYRD	PRESIDENT-RACE CMTE.	1.00	Officer	$0	$0	$0
TOM MAGLI	TREASURER-RACE CMTE.	1.00	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	$3,409,992	$3,343,081	$1,948,434	$66,911
2024	$3,077,880	$2,878,064	$1,883,338	$199,816
2023	$3,558,269	$3,139,316	$1,683,522	$418,953
2022	$2,728,403	$2,605,092	$1,392,875	$123,311
2021	$1,996,277	$2,091,612	$1,141,258	$-95,335
2020	$1,438,348	$902,681	$1,236,593	$535,667
2019	$2,542,923	$2,644,232	$700,926	$-101,309
2018	$2,798,741	$2,756,752	$802,235	$41,989

THE VOLUNTEER STATE HORSEMEN'S FOUNDATION