ALABAMA HORSEMEN'S BENEVOLENT & PROTECTIVE ASSOCIATION INC (EIN 631085358) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

NANCY DELONY

Phone

2059697048

Tax Period

2024-01-01 to 2024-12-31

ALABAMA HORSEMEN'S BENEVOLENT & PROTECTIVE ASSOCIATION INC, founded in 1992, is a micro nonprofit that reported $94K in total revenue in fiscal year 2021. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 48% operating margin.

Mission

TO PROMOTE THE COMMON BUSINESS INTERESTS OF THE ASSOCIATION'S MEMBERS AND IMPROVE CONDITIONS WITHIN THE THOROUGHBRED INDUSTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $23,304

Other Revenue $93,750

TOTAL REVENUE $117,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,669

Other Expenses $99,824

TOTAL EXPENSES $124,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,054	$114,425	+0.0%
Expenses	$124,824	$74,937	+0.7%
Net Income	$-7,770	$39,488	-1.2%

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

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

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

Total Directors

$3,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE WARD	BOARD MEMBER	0.00	Director	$0	$0	$0
GARY HOUSE	BOARD MEMBER	0.00	Director	$0	$0	$0
RANDY NUNLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
DENNIS MURPHY	BOARD MEMBER	0.00	Director	$0	$0	$0
KENT GREMMELS	BOARD MEMBER	1.00	Director	$3,200	$0	$3,200
BOBBY PRUITT	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN SHERLING	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVID HARRINGTON	PRESIDENT	1.00	Officer	$0	$0	$0
NANCY DELONY	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
CARL TUTTLE	TREASURER	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
2024	$117,054	$124,824	$560,498	$-7,770
2023	$114,425	$74,937	$568,268	$39,488
2022	$94,145	$79,593	$537,582	$14,552
2021	$93,825	$48,686	$520,146	$45,139

ALABAMA HORSEMEN'S BENEVOLENT & PROTECTIVE ASSOCIATION INC