LOUISIANA THOROUGHBRED BREEDERS ASSOCIATION (EIN 720676064) - 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

1961

Legal Domicile

Principal Officer

KEITH HERNANDEZ

Phone

5049474676

Tax Period

2024-01-01 to 2024-12-31

LOUISIANA THOROUGHBRED BREEDERS ASSOCIATION, founded in 1961, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE ASSOCIATION SEEKS TO PROMOTE AND FURTHER THE THOROUGHBRED BREEDING INDUSTRY (CONT'D ON SCH O.) IN LOUISIANA. THE ASSOCIATION IS ENGAGED IN PROGRAMS FOR THE ENCOURAGEMENT AND IMPROVEMENT OF THE BREEDING OF THOROUGHBRED HORSES IN THE STATE OF LOUISIANA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $124,418

Program Service Revenue $10,734,448

Investment Income $73,483

Other Revenue $32,352

TOTAL REVENUE $10,964,701

Expense Breakdown

Grants Paid $27,950

Salaries & Benefits $570,515

Fundraising Expenses $0

Other Expenses $11,358,428

TOTAL EXPENSES $11,956,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,964,701	$9,383,782	+0.2%
Expenses	$11,956,893	$9,643,800	+0.2%
Net Income	$-992,192	$-260,018	+2.8%

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

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

$242,467

Total Directors

$3,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE LA VOICE	SECOND VICE PRESIDENT	10.00	Officer Director	$300	$0	$300
JAY ADCOCK	DIRECTOR	10.00	Director	$300	$0	$300
CHARLOTTE CLAVIER	DIRECTOR	3.00	Director	$300	$0	$300
VAL MURRELL	DIRECTOR	6.00	Director	$300	$0	$300
THOMAS EARLY	DIRECTOR	10.00	Director	$300	$0	$300
MICHELE RODRIGUEZ	DIRECTOR	6.00	Director	$300	$0	$300
BRETT BRINKMAN	FIRST VICE PRESIDENT	10.00	Officer Director	$300	$0	$300
WARREN J HARANG III	PRESIDENT	2.00	Officer Director	$300	$0	$300
JAKE DELHOMME	DIRECTOR	4.00	Director	$300	$0	$300
KEITH HERNANDEZ	PRESIDENT	10.00	Officer Director	$300	$0	$300
LEE THOMAS	DIRECTOR	4.00	Director	$300	$0	$300
JIM MONTGOMERY	DIRECTOR	4.00	Director	$300	$0	$300
ROGER HEITZMANN III	EXECUTIVE DIRECTOR	50.00	Officer	$130,491	$0	$130,491
THERESE ARROYO	COMPTROLLER	50.00	Officer	$110,776	$0	$110,776

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	$10,964,701	$11,956,893	$4,628,084	$-992,192
2023	$9,383,782	$9,643,800	$5,615,065	$-260,018
2022	$9,473,881	$9,828,698	$5,837,212	$-354,817
2021	$9,749,646	$9,704,046	$6,203,168	$45,600
2020	$7,794,935	$8,029,200	$6,153,465	$-234,265
2019	$10,409,195	$9,737,835	$6,390,791	$671,360
2018	$11,169,362	$9,768,367	$5,709,705	$1,400,995

LOUISIANA THOROUGHBRED BREEDERS ASSOCIATION