LOUISIANA HORSEMENS BENEVOLENT AND PROTECTIVE ASSOCIATION 1993 INC (EIN 721126371) - 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

Principal Officer

EDWIN FENASCI

Phone

5049451555

Tax Period

2024-01-01 to 2024-12-31

LOUISIANA HORSEMENS BENEVOLENT AND PROTECTIVE ASSOCIATION 1993 INC, founded in 1993, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE BENEVOLENCE, NEGOTIATION FOR FAIR DISTRIBUTIONS AND MEDIATION ON BEHALF OF MEMBER HORSEMEN WHEN PROBLEMS ARISE AT RACETRACKS.

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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 $0

Program Service Revenue $2,461,006

Investment Income $754,881

Other Revenue $13,289

TOTAL REVENUE $3,229,176

Expense Breakdown

Grants Paid $4,283

Salaries & Benefits $1,962,829

Fundraising Expenses $0

Other Expenses $1,274,049

TOTAL EXPENSES $3,241,161

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,229,176	$2,985,926	+0.1%
Expenses	$3,241,161	$2,955,978	+0.1%
Net Income	$-11,985	$29,948	-1.4%

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

$173,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE STEMMANS CLAVIER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
CAROL CASTILLE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN DELAHOUSSAYE	DIRECTOR	1.00	Director	$0	$0	$0
BRET CALHOUN	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE WARD	DIRECTOR	1.00	Director	$0	$0	$0
GLENN DELAHOUSSAYE	DIRECTOR	1.00	Director	$0	$0	$0
LEE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
BENARD CHATTERS	PRESIDENT/ BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
EDWIN J FENASCI	EXECUTIVE DIRECTOR	12.40	Officer	$160,194	$12,910	$173,104

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	$3,229,176	$3,241,161	$6,081,660	$-11,985
2023	$2,985,926	$2,955,978	$4,830,215	$29,948
2022	$2,819,654	$2,815,348	$3,667,540	$4,306
2021	$3,435,163	$2,866,110	$3,817,270	$569,053
2020	$2,710,376	$2,658,358	$4,143,431	$52,018
2019	$3,322,028	$2,837,586	$3,880,592	$484,442
2018	$3,100,962	$2,648,238	$2,853,022	$452,724

LOUISIANA HORSEMENS BENEVOLENT AND PROTECTIVE ASSOCIATION 1993 INC