LEXINGTON, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RACING MEDICATION AND TESTING CONSORTIUM, founded in 2003, is a small nonprofit in the Animal-Related sector that reported $461K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $663K exceeded revenue, resulting in a 44% operating deficit.
THE MISSION OF THE CONSORTIUM IS TO ENGAGE IN RESEARCH, EDUCATION, AND ADVOCACY FOR SCIENCE-BASED INITIATIVES THAT PROMOTE THE HEALTH AND SAFETY OF THE RACEHORSE AND THE INTEGRITY OF COMPETITION.
RESEARCH, EDUCATION, AND ADVOCACY TO ENSURE THE INTEGRITY OF THE HORSE RACING SPORT AND THE SAFETY OF ITS PARTICIPANTS.RMTC GOALS:DEVELOP AND RECOMMEND POLICIES AND PROHIBITED PRACTICES, AND...
RESEARCH, EDUCATION, AND ADVOCACY TO ENSURE THE INTEGRITY OF THE HORSE RACING SPORT AND THE SAFETY OF ITS PARTICIPANTS.RMTC GOALS:DEVELOP AND RECOMMEND POLICIES AND PROHIBITED PRACTICES, AND ENFORCEMENT STRATEGIES REGARDING THE USE OF MEDICATIONS AND METHODS IN CONNECTION WITH TRAINING AND RACING HORSES.DEVELOP A DURABLE WORKING RELATIONSHIP WITH STATE AND NATIONAL RACING REGULATORY AUTHORITIES AND STAKEHOLDER ORGANIZATIONS BY BECOMING A RESPECTED SOURCE OF UNBIASED INFORMATION ON MEDICATION, TESTING, AND RESEARCH.STIMULATE, FOSTER, AND SOLICIT RESEARCH PROPOSALS TO IDENTIFY, DETECT, AND DETER THE USE OF NOVEL SUBSTANCES AND METHODS REPRESENTING INTEGRITY THREATS THAT ENHANCE OR DIMINISH OR OTHERWISE HAVE THE POTENTIAL TO ALTER ATHLETIC PERFORMANCE.DEFINE THE ETHICAL AND LEGITIMATE USE OF THERAPEUTIC MEDICATIONS AND/OR METHODS AND FORMULATE REASONABLE GUIDELINES CONSISTENT WITH SAID USE.DEVELOP AND RECOMMEND UNIFORM LABORATORY TECHNICAL STANDARDS, PROCEDURES, AND PERFORMANCE SPECIFICATIONS FOR ANALYTICAL METHODS AND INSTRUMENTATION USED IN THE DETECTION OF CONTROLLED MEDICATIONS AND/OR BANNED SUBSTANCES.MAINTAIN OVERSIGHT ON LABORATORY CAPABILITIES AND PERFORMANCE THROUGH THE LABORATORY ACCREDITATION PROGRAM, AUDITS BY INDEPENDENT EXPERTS, AND EXTERNAL QUALITY ASSURANCE PROGRAM SAMPLE TESTING.IDENTIFY AND PROMOTE SECURITY, SURVEILLANCE, AND INTELLIGENCE GATHERING PRACTICES AND TECHNIQUES TO SUPPORT ENFORCEMENT OF MEDICATION CONTROLS AND ANTI-DOPING REGULATIONS.ENGAGE WITH STATE AND FEDERAL REGULATORY AGENCIES TO PREVENT THE SYNTHESIS AND MANUFACTURE, IMPORTATION, PURCHASE AND/OR SALE OF ILLEGAL OR PROHIBITED SUBSTANCES INTENDED FOR USE IN HORSES ENGAGED IN RACING OR TRAINING.DEVELOP AND IMPLEMENT EDUCATIONAL PROGRAMS FOR INDUSTRY STAKEHOLDER ORGANIZATIONS RESPONSIBLE FOR MAINTAINING THE INTEGRITY OF THE SPORT AND THE HEALTH OF ITS PARTICIPANTS.ENGAGE AND COLLABORATE WITH OTHER ORGANIZATIONS REGULATING HORSERACING, OTHER EQUINE SPORTING DISCIPLINES, AND OTHER HUMAN AND ANIMAL SPORT, BOTH DOMESTIC AND INTERNATIONAL, TO ACCOMPLISH OUR MISSION. DISSEMINATE ACCURATE AND TIMELY INFORMATION TO STAKEHOLDER ORGANIZATIONS AND THE RACING PRESS VIA MULTIPLE COMMUNICATION CHANNELS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $461,111 | $718,573 | -0.4% |
| Expenses | $662,997 | $591,672 | +0.1% |
| Net Income | $-201,886 | $126,901 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALEX WALDROP | CHAIR/PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALAN FOREMAN | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HANK ZEITLIN | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR RICK ARTHUR | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR JEFF BLEA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JANET VANBEBBER | DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR JAMES MEYER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ED MARTIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR LYNN HOVDA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DORA DELGADO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALAN BALCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR WILLIAM FARMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM ROBBINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN CAMPBELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRENCE MEYOCKS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR STUART BROWN II | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHAUNCEY MORRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC HAMELBACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEITH CHAMBLIN | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID O'ROURKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MATT IULIANO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR DIONNE BENSON | DIRECTOR | 1.00 |
Director
|
$13,727 | $0 | $13,727 |
| ANDY SCHWEIGARDT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL NADER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR CLAYTON MCCOOK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR MARY SCOLLAY | EXECUTIVE DIRECTOR FORMER | 0.00 |
Officer
|
$32,219 | $0 | $32,219 |
| MICHAEL D HARDY | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$160,000 | $476 | $160,476 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $461,111 | $662,997 | $879,800 | $-201,886 |
| 2022 | $718,573 | $591,672 | $1,081,317 | $126,901 |
| 2021 | $765,426 | $566,573 | $1,022,414 | $198,853 |
| 2020 | $767,991 | $701,882 | $781,505 | $66,109 |
| 2019 | $597,544 | $620,885 | $690,421 | $-23,341 |
| 2018 | $643,369 | $572,627 | $687,588 | $70,742 |
Compare RACING MEDICATION AND TESTING CONSORTIUM with other nonprofits in Kentucky and across the country.