RACING MEDICATION AND TESTING CONSORTIUM (EIN 721559413) - 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

2003

Legal Domicile

Principal Officer

ALEX WALDROP

Phone

8597594081

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE CONSORTIUM FUNDS RESEARCH, DEVELOPS AND PROMOTES POLICY RECOMMENDATIONS, AND EDUCATES STAKEHOLDERS IN SUPPORT OF HORSE RACING SAFETY AND INTEGRITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $254,322

Program Service Revenue $188,963

Investment Income $14,944

Other Revenue $2,882

TOTAL REVENUE $461,111

Expense Breakdown

Grants Paid $72,019

Salaries & Benefits $325,263

Fundraising Expenses $0

Program Expenses $484,377

Other Expenses $265,715

TOTAL EXPENSES $662,997

Year-over-Year Comparison

	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%

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

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

$192,695

Total Directors

$13,727

Key Employees

Highest Compensated

reported

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

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	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

RACING MEDICATION AND TESTING CONSORTIUM