THE LOUISIANA HORSEMAN'S MEDICAL BENEFIT TRUST (EIN 726154126) - 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

THE LOUISIANA HORSEMAN'S MEDICAL BENEFIT TRUST, founded in 1993, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $751K, a strong 19% operating margin.

Mission

TO PROMOTE SOCIAL WELFARE OF INDIVIDUALS IN THE THOROUGHBRED RACING COMMUNITY IN LOUISIANA BY PROVIDING HOSPITAL AND MEDICAL BENEFITS AND RELATED ADMINISTRATIVE EXPENSES.

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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 $3,909,897

Investment Income $17,472

Other Revenue $0

TOTAL REVENUE $3,927,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,347,597

Other Expenses $828,614

TOTAL EXPENSES $3,176,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,927,369	$3,242,319	+0.2%
Expenses	$3,176,211	$3,187,369	0.0%
Net Income	$751,158	$54,950	+12.7%

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

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
CAROL CASTILLE	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN DELAHOUSSAYE	TRUSTEE	0.50	Director	$0	$0	$0
KENNETH LEE ROBERTS SR	TRUSTEE	0.50	Director	$0	$0	$0
MICHELE RODRIGUEZ	CHAIRPERSON	1.00	Director	$0	$0	$0
RONNIE WARD	TRUSTEE	0.50	Director	$0	$0	$0
EDWIN FENASCI	EXECUTIVE DIRECTOR	12.40	Officer	$0	$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	$3,927,369	$3,176,211	$3,113,809	$751,158
2023	$3,242,319	$3,187,369	$2,393,094	$54,950
2022	$3,399,671	$3,059,624	$2,361,938	$340,047
2021	$3,628,716	$3,068,150	$2,087,842	$560,566
2020	$2,735,351	$3,597,939	$1,670,082	$-862,588
2019	$3,495,001	$3,668,541	$2,561,762	$-173,540
2018	$3,531,318	$3,743,065	$2,679,098	$-211,747

THE LOUISIANA HORSEMAN'S MEDICAL BENEFIT TRUST