MID-ATLANTIC THOROUGHBRED CHAMPIONSHIPS INC (EIN 824449904) - 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

2018

Legal Domicile

Principal Officer

ALAN FOREMAN

Phone

4103360525

Tax Period

2023-01-01 to 2023-12-31

MID-ATLANTIC THOROUGHBRED CHAMPIONSHIPS INC, founded in 2018, is a micro nonprofit that reported $20K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 91% operating margin.

Mission

TO PROMOTE AND REPRESENT THE COMMON INTERESTS OF, AND IMPROVE BUSINESS CONDITIONS AMONG, THE PARTICIPATING THOROUGHBRED RACETRACKS, HORSEMEN AND BREEDERS IN THE MID-ATLANTIC REGION OF THE UNITED STATES BY CONDUCTING A CHAMPIONSHIP RACING SERIES.

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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 $0

Program Service Revenue $20,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,750

TOTAL EXPENSES $1,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,000	$507,268	-1.0%
Expenses	$1,750	$490,964	-1.0%
Net Income	$18,250	$16,304	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MATTY	DIRECTOR	1.00	Director	$0	$0	$0
TODD MOSTELLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID OSOJNAK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RICHARDSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ALAN FOREMAN	PRESIDENT	1.00	Officer	$0	$0	$0
ROSEMARY LISHIA	TREASURER	1.00	Officer	$0	$0	$0

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	$20,000	$1,750	$82,031	$18,250
2022	$507,268	$490,964	$63,781	$16,304
2021	$266,635	$256,783	$47,477	$9,852

MID-ATLANTIC THOROUGHBRED CHAMPIONSHIPS INC