PENNSYLVANIA HORSE RACING ASSOCIATION (EIN 825264002) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

STANLEY PETERSON

Phone

7176484958

Tax Period

2023-01-01 to 2023-12-31

PENNSYLVANIA HORSE RACING ASSOCIATION, founded in 2018, is a small nonprofit that reported $982K in total revenue in fiscal year 2023. Revenue surged 128% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE, MARKET AND SUPPORT THE COMMON BUSINESS INTERESTS OF AND IMPROVE BUSINESS CONDITIONS AMONG HORSE RACING AND HORSE BREEDING INDUSTRIES IN PENNSYLVANIA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $980,222

Program Service Revenue $0

Investment Income $1,879

Other Revenue $0

TOTAL REVENUE $982,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,063

Fundraising Expenses $0

Other Expenses $791,260

TOTAL EXPENSES $1,047,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$982,101	$431,039	+1.3%
Expenses	$1,047,323	$953,098	+0.1%
Net Income	$-65,222	$-522,059	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BALLEZZI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SANFRATELLO	DIRECTOR	1.00	Director	$0	$0	$0
SAM BEEGLE	DIRECTOR	1.00	Director	$0	$0	$0
LISA DUNN	DIRECTOR AND SECRETARY	1.00	Officer Director	$0	$0	$0
TODD MOSTOLLER	DIRECTOR AND TREASURER	1.00	Officer Director	$0	$0	$0
STANLEY PETERSON	PRESIDENT	10.00	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	$982,101	$1,047,323	$870,618	$-65,222
2022	$431,039	$953,098	$139,378	$-522,059
2021	$1,181,063	$900,479	$1,118,498	$280,584
2020	$505,500	$963,055	$831,786	$-457,555

PENNSYLVANIA HORSE RACING ASSOCIATION