BLUE COLLAR BREEDERS INITIATIVE (EIN 832140305) - 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

2019

Legal Domicile

Principal Officer

JEFF SWITZER

Phone

6202278009

Tax Period

2024-01-01 to 2024-12-31

BLUE COLLAR BREEDERS INITIATIVE, founded in 2019, is a small nonprofit that reported $300K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $348K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROMOTE HORSE BREEDING

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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 $287,912

Investment Income $11,971

Other Revenue $0

TOTAL REVENUE $299,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $348,466

TOTAL EXPENSES $348,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,883	$513,243	-0.4%
Expenses	$348,466	$392,396	-0.1%
Net Income	$-48,583	$120,847	-1.4%

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

N/A

Employees

N/A

Volunteers

N/A

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
LATRICIA DUKE	DIRECTOR	N/A	Director	$0	$0	$0
ROBIN HERRIN	DIRECTOR	N/A	Director	$0	$0	$0
BO HILL	DIRECTOR	N/A	Director	$0	$0	$0
CALLY KINDERED	DIRECTOR	N/A	Director	$0	$0	$0
KIM MATTHEWS	DIRECTOR	N/A	Director	$0	$0	$0
BRYELL MULLIGAN	DIRECTOR	N/A	Director	$0	$0	$0
DILLON MUNDORF	DIRECTOR	N/A	Director	$0	$0	$0
KENNY NICHOLS	DIRECTOR	N/A	Director	$0	$0	$0
JEFF SWITZER	PRESIDENT	N/A	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	$299,883	$348,466	$144,068	$-48,583
2023	$513,243	$392,396	$192,651	$120,847
2022	$243,352	$320,411	$77,856	$-77,059
2021	$412,696	$328,187	$154,915	$84,509
2020	$175,630	$267,546	$70,406	$-91,916

BLUE COLLAR BREEDERS INITIATIVE