Colorado Thoroughbred Breeders Association (EIN 840716193) - 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

1997

Legal Domicile

Principal Officer

Hecky Heckendorf

Phone

3032940260

Tax Period

2024-01-01 to 2024-12-31

Colorado Thoroughbred Breeders Association, founded in 1997, is a micro nonprofit that reported $73K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $62K left a modest 15% surplus.

Mission

Encourage Breeding, Raising, and Racing of Thoroughbreds

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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 $3,705

Program Service Revenue $69,400

Investment Income $16

Other Revenue $0

TOTAL REVENUE $73,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,306

Fundraising Expenses $0

Other Expenses $19,122

TOTAL EXPENSES $62,428

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,121	$77,576	-0.1%
Expenses	$62,428	$66,222	-0.1%
Net Income	$10,693	$11,354	-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

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
HECKY HECKENDORF	PRESIDENT/BOARD MEMBER	5.00	Officer Director	$0	$0	$0
ROBIN EHLERS-SMITH	VICE PRESIDENT/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MARK HILLMAN	TREASURER/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
VANCE ALFREY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM WEIMER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB RING JR	BOARD MEMBER	1.00	Director	$0	$0	$0
CIMMARON GERKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MASON KING	BOARD MEMBER	1.00	Director	$0	$0	$0
TEMPLE RUSHTON	BOARD MEMBER	1.00	Director	$0	$0	$0
Tonya Kallsem-Griess	Office Executive Director & Secretary	40.00	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
2025	No data	No data	No data	No data
2024	$73,121	$62,428	$148,358	$10,693
2023	$77,576	$66,222	$137,551	$11,354
2022	$92,724	$60,005	$126,501	$32,719
2021	$74,346	$84,187	$200,605	$-9,841
2020	$122,426	$111,226	$87,482	$11,200
2019	$1,032,289	$1,054,958	$96,085	$-22,669
2018	$1,035,599	$1,037,971	$139,133	$-2,372

Colorado Thoroughbred Breeders Association