Virginia Thoroughbred Project (EIN 843519034) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Phone

4344092046

Tax Period

2025-01-01 to 2025-12-31

VIRGINIA THOROUGHBRED PROJECT, founded in 2019, is a small nonprofit in the Animal-Related sector that reported $339K in total revenue in fiscal year 2022. The organization ran a surplus of $236K, a strong 70% operating margin.

Mission

Committed to excellence in the aftercare of thoroughbred racehorses.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $320,803

Program Service Revenue $0

Investment Income $5,380

Other Revenue $0

TOTAL REVENUE $326,183

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $311,427

Other Expenses $311,595

TOTAL EXPENSES $312,095

Year-over-Year Comparison

	2025	2024	Change
Revenue	$326,183	$209,455	+0.6%
Expenses	$312,095	$166,521	+0.9%
Net Income	$14,088	$42,934	-0.7%

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

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	Role	Reportable Comp	Other Comp	Total
Sally Hamlin	President	Director	$0	$0	$0
Steven Goldberg	Vice President	Director	$0	$0	$0
Arthur Bryant Jr	Treasurer	Director	$0	$0	$0
Carolyn Beverly	Director	Director	$0	$0	$0
Kristy Miller	Director	Director	$0	$0	$0
Jill Bryne	Director	Director	$0	$0	$0
Jane Hendricks	Director	Director	$0	$0	$0
Maurice Casey DVM	Director	Director	$0	$0	$0
Erin Mitchell	Director	Director	$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	$326,183	$312,095	$433,951	$14,088
2024	$209,455	$166,521	$419,863	$42,934
2022	$339,054	$103,090	$365,704	$235,964

Virginia Thoroughbred Project