INDIANA THOROUGHBRED ALLIANCE INC (EIN 853547966) - 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

2020

Legal Domicile

Principal Officer

STEVE WEST

Phone

7655410146

Tax Period

2025-01-01 to 2025-12-31

INDIANA THOROUGHBRED ALLIANCE INC, founded in 2020, is a micro nonprofit in the Animal-Related sector that reported $46K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE INDIANA THOROUGHBRED ALLIANCE (ITA) IS A COLLABORATION OF BREEDERS, OWNERS, TRAINERS AND HORSE ENTHUSIAST DEDICATED TO CONTINUED SUCCESS OF THOROUGHBRED BREEDING AND RACING IN THE STATE OF INDIANA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $46,000

Program Service Revenue $0

Investment Income $129

Other Revenue $0

TOTAL REVENUE $46,129

Expense Breakdown

Grants Paid $38,500

Salaries & Benefits $0

Fundraising Expenses $9,414

Program Expenses $38,500

Other Expenses $9,619

TOTAL EXPENSES $48,119

Year-over-Year Comparison

	2025	2024	Change
Revenue	$46,129	$40,840	+0.1%
Expenses	$48,119	$40,517	+0.2%
Net Income	$-1,990	$323	-7.2%

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
CRYSTAL CHAPPLE	PRESIDENT	1.00	Officer	$0	$0	$0
SUE BURGER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JANICE JORDAN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
TARA MATHIAS	SECRETARY	1.00	Officer	$0	$0	$0
STEVE WEST	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
2025	$46,129	$48,119	$26,880	$-1,990
2024	$40,840	$40,517	$23,921	$323
2023	$28,394	$24,961	No data	$3,433
2022	$55,913	$72,105	No data	$-16,192
2021	$71,908	$71,786	$348	$122

INDIANA THOROUGHBRED ALLIANCE INC