ARIZONA HORSEMEN'S BENEVOLENT & PROTECTIVE ASSOCIATION INC (EIN 860646160) - 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

1988

Legal Domicile

Phone

6029423336

Tax Period

2024-01-01 to 2024-12-31

ARIZONA HORSEMEN'S BENEVOLENT & PROTECTIVE ASSOCIATION INC, founded in 1988, is a small nonprofit that reported $381K in total revenue in fiscal year 2024. The organization ran a surplus of $87K, a strong 23% operating margin.

Mission

TO PROMOTE, FOSTER AND ENCOURAGE A STRONGER ECONOMIC ENVIRONMENT FOR THE THOROUGHBBRED HORSE RACING INDUSTRY; FACILITATE BETTER RELATIONS AMONG PARTICIPANTS IN THOROUGHBRED HORSE RACING; PROVIDE BENEVOLENCE TO THOSE PARTICIPANTS IN NEED AND REPRESENT THE INTERESTS OF ALL THOROUGHBRED HORSEMEN AND WOMEN.

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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 $378,083

Program Service Revenue $0

Investment Income $3,045

Other Revenue $0

TOTAL REVENUE $381,128

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $63,350

Fundraising Expenses $0

Program Expenses $293,835

Other Expenses $199,485

TOTAL EXPENSES $293,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,128	$375,241	+0.0%
Expenses	$293,835	$274,059	+0.1%
Net Income	$87,293	$101,182	-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

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

$41,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY K HOBSON	CFO	40.00	Officer	$41,667	$0	$41,667

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	$381,128	$293,835	$546,359	$87,293
2023	$375,241	$274,059	$459,118	$101,182
2022	$415,747	$343,237	$358,082	$72,510
2021	$390,058	$310,691	$285,375	$79,367
2020	$293,499	$332,743	$207,528	$-39,244
2019	$362,353	$359,364	$246,772	$2,989
2018	$368,597	$272,042	$247,757	$96,555

ARIZONA HORSEMEN'S BENEVOLENT & PROTECTIVE ASSOCIATION INC