49TH STATE BARREL RACERS THOMAS (EIN 870907693) - 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

2021

Legal Domicile

Principal Officer

JODY THOMAS

Phone

9073224141

Tax Period

2023-01-01 to 2023-12-31

49TH STATE BARREL RACERS THOMAS, founded in 2021, is a micro nonprofit in the Recreation & Sports sector that reported $15K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5K, a strong 30% operating margin.

Mission

TO PROVIDE BARREL RACERS OF ALL CAILBERS A PLACE TO COMPETE IN A FRIENDLY ENVIRONMENT THAT WILL PROMOTE THE SPORT OF BARREL RACING AND EQUINE PARTNERSHIP. 49TH STATE BARREL RACERS VALUES PASSION, INTEGRITY AND COMMITMENT TO OUR MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,141

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,371

Other Expenses $10,571

TOTAL EXPENSES $10,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,141	$10,563	+0.4%
Expenses	$10,571	$7,342	+0.4%
Net Income	$4,570	$3,221	+0.4%

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

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
JAIMEE COON	DIRECTOR	N/A	Director	$0	$0	$0
BECCA FOX	SECRETARY	N/A	Officer Director	$0	$0	$0
HEATHER THOMAS	TREASURER	N/A	Officer Director	$0	$0	$0
JODY THOMAS	PRESIDENT	N/A	Officer Director	$0	$0	$0
HALLIE WEEKS	VICE PRESIDE	N/A	Officer 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
2023	$15,141	$10,571	$12,705	$4,570
2022	$10,563	$7,342	$8,135	$3,221
2021	$7,638	$2,724	$4,914	$4,914

49TH STATE BARREL RACERS THOMAS