VIRGINIA WINS WITH PARI-MUTUEL

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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

JAMIE SANKO

Phone

8045575431

Tax Period

2022-01-01 to 2022-12-31

VIRGINIA WINS WITH PARI-MUTUEL, founded in 2021, is a micro nonprofit in the Public & Societal Benefit sector that reported $2K in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

TO ENCOURAGE THE RETURN OF WORLD-CLASS HORSE RACING IN VIRGINIA BY SUPPORTING PASSAGE OF REFERENDA TO ALLOW PARI-MUTUEL WAGERING IN CERTAIN VIRGINIA LOCALITIES, WHICH WILL ENSURE THE SPORT CAN THRIVE AND CREATE TAX REVENUE AND NUMEROUS NEW JOBS FOR VIRGINIA AND ITS LOCALITIES.

Program Service Accomplishments

Program 1

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $1,978

TOTAL REVENUE $1,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,978	$562,025	-1.0%
Expenses	N/A	$563,095	-1.0%
Net Income	N/A	$-1,070	N/A

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
AARON GOMES	PRESIDENT	0.50	Officer Director	$0	$0	$0
JAMIE SANKO	TREASURER	2.00	Officer Director	$0	$0	$0
KARANJA AUGUSTINE	SECRETARY	0.50	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
2022	$1,978	No data	$908	No data
2021	$562,025	$563,095	No data	$-1,070