ALABAMA TRACK OWNERS ASSOCIATION

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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

BRENT PINKSTON

Tax Period

2023-01-01 to 2023-12-31

ALABAMA TRACK OWNERS ASSOCIATION, founded in 2021, is a micro nonprofit that reported $90K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring.

Mission

PROMOTING THE GENERAL WELFARE OF THE RACETRACK GAMING INDUSTRY, INCLUDING FORMULATING, COMMUNICATING, AND ADVOCATING POLICIES FAVORABLE TO THE INDUSTRY, WITH THE ADDED BENEFIT OF ENHANCING THE ECONOMY OF ALABAMA AND SUPPORTING THE ECONOMIC DEVELOPMENT OF THE STATE.

Program Service Accomplishments

Program 1

Expenses: $89,808

THE OWNERS OF ALABAMA'S FOUR GREYHOUND TRACKS LAUNCHED A TELEVISION AD CAMPAIGN TO ENCOURAGE LAWMAKERS TO APPROVE A CONSTITUTIONAL AMENDMENT TO ALLOW VOTERS TO DECIDE WHETHER TO APPROVE A LOTTERY AND CASINOS. THE CAMPAIGN BY THE ALABAMA TRACK OWNERS ASSOCIATION SAYS A LOTTERY AND CASINOS COULD GENERATE $700 MILLION EACH YEAR AND CREATE JOBS.

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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 $89,808

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $89,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,808

Other Expenses $89,808

TOTAL EXPENSES $89,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,808	$254,422	-0.6%
Expenses	$89,808	$930,775	-0.9%
Net Income	$0	$-676,353	-1.0%

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
BRENT PINKSTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUTHER WINN JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LEWIS T BENEFIELD	SECRETARY	1.00	Officer Director	$0	$0	$0
ARTHUR MOTHERSHED	TREASURER	1.00	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	$89,808	$89,808	$199	No data
2022	$254,422	$930,775	$199	$-676,353
2021	$2,779,205	$2,102,653	$676,552	$676,552