NEVADA PARI-MUTUEL ASSOCIATION (EIN 880253005) - 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

1990

Legal Domicile

Principal Officer

ZACHARY LEVINE

Phone

7023872021

Tax Period

2025-01-01 to 2025-12-31

NEVADA PARI-MUTUEL ASSOCIATION, founded in 1990, is a small nonprofit that reported $405K in total revenue in fiscal year 2025. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 24% operating margin.

Mission

OBTAINS ALL REGULATORY APPROVAL FOR OFF-TRACK PARI-MUTUEL BETTING AND ACTS AS A LIAISON FOR THE MEMBER LICENSED PARI-MUTUEL RACE BOOKS, THE PURVEYOR OF THE PARI-MUTUEL WAGERING SYSTEM AND THE STATE GAMING COMMISSION AND STATE GAMING CONTROL BOARD.

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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 $0

Program Service Revenue $353,769

Investment Income $51,439

Other Revenue $0

TOTAL REVENUE $405,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $309,691

Other Expenses $309,691

TOTAL EXPENSES $309,691

Year-over-Year Comparison

	2025	2024	Change
Revenue	$405,208	$298,200	+0.4%
Expenses	$309,691	$229,336	+0.4%
Net Income	$95,517	$68,864	+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
DUSTIN BROWN	SECRETARY &	N/A	Officer Director	$0	$0	$0
VINCENT COLLURA	DIRECTOR	N/A	Director	$0	$0	$0
PATTY JONES	EXECUTIVE DI	N/A	Director	$0	$0	$0
ZACHARY LEVINE	PRESIDENT &	N/A	Officer Director	$0	$0	$0
JOHN VICOSI	TREASURER &	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
2025	$405,208	$309,691	$1,516,163	$95,517
2024	No data	No data	No data	No data
2023	$317,409	$226,780	$1,351,782	$90,629
2022	$259,448	$248,101	$1,261,153	$11,347
2021	$232,732	$218,038	$1,249,806	$14,694
2020	$370,297	$235,456	$1,235,159	$134,841
2019	$336,279	$269,825	$1,100,345	$66,454
2018	$343,447	$324,006	$1,033,919	$19,441

NEVADA PARI-MUTUEL ASSOCIATION