TRAO RETIRED HORSE FUND (EIN 901113285) - 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

2012

Legal Domicile

Principal Officer

DANIELLE BARBER

Phone

4054278753

Tax Period

2025-01-01 to 2025-12-31

TRAO RETIRED HORSE FUND, founded in 2012, is a micro nonprofit that reported $33K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $37K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE PURPOSE OF THIS TRUST IS THE PROMOTION OF THE RESPONSIBLE AND HUMANE RETIREMENT OF THOROUGHBRED RACEHORSES INCLUDING, BUT NOT LIMITED TO, EDUCATION OF THE THOROUGHBRED RACING INDUSTRY AND GENERAL PUBLIC, ENCOURAGEMENT OF BEST PRACTICES BY OWNERS AND TRAINERS WITH REGARD TO THE RETENTION, RETRAINING, AND RETIREMENT OF THOROUGHBRED RACEHORSES, PREVENTION OF CRUELTY TO RETIRED THOROUGHBRED RACEHORSES, AND SUPPORT FOR THE TRANSITION, TRAINING, AND PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES.

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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 $32,897

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,023

Other Expenses $4,095

TOTAL EXPENSES $37,047

Year-over-Year Comparison

	2025	2024	Change
Revenue	$32,897	$30,443	+0.1%
Expenses	$37,047	$32,216	+0.1%
Net Income	$-4,150	$-1,773	+1.3%

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
MIKE BIEHLER	DIRECTOR	N/A	Director	$0	$0	$0
RANDY BLAIR	DIRECTOR	N/A	Director	$0	$0	$0
DANNY CALDWELL	DIRECTOR	N/A	Director	$0	$0	$0
BOYD CASTER	DIRECTOR	N/A	Director	$0	$0	$0
DAVID FAULKNER	DIRECTOR	N/A	Director	$0	$0	$0
BRYAN HAWK	DIRECTOR	N/A	Director	$0	$0	$0
TERESA LUNEACK	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL MAJORS	DIRECTOR	N/A	Director	$0	$0	$0
KENNY NOLEN	DIRECTOR	N/A	Director	$0	$0	$0
JOE OFFOLTER	DIRECTOR	N/A	Director	$0	$0	$0
SCOTTYOUNG	DIRECTOR	N/A	Director	$0	$0	$0
C R TROUT	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT ZOELLNER	DIRECTOR	N/A	Director	$0	$0	$0
DANIELLE BARBER	EXECUTIVE DI	N/A	Officer	$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	$32,897	$37,047	$21,673	$-4,150
2024	$30,443	$32,216	$25,823	$-1,773
2023	$24,495	$31,594	$27,596	$-7,099
2022	$33,524	$29,250	$34,294	$4,274
2021	$47,513	$31,287	$30,020	$16,226
2020	$26,803	$32,377	$13,794	$-5,574
2019	$9,397	$33,589	$19,368	$-24,192
2018	$31,284	$23,121	$43,560	$8,163

TRAO RETIRED HORSE FUND