WASHINGTON THOROUGHBRED BREEDERS (EIN 910496694) - 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

1941

Legal Domicile

Principal Officer

DANA HALVORSON

Phone

2532887878

Tax Period

2023-07-01 to 2024-06-30

WASHINGTON THOROUGHBRED BREEDERS, founded in 1941, is a small nonprofit that reported $300K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO FACILITATE THE IMPROVEMENT OF PRACTICES IN THE BREEDING OF THOROUGHBRED HORSES FOR RACING.

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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 $60,945

Program Service Revenue $206,107

Investment Income $0

Other Revenue $32,597

TOTAL REVENUE $299,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,040

Fundraising Expenses $1,500

Program Expenses $141,205

Other Expenses $199,060

TOTAL EXPENSES $318,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,649	$332,196	-0.1%
Expenses	$318,100	$375,845	-0.2%
Net Income	$-18,451	$-43,649	-0.6%

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

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

$24,162

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA HALVORSON	PRESIDENT	10	Director	$0	$0	$0
JIM ENGSTROM	1ST VICE PRESIDENT	3	Director	$0	$0	$0
MARY LOU GRIFFIN	2ND VICE PRESIDENT	3	Director	$0	$0	$0
JENNIFER WEBBER	SECRETARY	3	Director	$0	$0	$0
DEBRA PABST	TREASURER	3	Director	$0	$0	$0
HENRY LEONG	CHAIRMAN FINANCE COMMITTEE	2	Director	$0	$0	$0
MELISSA WENZEL	GENERAL MANAGER	40	Key Emp Highest	$24,162	$0	$24,162

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	No data	No data	No data	No data
2024	$299,649	$318,100	$146,809	$-18,451
2023	$332,196	$375,845	$314,095	$-43,649
2022	$280,812	$349,816	$354,218	$-69,004
2021	$300,000	$313,954	$393,901	$-13,954
2020	$387,105	$372,999	$371,895	$14,106
2019	$331,758	$415,178	$386,123	$-83,420

WASHINGTON THOROUGHBRED BREEDERS