WA HORSEMEN'S BENEVOLENT & PROTECTIVE ASSN (EIN 911609818) - 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

1976

Legal Domicile

Principal Officer

PATRICK LEPLEY

Phone

2538046822

Tax Period

2024-01-01 to 2024-12-31

WA HORSEMEN'S BENEVOLENT & PROTECTIVE ASSN, founded in 1976, is a small nonprofit that reported $140K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $186K exceeded revenue, resulting in a 33% operating deficit.

Mission

To negotiate monitor contracts with racetracks on behalf of its members to promote common business interests, disseminate information, monitor regulatory changes protect welfare of racings participants.

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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 (2024)

Revenue Breakdown

Contributions & Grants $130,481

Program Service Revenue $0

Investment Income $9,714

Other Revenue $0

TOTAL REVENUE $140,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,605

Fundraising Expenses $0

Other Expenses $39,431

TOTAL EXPENSES $186,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,195	$170,002	-0.2%
Expenses	$186,033	$223,872	-0.2%
Net Income	$-45,838	$-53,870	-0.1%

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

$110,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARYANN O'CONNELL	EXECUTIVE DIRECTOR	048.00	Key Emp Highest	$110,000	$0	$110,000
PATRICK LEPLEY	PRESIDENT	004.00	Officer Director	$0	$0	$0
JACK FABULICH	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
SUE SPOONER	FINANCE/TREAS	002.00	Officer Director	$0	$0	$0
KEITH SWAGERTY	DIRECTOR	002.00	Director	$0	$0	$0
DEBBIE PABST	DIRECTOR	002.00	Director	$0	$0	$0
BLAINE WRIGHT	DIRECTOR	002.00	Director	$0	$0	$0
JOSE NAVARRO	DIRECTOR	002.00	Director	$0	$0	$0
ROBERT BAZE	DIRECTOR	002.00	Director	$0	$0	$0
TOM WENZEL	DIRECTOR	002.00	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
2024	$140,195	$186,033	$380,419	$-45,838
2023	$170,002	$223,872	$418,592	$-53,870
2022	$306,779	$200,188	$465,223	$106,591
2021	$214,460	$196,496	$349,184	$17,964
2020	$107,647	$180,440	$325,357	$-72,793

WA HORSEMEN'S BENEVOLENT & PROTECTIVE ASSN