CALIFORNIA THOROUGHBRED BREEDERS ASSOCIATION (EIN 951682276) - 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

1937

Legal Domicile

Principal Officer

DOUG BURGE

Phone

6264457800

Tax Period

2024-01-01 to 2024-12-31

CALIFORNIA THOROUGHBRED BREEDERS ASSOCIATION, founded in 1937, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ADVANCEMENT OF THOROUGHBRED BREEDING AND RACING IN CALIFORNIA.

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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 $50,895

Program Service Revenue $1,416,915

Investment Income $0

Other Revenue $132,881

TOTAL REVENUE $1,600,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $747,619

Fundraising Expenses $0

Other Expenses $1,165,954

TOTAL EXPENSES $1,913,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,600,691	$1,762,427	-0.1%
Expenses	$1,913,573	$1,889,730	+0.0%
Net Income	$-312,882	$-127,303	+1.5%

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

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

$350,423

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN OLDFIELD	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
TY GREEN	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
GEORGE SCHMITT	TREASURER	2.00	Officer Director	$0	$0	$0
ADRIAN GONZALEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
DOUG BURGE	CEO & GM	40.00	Officer	$220,157	$29,257	$249,414
THOMAS RETCHLESS	CONTROLLER	40.00	Officer	$100,000	$1,009	$101,009
DAN HARRALSON	DIRECTOR	1.00	Director	$0	$0	$0
JONNY HILVERS	DIRECTOR	1.00	Director	$0	$0	$0
STACY POTTER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY LOVINGIER	DIRECTOR	1.00	Director	$0	$0	$0
PETE PARRELLA	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GREENE	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA HALEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
DON VALPREDO	DIRECTOR	1.00	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	$1,600,691	$1,913,573	$5,282,586	$-312,882
2023	$1,762,427	$1,889,730	$5,518,265	$-127,303
2022	$1,935,151	$1,965,106	$5,829,788	$-29,955
2021	$1,831,103	$1,824,869	$6,339,422	$6,234
2020	$1,894,297	$1,907,242	$5,463,487	$-12,945
2019	$1,868,573	$1,911,640	$6,165,149	$-43,067
2018	$1,847,939	$1,807,814	$7,449,571	$40,125

CALIFORNIA THOROUGHBRED BREEDERS ASSOCIATION