CALIFORNIA THOROUGHBRED HORSEMEN'S… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

JORDYN EGAN

Phone

6264460169

Tax Period

2023-07-01 to 2024-06-30

CALIFORNIA THOROUGHBRED HORSEMEN'S FOUNDATION INC, founded in 1983, is a community nonprofit in the Mutual Benefit sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $5.0M represent 25 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES HEALTH AND WELFARE BENEFITS TO INDIVIDUALS AND THEIR FAMILIES WHO WORK IN OCCUPATIONS DIRECTLY RELATED TO THE CARE OF THOROUGHBRED HORSES IN CALIFORNIA.

Program Service Accomplishments

Program 1

Expenses: $2,097,688 Revenue: $145,989

CTHF OPERATES FACILITES IN BOTH NORTHERN AND SOUTHERN CALIFORNIA THAT PROVIDE MEDICAL AND DENTAL SERVICES TO APPROXIMATELY 2500 BACKSTRETCH WORKERS AND THEIR FAMILIES. THESE SERVICES ARE PROVIDED BY MEDICAL AND DENTAL PROFESSIONALS, AND INCLUDE HOSPITAL CARE, OUTPATIENT TREATMENTS, ALCOHOL AND DRUG REHABILITATION, WELFARE ASSISTANCE, PRESCRIPTIONS, MEDICAL SUPPLIES AND AMBULANCE SERVICES.

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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 $2,003,390

Program Service Revenue $145,989

Investment Income $195,395

Other Revenue $9,806

TOTAL REVENUE $2,354,580

Expense Breakdown

Grants Paid $10,155

Salaries & Benefits $1,478,629

Fundraising Expenses $0

Program Expenses $2,097,688

Other Expenses $895,449

TOTAL EXPENSES $2,384,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,354,580	$2,100,674	+0.1%
Expenses	$2,384,233	$2,075,224	+0.1%
Net Income	$-29,653	$25,450	-2.2%

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

$186,272

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN SMOLE	CHAIR	2.00	Officer Director	$0	$0	$0
ANGIE CARMONA	SECRETARY	2.00	Officer Director	$0	$0	$0
LUCY LAWRENCE	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS BELL	DIRECTOR	1.00	Director	$0	$0	$0
DAMASCUS CAS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DUNN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE HRONIS	DIRECTOR	1.00	Director	$0	$0	$0
JOSH RUBENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SINDLER	DIRECTOR	1.00	Director	$0	$0	$0
MILLIE YAKTEEN	DIRECTOR	1.00	Director	$0	$0	$0
JORDYN EGAN TERM START 11823	EXECUTIVE DIRECTOR	40.00	Officer	$10,618	$0	$10,618
CLIFF GOODRICH TERM END 1123	EXECUTIVE DIRECTOR	40.00	Officer	$167,452	$8,202	$175,654

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	$2,354,580	$2,384,233	$5,106,989	$-29,653
2023	$2,100,674	$2,075,224	$4,949,826	$25,450
2022	$2,219,766	$1,987,768	$4,792,139	$231,998
2021	$2,050,346	$2,026,186	$5,123,542	$24,160
2020	$2,259,545	$2,065,205	$4,902,978	$194,340
2019	$1,992,320	$2,007,686	$4,692,289	$-15,366
2018	$3,209,921	$2,925,936	$4,677,800	$283,985

CALIFORNIA THOROUGHBRED HORSEMEN'S FOUNDATION INC