THOROUGHBRED OWNERS OF CALIFORNIA (EIN 954406781) - 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

1993

Legal Domicile

Principal Officer

WILLIAM NADER

Phone

6265746621

Tax Period

2024-07-01 to 2025-06-30

THOROUGHBRED OWNERS OF CALIFORNIA, founded in 1993, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

REPRESENT THE INTERESTS OF CALIFORNIA THOROUGHBRED RACE HORSE OWNERS AND THE INDUSTRY.

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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 $0

Program Service Revenue $916,976

Investment Income $103,571

Other Revenue $248,750

TOTAL REVENUE $1,269,297

Expense Breakdown

Grants Paid $57,775

Salaries & Benefits $840,757

Fundraising Expenses $0

Other Expenses $551,363

TOTAL EXPENSES $1,449,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,269,297	$1,438,913	-0.1%
Expenses	$1,449,895	$1,450,094	0.0%
Net Income	$-180,598	$-11,181	+15.2%

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

$595,328

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY FENTON	CHAIRMAN	4.00	Officer Director	$0	$0	$0
BOB LIEWALD	VICE CHAIRMAN / TREASURER	4.00	Officer Director	$0	$0	$0
TERRY LOVINGIER	SECRETARY	4.00	Officer Director	$0	$0	$0
RYAN HANSON	DIRECTOR	3.00	Director	$0	$0	$0
SAMANTHA SIEGEL	DIRECTOR	3.00	Director	$0	$0	$0
GARY BARBER	DIRECTOR	3.00	Director	$0	$0	$0
MATT DOHMAN	DIRECTOR	3.00	Director	$0	$0	$0
TIM COHEN	DIRECTOR	3.00	Director	$0	$0	$0
MARK GLATT	DIRECTOR	3.00	Director	$0	$0	$0
STEPHANIE HORONIS	DIRECTOR	3.00	Director	$0	$0	$0
TY GREEN	DIRECTOR	3.00	Director	$0	$0	$0
JOHN HARRIS	DIRECTOR	3.00	Director	$0	$0	$0
ANDY MATHIS	DIRECTOR	3.00	Director	$0	$0	$0
JOE CIAGLIA	DIRECTOR	3.00	Director	$0	$0	$0
NICK ALEXANDER	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM NADER	PRESIDENT & CEO	40.00	Officer	$575,000	$20,328	$595,328

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	$1,269,297	$1,449,895	$2,447,055	$-180,598
2024	$1,438,913	$1,450,094	$3,529,267	$-11,181
2023	$1,393,763	$1,354,404	$6,662,123	$39,359
2022	$1,390,070	$1,481,485	$15,991,653	$-91,415
2021	$1,181,937	$1,581,579	$11,178,647	$-399,642
2020	$1,268,911	$1,191,148	$2,571,831	$77,763
2019	$1,318,426	$1,269,976	$2,229,182	$48,450
2018	$1,697,308	$1,558,029	$2,449,575	$139,279

THOROUGHBRED OWNERS OF CALIFORNIA