Florida Thoroughbred Charities Inc

Nonprofit profile at a glance

EIN
592991947
IRS 990-EZ coverage
2013–2025
Forms available
Form 990 2018, Form 990-EZ 2025
Location
Ocala, FL, USA
Phone
3526292160
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs

Reported finances

Revenue
$1,256
Expenses
$21,912
Assets
$192,171
Liabilities
$59

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • VALERIE DAILEY (PRESIDENT (BEG. 10/25)/1ST VP)
  • GEORGE ISAACS (PRESIDENT (THRU 10/25))
  • LONNY POWELL (CEO & EXECUTIVE VP)
  • FRANCIS VANLANGENDONCK (2ND VICE PRESIDENT)

People named in this filing

  • BECKIE CANTRELL (SECRETARY)
  • VALERIE DAILEY (PRESIDENT (BEG. 10/25)/1ST VP)
  • NICK DE MERIC (1ST VC (BEG. 10/25)/SEC)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support an equine non profit charitable organization and support individuals in the equine industry through scholarships to educational institutions.

What it reported doing in 2025

Contributions were made to educational institutions on behalf of individuals in the equine industry.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 82
  • Sustainability: 37
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 45.6%; rating input score 46

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1,644.6%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 8.77; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: -9.8% per year; rating input score 0; 25th percentile among comparable filings
  • Asset growth: -7.9% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 45.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $10K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2013 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Program expense ratio scored 46/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.