Sam Thompson Memorial Foundation For Disabled Jockeys
EIN: 472417170 · Rio Rancho, NM · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $63K |
| Total Expenses | $94K |
| Net Assets | $40K |
Is Sam Thompson Memorial Foundation For Disabled Jockeys Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sam Thompson Memorial Foundation For Disabled Jockeys
Sam Thompson Memorial Foundation For Disabled Jockeys (EIN: 472417170) is a nonprofit organization based in Rio Rancho, NM, classified under NTEE code P20. The organization reported total revenue of $63K and total assets of $36K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sam Thompson Memorial Foundation For Disabled Jockeys's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sam Thompson Memorial Foundation For Disabled Jockeys is a micro nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2014–2020).
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $94K |
| Surplus / Deficit | $-22,024 |
| Total Assets | $41K |
| Total Liabilities | $1K |
| Net Assets | $40K |
| Operating Margin | -30.6% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 5.2 months |
Financial Health Grade: B
In 2020, Sam Thompson Memorial Foundation For Disabled Jockeys reported a deficit of $22K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +22.1% | +44.6% | -34.9% |
| 2019 | -26.0% | -32.6% | -8.8% |
| 2018 | +3.0% | +77.1% | -19.4% |
| 2017 | +25.6% | +88.8% | +39.7% |
| 2016 | +48.3% | +106.2% | +120.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sam Thompson Memorial Foundation For Disabled Jockeys has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sam Thompson Memorial Foundation For Disabled Jockeys with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about Sam Thompson Memorial Foundation For Disabled Jockeys
Is Sam Thompson Memorial Foundation For Disabled Jockeys a legitimate charity?
Sam Thompson Memorial Foundation For Disabled Jockeys (EIN: 472417170) is a registered tax-exempt nonprofit based in New Mexico. It has 7 years of IRS 990 filings on record. Total revenue: $63K. No red flags identified. Financial health grade: B.
How does Sam Thompson Memorial Foundation For Disabled Jockeys spend its money?
Sam Thompson Memorial Foundation For Disabled Jockeys reported $63K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sam Thompson Memorial Foundation For Disabled Jockeys tax-deductible?
Sam Thompson Memorial Foundation For Disabled Jockeys is registered as a tax-exempt nonprofit (EIN: 472417170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sam Thompson Memorial Foundation For Disabled Jockeys located?
Sam Thompson Memorial Foundation For Disabled Jockeys is headquartered in Rio Rancho, New Mexico and files with the IRS under EIN 472417170. It is classified under NTEE code P20.
How many years of IRS 990 filings does Sam Thompson Memorial Foundation For Disabled Jockeys have?
Sam Thompson Memorial Foundation For Disabled Jockeys has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $63K in total revenue.
Filing History
IRS 990 filing history for Sam Thompson Memorial Foundation For Disabled Jockeys showing financial trends over 7 years of public records:
Total assets increased by 20429.5% over the same period, from $200 to $41K. In its most recent filing year (2020), Sam Thompson Memorial Foundation For Disabled Jockeys reported a deficit of $22K, with expenses exceeding revenue. The organization holds $1K in liabilities against $41K in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $72K | $94K | $41K | $1K | — | View 990 |
| 2019 | $59K | $65K | $63K | $1K | — | View 990 |
| 2018 | $80K | $96K | $69K | $1K | — | View 990 |
| 2017 | $77K | $54K | $86K | $2K | — | View 990 |
| 2016 | $62K | $29K | $61K | $956 | — | View 990 |
| 2015 | $42K | $14K | $28K | $200 | — | View 990 |
| 2014 | $0 | $0 | $200 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $72K, expenses of $94K, and assets of $41K (revenue +22.1% year-over-year).
- 2019: Revenue of $59K, expenses of $65K, and assets of $63K (revenue -26.0% year-over-year).
- 2018: Revenue of $80K, expenses of $96K, and assets of $69K (revenue +3.0% year-over-year).
- 2017: Revenue of $77K, expenses of $54K, and assets of $86K (revenue +25.6% year-over-year).
- 2016: Revenue of $62K, expenses of $29K, and assets of $61K (revenue +48.3% year-over-year).
- 2015: Revenue of $42K, expenses of $14K, and assets of $28K.
- 2014: Revenue of $0, expenses of $0, and assets of $200.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sam Thompson Memorial Foundation For Disabled Jockeys:
Data Sources and Methodology
This transparency report for Sam Thompson Memorial Foundation For Disabled Jockeys is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.