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Oklahoma · Nonprofit

THOROUGHBRED ATHLETES INC

THOROUGHBRED ATHLETES INC (Oklahoma) receives grants from 9 organizations whose IRS filings report $465,271 to it, the largest being THOROUGHBRED AFTERCARE ALLIANCE FOUNDATI DBA THOROUGHBRED AFTERCARE ALLIANCE ($380,000). 5 of them have funded it in more than one year.

Revenue FY2025
$126k
Funders on record
9
Grants received
$465k
Net assets
$56k
5/9 repeat funderspeak grant-dependency 50%
01What it does

What Thoroughbred Athletes Inc does

Mission

Rehabilitate retrain and rehome off-the-track thoroughbreds and afford community youth the ability to experience the process.

As stated on its FY2025 Form 990-EZ.

Program

  1. Promoting growth and learning in both horses and youth by instilling a solid work ethic with emphasis on teamwork responsibility confidence and service to others. Provides horses with a solid training foundation for a second career and youth with life-long skills.

    $0 spent

The program described on its FY2025 Form 990-EZ.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($116k) Expenses 100 ($116k) Net assets 100 ($32k)2020 Revenue 96 ($111k) Expenses 87 ($101k) Net assets 134 ($43k)2021 Revenue 115 ($133k) Expenses 118 ($137k) Net assets 109 ($35k)2022 Revenue 115 ($133k) Expenses 110 ($127k) Net assets 126 ($41k)2023 Revenue 131 ($151k) Expenses 126 ($146k) Net assets 136 ($44k)2024 Revenue 136 ($157k) Expenses 110 ($128k) Net assets 226 ($73k)2025 Revenue 109 ($126k) Expenses 124 ($145k) Net assets 173 ($56k)
2017202020212022202320242025
Revenue (109)Expenses (124)Net assets (173)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $44k to $73k (+67%).

$32k
$43k
$35k
$41k
$44k
$73k
$56k
2017202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

100% of THOROUGHBRED ATHLETES INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (86% for the typical peer).

This organization
Typical peer · 7,065 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.

−$617
’17
$10k
’20
−$4k
’21
$6k
’22
$5k
’23
$29k
’24
−$18k
’25
2.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Lynn Sullivan

Executive Director

As listed on its FY2025 Form 990-EZ.

20202021
Listed89
Joined·+2
No longer listed·1
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 3 funders to 4 funders, grant income rose $43k → $66k.

4 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THOROUGHBRED ATHLETES INC’s funders (the co-funder graph). Top 8 of 9 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THOROUGHBRED ATHLETES INC leans on a few funders — its largest provides 82% of grant income and the top three 94%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

93% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THOROUGHBRED ATHLETES INC.

82%
largest funder
94%
top three
~1
effective funders

Largest funder’s share by year: 2017 94% · 2018 90% · 2019 97% · 2020 87% · 2021 67% · 2022 75% · 2023 76% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

50% of THOROUGHBRED ATHLETES INC's funders are still giving 3 years after their first grant; 56% give in more than one year at all.

first grant+1y+2y+3y+4y+5y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

THOROUGHBRED ATHLETES INC draws 93% of its grant income from funders outside Oklahoma, across 2 states in all.

KY
OK

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Oklahoma out of state home

Funder states come from each funder’s own filing. $25k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THOROUGHBRED ATHLETES INC's funding base is broadening — from 3 funders to 4 as grant income climbed.

Operating margin−15% · bottom quartile
Revenue growth (annualized)1% · bottom quartile

this organization peer median middle 50% of peers· 3,954 animals nonprofits $100k–$1M, FY2025

Organizations like THOROUGHBRED ATHLETES INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Oklahoma

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

OK

Screen this organization

A dated, signed PDF of the compliance screen for THOROUGHBRED ATHLETES INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THOROUGHBRED ATHLETES INC?
THOROUGHBRED ATHLETES INC (Oklahoma) receives grants from 9 organizations whose IRS filings report $465,271 to it, the largest being THOROUGHBRED AFTERCARE ALLIANCE FOUNDATI DBA THOROUGHBRED AFTERCARE ALLIANCE ($380,000). 5 of them have funded it in more than one year.
How many funders does THOROUGHBRED ATHLETES INC have?
IRS filings report 9 organizations giving $465,271 in grants to THOROUGHBRED ATHLETES INC, 5 of which have funded it in more than one year.
Who is the largest funder of THOROUGHBRED ATHLETES INC?
THOROUGHBRED AFTERCARE ALLIANCE FOUNDATI DBA THOROUGHBRED AFTERCARE ALLIANCE is the largest funder on record, with $380,000 in grants. The full list of funders is on this page.
How can an organization like THOROUGHBRED ATHLETES INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Oklahoma. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Thoroughbred Athletes →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing