TENNESSEE REINING HORSE ASSOCIATION (EIN 020695158) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

4238512543

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE REINING HORSE ASSOCIATION, founded in 2003, is a small nonprofit in the Animal-Related sector that reported $944K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $879K left a modest 7% surplus.

Mission

PROMOTE AND ENCOURAGE THE SHOWING OF REINING HORSES AND DEVELOP AND DISSEMINATE INFORMATIONAL MATERIAL DEEMED DESIRABLE TO PROVIDE CONTESTANTS AND SPECTATORS A BETTER UNDERSTANDING OF A PROPER PERFORMANCE OF THE REINING HORSE IN THE SHOW ARENA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $92,332

Program Service Revenue $851,173

Investment Income $0

Other Revenue $0

TOTAL REVENUE $943,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $869,209

Other Expenses $878,711

TOTAL EXPENSES $878,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$943,505	$818,202	+0.2%
Expenses	$878,711	$860,985	+0.0%
Net Income	$64,794	$-42,783	-2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH LARKIN	President	4.00	Director	$0	$0	$0
JEANNA SCHAFFHAUSER	Vice President	8.00	Officer Director	$0	$0	$0
NICHOLAS COWEN	Treasurer	8.00	Officer Director	$0	$0	$0
ALLISON LASH	Secretary	2.00	Officer Director	$0	$0	$0
RONNIE FOX	Director	1.00	Director	$0	$0	$0
SAM SCHAFFHAUSER	Director	3.00	Director	$0	$0	$0
CARLY FLANAGAN	Director	1.00	Director	$0	$0	$0
AMY YARBER	Director	2.00	Director	$0	$0	$0
LANDON AUGUSTIN	Director	1.00	Director	$0	$0	$0
TREENA MUSSELMAN	Director	1.00	Director	$0	$0	$0
CHRISS HULL	Director	1.00	Director	$0	$0	$0

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
2024	$943,505	$878,711	$121,070	$64,794
2023	$818,202	$860,985	$56,276	$-42,783
2022	$620,427	$598,722	$99,059	$21,705
2021	$452,735	$442,081	$77,354	$10,654
2019	$382,460	$347,524	$59,706	$34,936
2018	$255,691	$259,718	$24,770	$-4,027

TENNESSEE REINING HORSE ASSOCIATION