GREEN MOUNTAIN HORSE ASSOCIATION I… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

BRUCE PERRY

Phone

8024511509

Tax Period

2023-11-01 to 2024-10-31

GREEN MOUNTAIN HORSE ASSOCIATION INC, founded in 1965, is a community nonprofit in the Recreation & Sports sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 48% operating margin.

Mission

SEE FORM 990, PART I, LINE 1

Program Service Accomplishments

Program 1

Expenses: $1,280,531 Revenue: $1,584,197

PROGRAMS WERE DEVELOPED TO TEACH CHILDREN AND ADULTS PROPER CARE, USE, TRAINING AND SELECTION OF HORSES, ANIMAL WELFARE, STABLE MANAGEMENT AND TO IMPROVE HORSEMANSHIP SKILLS. 76 EDUCATIONAL AND...

PROGRAMS WERE DEVELOPED TO TEACH CHILDREN AND ADULTS PROPER CARE, USE, TRAINING AND SELECTION OF HORSES, ANIMAL WELFARE, STABLE MANAGEMENT AND TO IMPROVE HORSEMANSHIP SKILLS. 76 EDUCATIONAL AND ATHLETIC EVENTS WERE HELD. AT LEAST 179 VOLUNTEERS DONATED THEIR TIME FOR A TOTAL NUMBER OF VOLUNTEER HOURS IN EXCESS OF 4,350. GMHA STAFF PARTICIPATED IN CONFERENCES DESIGNED TO IMPROVE THEIR AWARENESS AND UNDERSTANDING OF EDUCATIONAL AND COMPETITIVE EQUESTRIAN EVENTS, TRAIL PRESERVATION AND MAINTENANCE, AND THE GROWING EQUESTRIAN RECREATIONAL OPPORTUNITIES WITHIN THE STATE OF VERMONT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,074,591

Program Service Revenue $1,567,173

Investment Income $542,322

Other Revenue $26,652

TOTAL REVENUE $3,210,738

Expense Breakdown

Grants Paid $8,255

Salaries & Benefits $427,177

Fundraising Expenses $88,917

Program Expenses $1,280,531

Other Expenses $1,221,981

TOTAL EXPENSES $1,657,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,210,738	$1,710,930	+0.9%
Expenses	$1,657,413	$1,577,357	+0.1%
Net Income	$1,553,325	$133,573	+10.6%

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

179

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

$106,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BALLOU	DIRECTOR	1.00	Director	$0	$0	$0
ERIN GROGAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTA KEMP	DIRECTOR	1.00	Director	$0	$0	$0
PATTY QUINN	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE REARDON	DIRECTOR	1.00	Director	$0	$0	$0
LISA SILVESTER	DIRECTOR	1.00	Director	$0	$0	$0
RUTH KENNEDY SUDDUTH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA WINTER	DIRECTOR	1.00	Director	$0	$0	$0
PATTY HYYPPA	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE PERRY	EXECUTIVE DIRECTOR	48.00	Officer	$106,154	$0	$106,154
KATHY MCHUGH	PRESIDENT	6.00	Officer	$0	$0	$0
SARAH CARLAN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
HILARY MISKOE	SECRETARY	1.00	Officer	$0	$0	$0
KATHLEEN WEINHEIMER	TREASURER	5.00	Officer	$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	$3,210,738	$1,657,413	$7,659,640	$1,553,325
2023	$1,710,930	$1,577,357	$5,097,389	$133,573
2022	$1,683,970	$1,579,389	$4,831,785	$104,581
2021	$1,822,357	$1,490,215	$5,227,035	$332,142
2020	$1,074,212	$1,115,280	$4,609,029	$-41,068
2019	$1,372,055	$1,539,237	$4,490,105	$-167,182
2018	$1,882,404	$1,517,371	$4,494,179	$365,033

GREEN MOUNTAIN HORSE ASSOCIATION INC