WESTERN HERITAGE EVENT CENTER INC (EIN 201363398) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

PENNIE DECLARK

Phone

9702642345

Tax Period

2024-01-01 to 2024-12-31

WESTERN HERITAGE EVENT CENTER INC, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $605K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $441K, a strong 73% operating margin.

Mission

THE SPECIFIC OBJECTIVE AND PURPOSE OF THIS CORPORATION IS THE PRESERVATION OF THE HISTORY OF THE AMERICAN WEST AND WESTERN HERITAGE, THROUGH SPONSORSHIP OF RODEOS, YOUTH AND EQUESTRIAN ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $472,166

Program Service Revenue $123,952

Investment Income $8,655

Other Revenue $0

TOTAL REVENUE $604,773

Expense Breakdown

Grants Paid $28,196

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,700

Other Expenses $135,238

TOTAL EXPENSES $163,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$604,773	$1,162,128	-0.5%
Expenses	$163,434	$365,717	-0.6%
Net Income	$441,339	$796,411	-0.4%

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

N/A

Volunteers

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
LISA SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
PENNIE DECLARK	TREASURER	2.00	Officer	$0	$0	$0
TWYNE REGESTER	DIRECTOR	2.00	Officer	$0	$0	$0
DIANA TALBOT	PRESIDENT	2.00	Officer	$0	$0	$0
KEITH JACOBSON	DIRECTOR	1.00	Director	$0	$0	$0
BOB KAVLI	VICE PRESIDENT	2.00	Director	$0	$0	$0
KATELYN BAILY	SECRETARY	2.00	Officer	$0	$0	$0
WES LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MONTROY	DIRECTOR	1.00	Director	$0	$0	$0
LANE SCHAAF	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	$604,773	$163,434	$2,283,908	$441,339
2023	$1,162,128	$365,717	$1,842,569	$796,411
2022	$1,563,060	$1,372,030	$1,046,158	$191,030
2021	$488,571	$44,976	$855,128	$443,595
2019	$109,005	$55,008	$673,071	$53,997
2018	$78,876	$39,821	$512,034	$39,055

WESTERN HERITAGE EVENT CENTER INC