IOWA QUARTERHORSE ASSOCIATION

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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

1951

Legal Domicile

Principal Officer

TAMMI ADIX

Phone

5152301178

Tax Period

2024-01-01 to 2024-12-31

IOWA QUARTERHORSE ASSOCIATION, founded in 1951, is a small nonprofit that reported $876K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $847K left a modest 3% surplus.

Mission

TO PROMOTE THE AMERICAN QUARTERHORSE

Program Service Accomplishments

Program 1

Expenses: $304,057

FUTURITY SHOWS AND AUCTION SPONSERED TO PROMOTE QUARTERHORSE BREEDING AND SHOWING

Program 2

Expenses: $384,390

HORSE SHOWS FOR PROMOTING BREEDING AND TRAINING OF AMERICAN QUARTERHORSE, ALSO PROMOTING AMATEUR AND YOUTH PARTICIPATION

Program 3

Expenses: $114,205

PUBLICATION OF IOWA QUARTERHORSE DIRECTORY AND MAGAZINE FOR ALL MEMBERS AND ENTHUSIASTS WEBSITE AND ANNUAL MEETING EXPENSES AND SUPPORT 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 $35,875

Program Service Revenue $840,120

Investment Income $0

Other Revenue $0

TOTAL REVENUE $875,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $802,652

Other Expenses $846,954

TOTAL EXPENSES $846,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$875,995	$701,901	+0.2%
Expenses	$846,954	$654,491	+0.3%
Net Income	$29,041	$47,410	-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
TAMMI ADIX	PRESIDENT	5.00	Officer	$0	$0	$0
MITCH ADKINS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JENNIFER HORTON	SECRETARY	1.00	Officer	$0	$0	$0
CODI JO HEESCH	TREASURER	1.00	Officer	$0	$0	$0
LOREN MEYER	EX OFFICIO	1.00	Officer	$0	$0	$0
KIM STRONG	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HAMRICK	DIRECTOR	1.00	Director	$0	$0	$0
LORI MENNENGA	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE KINCAID	DIRECTOR	1.00	Director	$0	$0	$0
ROSALIE CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
MARY EBNET	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY BLACK	DIRECTOR	1.00	Director	$0	$0	$0
MATEER STRONG	DIRECTOR	1.00	Director	$0	$0	$0
SARLYNN HESTON	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
2025	No data	No data	No data	No data
2024	$875,995	$846,954	$713,635	$29,041
2023	$701,901	$654,491	$688,887	$47,410
2022	$675,537	$600,892	$641,477	$74,645
2021	$581,039	$531,262	$566,832	$49,777
2020	$293,893	$265,353	$517,540	$28,540
2018	$304,337	$310,320	$367,720	$-5,983