North Central Reined Cowhorse Association (EIN 262280947) - 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

2008

Legal Domicile

Principal Officer

Lance Scheffel

Phone

7152960093

Tax Period

2024-01-01 to 2024-12-31

North Central Reined Cowhorse Association, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $768K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To promote, provide, and achieve quality educational exhibits and events for our members, while creating a positive opportunity to experience the reined cow horse tradition

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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 $47,574

Program Service Revenue $720,373

Investment Income $0

Other Revenue $0

TOTAL REVENUE $767,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,189

Fundraising Expenses $0

Program Expenses $815,244

Other Expenses $780,055

TOTAL EXPENSES $815,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$767,947	$701,522	+0.1%
Expenses	$815,244	$692,519	+0.2%
Net Income	$-47,297	$9,003	-6.3%

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
Jim Wilson	President	8.00	Officer	$0	$0	$0
Jason Saffert	Vice President	5.00	Officer	$0	$0	$0
Cathy Goveronski	Secretary	2.00	Officer	$0	$0	$0
Lance Scheffel	Treasurer	10.00	Officer	$0	$0	$0
Travis Bruce	Director	10.00	Director	$0	$0	$0
Mike Goveronski	Director	10.00	Director	$0	$0	$0
Ryan Gallentine	Director	8.00	Director	$0	$0	$0
Damian Mikkelson	Director	8.00	Director	$0	$0	$0
Ryan Willumzen	Director	5.00	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	$767,947	$815,244	$72,506	$-47,297

North Central Reined Cowhorse Association