THE FRIESIAN HORSE ASSOCIATION OF … - 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

1984

Legal Domicile

Principal Officer

MARQUIS LAUDE

Phone

8594557430

Tax Period

2024-01-01 to 2024-12-31

THE FRIESIAN HORSE ASSOCIATION OF NORTH AMERICA, founded in 1984, is a small nonprofit that reported $559K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

THE FRIESIAN HORSE ASSOCIATION OF NORTH AMERICA WAS ESTABLISHED TO FURTHER AND PROMOTE THE BREEDING OF THE FRIESIAN HORSE.

Program Service Accomplishments

Program 1

SEE STATEMENT ON SCHEDULE O

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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 $194,843

Program Service Revenue $354,684

Investment Income $7,710

Other Revenue $1,750

TOTAL REVENUE $558,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,478

Fundraising Expenses $0

Other Expenses $454,581

TOTAL EXPENSES $598,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$558,987	$657,409	-0.1%
Expenses	$598,059	$699,772	-0.1%
Net Income	$-39,072	$-42,363	-0.1%

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

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

$92,957

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE PIASCIK	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ERIC SMITH	TREASURER	4.00	Officer Director	$0	$0	$0
ERIN MILEY	DIRECTOR	2.00	Director	$0	$0	$0
MARQUIS LAUDE	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARK BOONSTRA	DIRECTOR	2.00	Director	$0	$0	$0
WILL BRON	DIRECTOR	2.00	Director	$0	$0	$0
KATIE WENGERT	SECRETARY	4.00	Officer Director	$0	$0	$0
JASON TICE	EXECUTIVE DIRECTOR	40.00	Officer	$49,743	$10,214	$59,957
KHARI RHYDER	EXECUTIVE DIRECTOR	40.00	Officer	$33,000	$0	$33,000

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	$558,987	$598,059	$413,641	$-39,072
2023	$657,409	$699,772	$426,178	$-42,363
2022	$699,517	$711,698	$441,903	$-12,181
2021	$580,483	$545,155	$505,231	$35,328
2020	$528,738	$520,921	$454,706	$7,817
2019	$722,168	$701,705	$420,118	$20,463
2018	$710,063	$675,711	$376,704	$34,352

THE FRIESIAN HORSE ASSOCIATION OF NORTH AMERICA