NATIONAL SNAFFLE BIT ASSOCIATION FOUNDATION INC (EIN 271434965) - 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

2009

Legal Domicile

Principal Officer

STEPHANIE LYNN

Phone

8476236722

Tax Period

2023-01-01 to 2023-12-31

NATIONAL SNAFFLE BIT ASSOCIATION FOUNDATION INC, founded in 2009, is a small nonprofit in the Education sector that reported $814K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $369K, a strong 45% operating margin.

Mission

The mission of the National Snaffle Bit Association Foundation, Inc. is to enhance the well-being of the show horse community through various charitable programs that benefit horse people, horses and the relationships they create.

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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 $779,441

Program Service Revenue $0

Investment Income $62,583

Other Revenue $-28,301

TOTAL REVENUE $813,723

Expense Breakdown

Grants Paid $72,376

Salaries & Benefits $15,000

Fundraising Expenses $0

Program Expenses $444,638

Other Expenses $357,412

TOTAL EXPENSES $444,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$813,723	$724,772	+0.1%
Expenses	$444,788	$382,428	+0.2%
Net Income	$368,935	$342,344	+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

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

$165,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE LYNN	Executive Dir.	2.50	Officer	$0	$0	$165,000
BETH HARTMAN	CHAIR	0.20	Officer Director	$0	$0	$0
RYAN COTTINGIM	CHAIR ELECT	0.20	Officer Director	$0	$0	$0
LANCE BRYSON	Treasurer	0.20	Officer Director	$0	$0	$0
BARBARA CRAWFORD	Director	0.20	Director	$0	$0	$0
NANCY DITTY	Director	0.20	Director	$0	$0	$0
JENNIFER LEAVENGOOD	Director	0.20	Director	$0	$0	$0
BOB KENNEDY	Director	0.20	Director	$0	$0	$0
ROBIN SOWELL	Director	0.20	Director	$0	$0	$0
DEVON MARTIN	Director	0.20	Director	$0	$0	$0
JOHN HALPIN	Director	0.20	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	No data	No data	No data	No data
2023	$813,723	$444,788	$1,419,044	$368,935
2023	$841,923	$472,988	$1,419,044	$368,935
2022	$724,772	$382,428	$1,064,341	$342,344
2021	$592,159	$272,566	$732,505	$319,593
2020	$232,379	$204,990	$402,631	$27,389
2019	$398,937	$265,931	$374,061	$133,006
2018	$291,006	$262,786	$241,940	$28,220

NATIONAL SNAFFLE BIT ASSOCIATION FOUNDATION INC