IDAHO QUARTER HORSE RACING ASSOCIATION INC (EIN 273566412) - 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

2010

Legal Domicile

Phone

2087310368

Tax Period

2023-01-01 to 2023-12-31

IDAHO QUARTER HORSE RACING ASSOCIATION INC, founded in 2010, is a small nonprofit that reported $282K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Net assets of $641K represent 27 months of operating reserves.

Mission

PROMOTION OF THE RAISING AND RACING OF QUARTER HORSES IN THE STATE OF IDAHO.

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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 $3,565

Program Service Revenue $269,011

Investment Income $15,522

Other Revenue $-5,772

TOTAL REVENUE $282,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,305

Other Expenses $309,852

TOTAL EXPENSES $309,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,326	$430,703	-0.3%
Expenses	$309,852	$637,983	-0.5%
Net Income	$-27,526	$-207,280	-0.9%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA ROCHE	Director	0.00	Director	$0	$0	$0
MARK HANSON	Director	0.00	Director	$0	$0	$0
TODD THOMAS	Director	0.00	Director	$0	$0	$0
KENDELL KELLER	Director	0.00	Director	$0	$0	$0
CAMERON MULRONY	Director	0.00	Director	$0	$0	$0
JARRETT MILLS	Vice President	0.00	Director	$0	$0	$0
KELLY MILLS	Secretary	10.00	Officer	$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	$282,326	$309,852	$641,117	$-27,526
2022	$430,703	$637,983	$668,643	$-207,280
2021	$497,519	$241,761	$875,923	$255,758
2020	$174,255	$191,266	$620,165	$-17,011
2019	$156,872	$205,193	$637,176	$-48,321
2018	$168,180	$242,483	$691,897	$-74,303

IDAHO QUARTER HORSE RACING ASSOCIATION INC