THE AMERICAN MORGAN HORSE EDUCATIO… - 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

2002

Legal Domicile

Principal Officer

CARRIE MORTENSEN

Phone

8029854944

Tax Period

2024-01-01 to 2024-12-31

THE AMERICAN MORGAN HORSE EDUCATIONAL CHARITABLE TRUST, founded in 2002, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

1) ON-GOING EDUCATIONAL EFFORTS TO SUPPORT AN UNDERSTANDING OF THE HISTORY AND BENEFITS DERIVED FROM RAISING AND OWNING MORGAN HORSES; 2) ENCOURAGE AN APPRECIATION OF MORGAN HORSES, 3) EDUCATE THE GENERAL POPULATION REGARDING THE SUBSTANTIAL BENEFITS PROVIDED BY EQUINE ACTIVITIES, 4) ACTIVELY ENGAGE THE MORGAN COMMUNITY TO ENSURE THAT A QUALITY OF ENRICHING EXPERIENCE IS AVAILABLE TO LEADERS AND WORKERS IN THE MORGAN HORSE COMMUNITY OF TOMORROW AND 5) BUILD PUBLIC AWARENESS AND KNOWLEDGE OF THE MORGAN HORSE BREED.

Program Service Accomplishments

Program 1

Expenses: $1,996,287 Revenue: $1,590,097

THE GRAND NATIONAL & WORLD CHAMPIONSHIP MORGAN HORSE SHOW AN INTERNATIONAL COMPETITION:- OFFERS EDUCATIONAL CLINICS PROMOTING THE BENEFITS OF OWNING MORGAN HORSE AND EQUINE ACTIVITIES- PROVIDES TOURS TO PUBLIC ORGANIZATIONS INCLUDING SCHOOLS WHICH OUTLINE THE HISTORY OF THE BREED AND AVAILABLE EXPERIENCES PEOPLE CAN HAVE WITH HORSES, AND - THE DIVERSITY OF CLASSES INCREASE PUBLIC AWARENESS AND GENERAL BREED PROMOTION

Program 2

Expenses: $29,867

YOUTH PROGRAM DEVELOPS A SENSE OF SPORTSMANSHIP AND FAIR PLAY, LEARN CITIZENSHIP SKILLS, MASTER LEADERSHIP SKILLS, AND DEVELOP DISCIPLINE AND SENSE OF RESPONSIBILITY FOR THEMSELVES, THEIR HORSES, AND...

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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 $129,240

Program Service Revenue $2,214,069

Investment Income $49,830

Other Revenue $-53,805

TOTAL REVENUE $2,339,334

Expense Breakdown

Grants Paid $84,020

Salaries & Benefits $245,948

Fundraising Expenses $160,599

Program Expenses $2,026,154

Other Expenses $2,112,210

TOTAL EXPENSES $2,442,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,339,334	$2,543,268	-0.1%
Expenses	$2,442,178	$2,417,418	+0.0%
Net Income	$-102,844	$125,850	-1.8%

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

$139,670

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CA LEE III	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL FLETCHER	FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
MEREDITHE BODNAR	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN HANDY	TRUSTEE	1.00	Director	$0	$0	$0
TERRI STURM	TRUSTEE	1.00	Director	$0	$0	$0
LYN ESTELL	TRUSTEE	1.00	Director	$0	$0	$0
DALLAS BOLEN	TRUSTEE	1.00	Director	$0	$0	$0
LINDA BREWER END 2024	TRUSTEE	1.00	Director	$0	$0	$0
MERIN MAGGI	TRUSTEE	1.00	Director	$0	$0	$0
DIANE LENTS	TRUSTEE (START 2024)	1.00	Director	$0	$0	$0
CARRIE MORTENSEN	EXECUTIVE DIRECTOR	5.00	Officer	$0	$9,151	$139,670

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	$2,339,334	$2,442,178	$1,211,699	$-102,844
2023	$2,543,268	$2,417,418	$1,969,841	$125,850
2022	$2,167,678	$2,079,300	$1,847,452	$88,378
2021	$2,171,544	$1,925,366	$1,774,340	$246,178
2020	$1,860,104	$1,529,437	$1,512,526	$330,667
2019	$1,859,374	$1,829,806	$1,172,141	$29,568
2018	$1,844,609	$1,757,481	$1,137,921	$87,128

THE AMERICAN MORGAN HORSE EDUCATIONAL CHARITABLE TRUST