THE AMERICAN MORGAN HORSE EDUCATIONAL CHARITABLE TRUST

EIN: 306041200 501(c)(3)

LEXINGTON, KY

Total Revenue
$2,339,334
Total Expenses
$2,442,178
Total Assets
$1,211,699
Net Assets
$1,180,676
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
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.

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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%)

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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

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Governance

Voting Members
10
Independent Members
9
Employees
2
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
3
$139,670
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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