WASHINGTON STATE QUARTER HORSE ASS… - 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

1995

Legal Domicile

Phone

3608709938

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON STATE QUARTER HORSE ASSOCIATION, founded in 1995, is a small nonprofit that reported $645K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE QUARTER HORSE BREED THROUGH DEMONSTRATION EVENTS AND TO TEACH YOUTH ABOUT RAISING AND SHOWING QUARTER HORSES.

Program Service Accomplishments

Program 1

QUARTER HORSE SHOWS AND PROGRAMS OPEN TO THE PUBLIC TO PROMOTE THE QUARTER 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,139

Program Service Revenue $619,956

Investment Income $2,400

Other Revenue $14,292

TOTAL REVENUE $644,787

Expense Breakdown

Grants Paid $2,265

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $653,727

TOTAL EXPENSES $655,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$644,787	$547,816	+0.2%
Expenses	$655,992	$520,268	+0.3%
Net Income	$-11,205	$27,548	-1.4%

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

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
ANNE HERRET	DIRECTOR	1.00	Director	$0	$0	$0
ANNA WEGENAST	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY COPLEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIN GORMAN	DIRECTOR	1.00	Director	$0	$0	$0
KIM HUIZENGA	2ND VICE PRESIDENT	1.00	Officer	$0	$0	$0
TAMI JENNINGS	PRESIDENT	1.00	Officer	$0	$0	$0
DEBBIE EVANS	1ST VICE PRESIDENT	1.00	Officer	$0	$0	$0
LINSEY KIMBROUGH	TREASURER	1.00	Officer	$0	$0	$0
CRYSTA KELLER	SECRETARY	1.00	Officer	$0	$0	$0
LISA GARDNER	MANAGEREXECUTIVE SECRETARY	1.00	Officer	$0	$0	$0
JANELLE SEBRING	PAST PRESIDENT	1.00		$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	$644,787	$655,992	$133,554	$-11,205
2023	$547,816	$520,268	$136,818	$27,548
2022	$544,503	$526,233	$109,065	$18,270
2021	$495,374	$450,944	$90,795	$44,430
2020	$146,579	$142,108	$56,318	$4,471
2019	$339,316	$321,216	$43,562	$18,100
2018	$326,174	$316,423	$26,620	$9,751

WASHINGTON STATE QUARTER HORSE ASSOCIATION