WASHINGTON STATE HORSE PARK AUTHORITY (EIN 331197391) - 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

2006

Legal Domicile

Principal Officer

WENDY HENSLEY

Phone

8776354111

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON STATE HORSE PARK AUTHORITY, founded in 2006, is a community nonprofit in the Animal-Related sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 3% surplus.

Mission

TO BUILD, PROMOTE, OPERATE AND SUSTAIN THE PREMIER DESTINATION FOR HORSE ACTIVITIES.

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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 $259,722

Program Service Revenue $866,359

Investment Income $351

Other Revenue $221,577

TOTAL REVENUE $1,348,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $391,231

Fundraising Expenses $1,397

Program Expenses $1,064,082

Other Expenses $915,929

TOTAL EXPENSES $1,307,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,348,009	$839,664	+0.6%
Expenses	$1,307,160	$1,032,030	+0.3%
Net Income	$40,849	$-192,366	-1.2%

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

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD TREWIN	PRESIDENT	1.50	Officer Director	$0	$0	$0
KAYDEE JOHNSTON	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
LESIE THURSTON	SECRETARY	1.50	Officer Director	$0	$0	$0
MITCH WILLIAMS	TREASURER	1.50	Officer Director	$0	$0	$0
TOM DENT	BOARD MEMBER	1.50	Director	$0	$0	$0
JASON BOTH	BOARD MEMBER	1.50	Director	$0	$0	$0
JUDY WARNICK	BOARD MEMBER	1.50	Director	$0	$0	$0
DENISE YOUELL	BOARD MEMBER	1.50	Director	$0	$0	$0
WENDY HENSLEY	EXECUTIVE DIRECTOR	40.00	Officer	$110,000	$0	$110,000

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	$1,348,009	$1,307,160	$7,488,711	$40,849
2022	$839,664	$1,032,030	$7,500,322	$-192,366
2021	$1,010,584	$1,005,860	$7,625,788	$4,724
2020	$716,456	$544,204	$7,566,448	$172,252
2019	$4,454,510	$782,039	$7,705,244	$3,672,471
2018	$674,594	$640,159	$3,734,811	$34,435

WASHINGTON STATE HORSE PARK AUTHORITY