OHIO QUARTER HORSE ASSOCIATION (EIN 341034161) - 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

1960

Legal Domicile

Principal Officer

JUSTIN BILLINGS

Phone

6145057200

Tax Period

2024-01-01 to 2024-12-31

OHIO QUARTER HORSE ASSOCIATION, founded in 1960, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $10.1M left a modest 14% surplus.

Mission

TO PROMOTE THE OHIO QUARTER HORSE IN HARMONY WITH THE AMERICAN QUARTER ASSOCIATION

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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 $19,680

Program Service Revenue $11,168,143

Investment Income $484,577

Other Revenue $25,565

TOTAL REVENUE $11,697,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,041,824

Fundraising Expenses $0

Other Expenses $9,045,738

TOTAL EXPENSES $10,087,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,697,965	$10,758,333	+0.1%
Expenses	$10,087,562	$9,141,219	+0.1%
Net Income	$1,610,403	$1,617,114	0.0%

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

$249,719

Total Directors

$249,719

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN BILLINGS	CEO	40.00	Officer Director	$249,719	$0	$249,719
SCOTT MYERS	CEO	40.00		$200,000	$0	$200,000
CYNTHIA BAUMAN	DIRECTOR	10.00	Director	$0	$0	$0
AUBREY BRAHAM	DIRECTOR	10.00	Director	$0	$0	$0
MATT CLAYPOOL	DIRECTOR	10.00	Director	$0	$0	$0
KELLI DIAZ	DIRECTOR	10.00	Director	$0	$0	$0
LAUREN DIAZ	DIRECTOR	10.00	Director	$0	$0	$0
ED DINGLEDINE	HONORARY DIR	1.00	Director	$0	$0	$0
SHAWN FLARIDA	DIRECTOR	10.00	Director	$0	$0	$0
KYLE FLATTER	DIRECTOR	10.00	Director	$0	$0	$0
JEFF GORE	DIRECTOR	10.00	Director	$0	$0	$0
RJ JACOBS	DIRECTOR	10.00	Director	$0	$0	$0
RANDY JACOBS	DIRECTOR	10.00	Director	$0	$0	$0
ROGER LANDIS	DIRECTOR	10.00	Director	$0	$0	$0
ROGER LANDIS	HONORARY DIR	1.00	Director	$0	$0	$0
BRIAN LEE	DIRECTOR	10.00	Director	$0	$0	$0
CINDY MOREHEAD	DIRECTOR	10.00	Director	$0	$0	$0
KRISTINE NAGY	DIRECTOR	10.00	Director	$0	$0	$0
ART O'BRIEN	DIRECTOR	10.00	Director	$0	$0	$0
JUDD PAUL	2ND VICE PRE	10.00	Officer Director	$0	$0	$0
CHAD PIPER	DIRECTOR	10.00	Director	$0	$0	$0
LYNNE PUTHOFF	DIRECTOR	10.00	Director	$0	$0	$0
SALLY PUZACKE	DIRECTOR	10.00	Director	$0	$0	$0
DON RECCHIUTI	HONORARY DIR	1.00	Director	$0	$0	$0
TODD SALOME	DIRECTOR	10.00	Director	$0	$0	$0
GEORGE SEANOR	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHUCH SMITH	HONORARY DIR	1.00	Director	$0	$0	$0
DENNIS TAYLOR	DIRECTOR	10.00	Director	$0	$0	$0
MISSY THYFAULT	DIRECTOR	10.00	Director	$0	$0	$0
BRENT TINCHER	HONORARY DIR	1.00	Director	$0	$0	$0
GREG TORDOFF	1ST VICE PRE	10.00	Officer Director	$0	$0	$0
DAN TREIN	HONORARY DIR	1.00	Director	$0	$0	$0
MARION TROYER	DIRECTOR	10.00	Director	$0	$0	$0
CONNIE VANSICKLE	DIRECTOR	10.00	Director	$0	$0	$0
RANDY WILSON	DIRECTOR	10.00	Director	$0	$0	$0
HANK CLASON	PAST PRESIDE	1.00	Officer	$0	$0	$0
CHRIS CECIL DARNELL	PAST PRESIDE	1.00	Officer	$0	$0	$0
FRITZ LEEMAN	PAST PRESIDE	1.00	Officer	$0	$0	$0
BRENT MAXWELL	PAST PRESIDE	1.00	Officer	$0	$0	$0
DAVE MCDONALD	PAST PRESIDE	1.00	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
2025	No data	No data	No data	No data
2024	$11,697,965	$10,087,562	$20,026,540	$1,610,403
2023	$10,758,333	$9,141,219	$19,814,713	$1,617,114
2022	$10,471,038	$8,555,874	$17,852,088	$1,915,164
2021	$9,931,832	$8,092,451	$16,635,104	$1,839,381
2020	$619,034	$1,930,314	$15,149,605	$-1,311,280
2019	$10,493,681	$8,242,960	$15,513,790	$2,250,721
2018	$10,427,789	$8,499,636	$13,020,635	$1,928,153

OHIO QUARTER HORSE ASSOCIATION