NORTH CENTRAL REINING HORSE ASSOCIATION INC

EIN: 411469210 Food, Agriculture & Nutrition

WELCH, MN

Total Revenue
$592,507
Total Expenses
$577,729
Total Assets
$209,903
Net Assets
$209,903
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MN
Principal Officer
JOHN ZIMMERMAN
Phone
5072635363
Tax Period
2023-01-01 to 2023-12-31

NORTH CENTRAL REINING HORSE ASSOCIATION INC, founded in 1975, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $593K in total revenue in fiscal year 2023.

Mission

TO PROMOTE AND ENCOURAGE DEVELOPMENT OF AND PUBLIC INTEREST IN AGRICULTURE AND RANCHING THROUGH THE PROMOTION AND OFFERING OF PUBLIC REINING HORSE SHOWS. BY ADHERING TO THE STANDARDS OF PERFORMANCE AND JUDGING INTENDED TO GOVERN ALL REINING HORSE CONTESTS AS APPROVED BY THE NATIONAL REINING HORSE ASSOCIATION; TO ENCOURAGE THE DEVELOPMENT AND BREEDING OF BETTER REINING HORSES; AND TO DEVELOP AND DISSEMINATE INFORMATIONAL TOOLS TO PROVIDE CONTESTANTS AND SPECTATORS A BETTER UNDERSTANDING OF A PROPER PERFORMANCE OF THE REINING HORSE IN THE SHOW ARENA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,284
Program Service Revenue $585,989
Investment Income $1,434
Other Revenue $1,800
TOTAL REVENUE $592,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,150
Fundraising Expenses $0
Program Expenses $565,089
Other Expenses $568,579
TOTAL EXPENSES $577,729

Year-over-Year Comparison

2023 2022 Change
Revenue $592,507 $572,198 +0.0%
Expenses $577,729 $560,703 +0.0%
Net Income $14,778 $11,495 +0.3%
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
12
Independent Members
12
Employees
N/A
Volunteers
15

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
$9,150
Total Directors
12
$9,150
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANICE FIER TREASURER 5.00
Officer Director
$9,150 $0 $9,150
JAMIE FEDDER DIRECTOR 1.00
Director
$0 $0 $0
TIM BUSSE DIRECTOR 1.00
Director
$0 $0 $0
CARRIE BATEMAN VICE-PRESIDENT 4.00
Officer Director
$0 $0 $0
PETER SMITH DIRECTOR 1.00
Director
$0 $0 $0
RUSS RATKOWSKI DIRECTOR 1.00
Director
$0 $0 $0
BRANDON FREIHEIT DIRECTOR 1.00
Director
$0 $0 $0
JOHN ZIMMERMAN PRESIDENT 4.00
Officer Director
$0 $0 $0
JORDAN KURTZ DIRECTOR 1.00
Director
$0 $0 $0
JACKIE DONAHUE DIRECTOR 1.00
Director
$0 $0 $0
MIKE DAVIS DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE WIEDERHOLT DIRECTOR 1.00
Director
$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 No data No data No data No data
2023 $592,507 $577,729 $209,903 $14,778
2022 $572,198 $560,703 $195,125 $11,495
2021 $508,769 $490,707 $183,630 $18,062
2020 $234,504 $218,301 $165,569 $16,203
2019 $433,292 $439,665 $149,364 $-6,373
2018 $549,147 $563,750 $155,738 $-14,603
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