MQHA INC C/O CHAD HORKEY

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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

1992

Legal Domicile

Principal Officer

CHAD HORKEY

Phone

5073562235

Tax Period

2023-01-01 to 2023-12-31

MQHA INC C/O CHAD HORKEY, founded in 1992, is a small nonprofit that reported $384K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $338K left a modest 12% surplus.

Mission

TO ENCOURAGE THE PROMOTION OF THE QUARTER HORSE BREED THAT IT MAY EXCEL IN CONFORMATION AND PERFORMANCE ABILITY; TO SPONSOR SHOWS, SALES AND RELATED EVENTS; TO CONDUCT RESEARCH; AND TO DO ANY AND ALL THINGS COMMENSURATE THEREWITH.

Program Service Accomplishments

Program 1

MQHA, INC. PROMOTES QUARTER HORSE BREEDING AND ACTIVITIES BY PUBLISHING MONTHLY NEWSLETTERS, AN ANNUAL DIRECTORY, AND WEBSITE. COMPETITIVE HORSE SHOWS ARE SPONSORED, WITH AWARDS GIVEN FOR HIGH POINT EARNERS AND FUTURITY WINNERS. MQHA, INC. ALSO PROMOTES THE WELFARE AND HUMANE TREATMENT OF THE AMERICAN QUARTER HORSE THROUGH EDUCATIONAL CLINICS AND 4H BOOT CAMPS.

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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 $0

Program Service Revenue $382,440

Investment Income $121

Other Revenue $1,220

TOTAL REVENUE $383,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,000

Fundraising Expenses $0

Other Expenses $323,070

TOTAL EXPENSES $338,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$383,781	$307,747	+0.2%
Expenses	$338,070	$292,032	+0.2%
Net Income	$45,711	$15,715	+1.9%

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

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

$10,000

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET SAX	SECRETARY	10.00	Officer Director	$5,500	$0	$5,500
CHAD HORKEY	TREASURER	10.00	Officer Director	$4,500	$0	$4,500
GREG BOOTH	NATIONAL DIRECTOR	2.00	Director	$2,000	$0	$2,000
MARY EBNET	NATIONAL DIRECTOR	2.00	Director	$1,000	$0	$1,000
TOM CROWLEY	NATIONAL DIRECTOR	2.00	Director	$1,000	$0	$1,000
DR ROLAND WOLHIN	NATIONAL DIRECTOR	2.00	Director	$1,000	$0	$1,000
JOSH TJOSAAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LIZ MIDTLIEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICK KLAUS	PAST PRESIDENT	2.00	Director	$0	$0	$0
MARY NIGG	DISTRICT 1 DIRECTOR	1.00	Director	$0	$0	$0
CONNIE SCHULTZ	DISTRICT 2 DIRECTOR	1.00	Director	$0	$0	$0
RACHEL SCHOEPF	DISTRICT 3 DIRECTOR	1.00	Director	$0	$0	$0
ERIC PETRY	DISTRICT 4 DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA TJOSAAS	DISTRICT 5 DIRECTOR	1.00	Director	$0	$0	$0
BETH CROOK	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
RYANE BAKKE	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
KRISTIN KLIMMEK	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
TERRI SHALEEN	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
COURTNEY VUTOVA	DIRECTOR AT LARGE	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	$383,781	$338,070	$222,268	$45,711
2022	$307,747	$292,032	$168,717	$15,715
2019	$326,036	$341,005	$113,472	$-14,969
2018	$335,388	$322,272	$131,259	$13,116