THE MISSOURI QUARTER HORSE ASSN

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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

Principal Officer

BRAD WELLENDORF

Phone

5735798840

Tax Period

2024-01-01 to 2024-12-31

THE MISSOURI QUARTER HORSE ASSN is a small nonprofit that reported $487K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $435K left a modest 11% surplus.

Mission

TO DEVELOP AND SUPPORT PROGRAMS OR INITIATIVES THAT PRESERVE OUR HORSE'S LEGACY AND FURTHER THE OVERALL WELL-BEING OF THE AMERICAN QUARTER HORSE AND THE PEOPLE WHO COMPRISE THE QUARTER HORSE FAMILY

Program Service Accomplishments

Program 1

TO DEVELOP AND SUPPORT PROGRAMS OR INITIATIVES THAT PRESERVE OUR HORSE'S LEGACY AND FURTHER THE OVERALL WELL-BEING OF THE AMERICAN QUARTER HORSE AND THE PEOPLE WHO COMPRISE THE QUARTER HORSE FAMILY.

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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 $21,329

Program Service Revenue $405,964

Investment Income $17,982

Other Revenue $41,753

TOTAL REVENUE $487,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $435,311

TOTAL EXPENSES $435,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,028	$438,292	+0.1%
Expenses	$435,311	$439,275	0.0%
Net Income	$51,717	$-983	-53.6%

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
KIM HIBDON	VICE PRESIDE	N/A	Director	$0	$0	$0
HEATHER SLEMP	PAST PRESIDE	N/A	Director	$0	$0	$0
SUSAN DUDLEY	TREASURER	N/A	Officer	$0	$0	$0
MELINDA MAXSON	PRESIDENT E	N/A	Officer	$0	$0	$0
LINDA MURPHY	EXECUTIVE DI	N/A	Officer	$0	$0	$0
BRAD WELLENDORF	PRESIDENT	N/A	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
2024	$487,028	$435,311	$252,765	$51,717
2023	$438,292	$439,275	$210,042	$-983
2022	$404,680	$415,310	$180,752	$-10,630
2022	$394,718	$415,310	$170,790	$-20,592
2021	$484,150	$558,009	$199,114	$-73,859
2020	$351,131	$339,254	$177,731	$11,877