AMERICAN ASSOCIATION OF PROFESSIONAL FARRIERS INC

EIN: 452860254

WEST PALM BEACH, FL

Total Revenue
$239,365
Total Expenses
$261,301
Total Assets
$165,817
Net Assets
$117,918
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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
2011
Legal Domicile
KY
Principal Officer
ADAM WYNBRANDT
Phone
8595331465
Tax Period
2019-01-01 to 2019-12-31

AMERICAN ASSOCIATION OF PROFESSIONAL FARRIERS INC, founded in 2011, is a small nonprofit that reported $239K in total revenue in fiscal year 2019.

Mission

TO PROMOTE THE INTEGRITY OF THE FARRIER INDUSTRY BY STRENGTHENING THE KNOWLEDGE AND SKILLS OF ITS MEMBERS THROUGH CONTINUING EDUCATION AT THE STATE AND NATIONAL LEVELS, WHILE WORKING TO IMPROVE OVERALL EQUINE HEALTH THROUGH COLLABORATION WITH OTHER INDUSTRY PROFESSIONALS.

Program Service Accomplishments

Program 1

THE PRIMARY FOCUS OF THE ASSOCIATION IS THE PROMOTION OF CONTINUING EDUCATION FOR FARRIERS. THIS HAS BEEN ACCOMPLISHED BY WORKING WITH HOSTS OF EDUCATIONAL EVENTS AND ASSIGNING CE CREDITS FOR THOSE...

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THE PRIMARY FOCUS OF THE ASSOCIATION IS THE PROMOTION OF CONTINUING EDUCATION FOR FARRIERS. THIS HAS BEEN ACCOMPLISHED BY WORKING WITH HOSTS OF EDUCATIONAL EVENTS AND ASSIGNING CE CREDITS FOR THOSE WHO ATTEND.

Program 2

THE ASSOCIATION HAS ESTABLISHED A MENTORING PROGRAM WHERE WE LINK UP RECENT FARRIER GRADUATES (MENTEES) AND SEASONED, PROFESSIONAL FARRIERS (MENTORS). THE FOCUS IS TO DEVELOP ONGOING LIFETIME...

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THE ASSOCIATION HAS ESTABLISHED A MENTORING PROGRAM WHERE WE LINK UP RECENT FARRIER GRADUATES (MENTEES) AND SEASONED, PROFESSIONAL FARRIERS (MENTORS). THE FOCUS IS TO DEVELOP ONGOING LIFETIME RELATIONSHIPS OF LEARNING, DIALOGUE AND CHALLENGES.

Program 3

WHILE WE PREFER TO WORK WITH HOSTS OF EXISTING EVENTS TO HOST EDUCATIONAL EVENTS, WE HAVE AGREED THAT WE NEED TO HOST AT LEAST TWO (2) EVENTS PER YEAR FEATURING BOARD MEMBERS AS CLINICIANS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $12,704
Program Service Revenue $210,260
Investment Income $47
Other Revenue $16,354
TOTAL REVENUE $239,365

Expense Breakdown

Grants Paid $4,321
Salaries & Benefits $62,193
Fundraising Expenses $0
Other Expenses $194,787
TOTAL EXPENSES $261,301

Year-over-Year Comparison

2019 2018 Change
Revenue $239,365 $234,668 +0.0%
Expenses $261,301 $230,387 +0.1%
Net Income $-21,936 $4,281 -6.1%
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
11
Independent Members
10
Employees
1
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
5
$58,225
Total Directors
11
$58,225
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN J QUINSEY EXEC. DIR./S 40.00
Officer Director
$49,000 $9,225 $58,225
ADAM WYNBRANDT CHAIRMAN N/A
Officer Director
$0 $0 $0
CATHY A LESPERANCE PRESIDENT N/A
Officer Director
$0 $0 $0
JAMES GILCHRIST TREASURER N/A
Officer Director
$0 $0 $0
FRANK K REILLY VICE PRESIDE N/A
Officer Director
$0 $0 $0
DONNIE J KARR DIRECTOR N/A
Director
$0 $0 $0
MICHELE H MACRAE DIRECTOR N/A
Director
$0 $0 $0
LESTER J YODER DIRECTOR N/A
Director
$0 $0 $0
CALEB C BERGELEEN DIRECTOR N/A
Director
$0 $0 $0
TODD F SANTORO DIRECTOR N/A
Director
$0 $0 $0
GABRIEL A GRIFFIN DIRECTOR N/A
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
2019 $239,365 $261,301 $165,817 $-21,936
2018 $234,668 $230,387 $187,569 $4,281
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