GREAT WESTERN REINING HORSE ASSOCIATION INC (EIN 465293321) - 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

2014

Legal Domicile

Principal Officer

George King

Phone

2085243115

Tax Period

2023-01-01 to 2023-12-31

GREAT WESTERN REINING HORSE ASSOCIATION INC, founded in 2014, is a micro nonprofit in the Recreation & Sports sector that reported $19K in total revenue in fiscal year 2023. Revenue fell 121% from the prior year — a significant decline worth monitoring.

Mission

Advocate for, promote and support the sport of Reining and the Reining Horse, educate and inform the public, recruit and mentor youth members, sponsor clinics, expositions and events, advocate for humane treatment of reining horses.

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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 $65,471

Program Service Revenue $0

Investment Income $942

Other Revenue $-85,098

TOTAL REVENUE $-18,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,000

Fundraising Expenses $6,000

Program Expenses $50,478

Other Expenses $23,478

TOTAL EXPENSES $56,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-18,685	$89,991	-1.2%
Expenses	$56,478	$49,253	+0.1%
Net Income	$-75,163	$40,738	-2.8%

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

$33,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George King	Treasurer	16	Officer	$18,000	$0	$18,000
Leigh Latham	Vice President	7	Officer	$7,500	$0	$7,500
Robyn King	Secretary	7	Officer	$7,500	$0	$7,500
Dr Rick Latham	President	2	Officer	$0	$0	$0
Jackson Porath	Director	2	Officer	$0	$0	$0
Robert Peterson	Director	0.5	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	No data	No data	No data	No data
2023	$-18,685	$56,478	$102,162	$-75,163
2022	$89,991	$49,253	$157,209	$40,738
2021	$46,266	$50,154	$116,471	$-3,888
2020	$47,190	$31,337	$120,359	$15,853

GREAT WESTERN REINING HORSE ASSOCIATION INC