INTERNATIONAL ASSOCIATION OF PROFESSIONAL FARRIERS INC (EIN 475097049) - 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

2015

Legal Domicile

Principal Officer

TODD F SANTORO

Phone

5619097689

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF PROFESSIONAL FARRIERS INC, founded in 2015, is a small nonprofit that reported $189K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $64K, a strong 34% operating margin.

Mission

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

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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 $8,875

Program Service Revenue $154,589

Investment Income $4

Other Revenue $25,968

TOTAL REVENUE $189,436

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $117,728

TOTAL EXPENSES $125,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,436	$216,654	-0.1%
Expenses	$125,728	$164,859	-0.2%
Net Income	$63,708	$51,795	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD F SANTORO	PRESIDENT	1.00	Officer Director	$0	$0	$0
LESTER J YODER	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE BAGLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EVA CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JEREMEY LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
DOUG WERKMAN	VICE PRESIDENT (RESIGNED 2/1/23)	1.00	Officer Director	$0	$0	$0
MIKE STINE	DIRECTOR	1.00	Director	$0	$0	$0
CLINT LOOMIS	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	$189,436	$125,728	$191,016	$63,708
2022	$216,654	$164,859	$183,384	$51,795
2021	$217,433	$191,786	$126,862	$25,647

INTERNATIONAL ASSOCIATION OF PROFESSIONAL FARRIERS INC