VIRGINIA HORSE CENTER FOUNDATION

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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

1984

Legal Domicile

Principal Officer

STEPHEN SHANK

Phone

5404642950

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA HORSE CENTER FOUNDATION, founded in 1984, is a community nonprofit in the Recreation & Sports sector that reported $7.4M in total revenue in fiscal year 2023. Expenses of $6.6M left a modest 10% surplus.

Mission

WORLD CLASS FACILITY HOSTING REGIONAL, NATIONAL & INTERNATIONAL EQUESTRIAN EVENTS THAT ENVISIONS A UNIQUE, BUCOLIC LANDMARK TO HONOR AND CELEBRATE THE TIMELESS, SPECIAL BOND BETWEEN MANKIND AND THE HORSE THROUGH SAFE, FAIR, AND SPIRITED EQUESTRIAN COMPETITION.

Program Service Accomplishments

Program 1

Expenses: $4,902,546 Revenue: $4,699,493

HORSE SHOWS, CLINICS AND OTHER EVENTS FOR HUNTER/JUMPERS, ARABIANS, THOROUGHBREDS AND OTHER BREEDS AND DISCIPLINES. THE SHOWS ARE RECOGNIZED BY MANY NATIONAL EQUINE GROUPS, INCLUDING THE UNITED...

HORSE SHOWS, CLINICS AND OTHER EVENTS FOR HUNTER/JUMPERS, ARABIANS, THOROUGHBREDS AND OTHER BREEDS AND DISCIPLINES. THE SHOWS ARE RECOGNIZED BY MANY NATIONAL EQUINE GROUPS, INCLUDING THE UNITED STATES EQUESTRIAN FEDERATION, AND SERVE COMPETITORS FROM A LARGE GEOGRAPHICAL AREA. FACILITY AND SHOW OPERATIONS--THE VIRGINIA HORSE CENTER IS A 573 ACRE STATE OF THE ART ENVIRONMENT FOR HORSE SHOWS AND OTHER EVENTS. THERE ARE CURRENTLY EIGHT BARNS TO ACCOMODATE 750 HORSES IN PERMANENT STABLING. APPROXIMATELY 1200 HORSES CAN BE ACCOMODATED IN PERMANENT AND TEMPORARY STABLING. THEIR PROXIMITY TO A 4,000 SEAT INDOOR COLISEUM ALLOWS THE EVENT CALENDAR TO EXTEND THROUGHOUT THE YEAR. THE CENTER HAS TWO LARGE ARENAS, ONE OF WHICH IS OLYMPIC LEVEL AND TWO CROSS-COUNTRY COURSES, INCLUDING FEI (INTERNATIONAL) LEVEL COURSES.

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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 $2,640,213

Program Service Revenue $4,245,917

Investment Income $19,504

Other Revenue $453,576

TOTAL REVENUE $7,359,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,766,355

Fundraising Expenses $291,890

Program Expenses $4,902,546

Other Expenses $4,863,267

TOTAL EXPENSES $6,629,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,359,210	$7,159,672	+0.0%
Expenses	$6,629,622	$6,523,306	+0.0%
Net Income	$729,588	$636,366	+0.1%

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

Governance

Voting Members

Independent Members

Employees

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

$155,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY MILLER	TREASURER	2.00	Officer Director	$0	$0	$0
ALAN LOHMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE BOOTH	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER WYNNE	DIRECTOR	1.00	Director	$0	$0	$0
GARDNER L BLOEMERS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA POLAN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM C HEIZER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MASON HORSLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNETH WHEELER JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN ROSS	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH HEISLEY BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
BROOKS CUSHMAN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LANDS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA RUSSILLO	DIRECTOR	1.00	Director	$0	$0	$0
DUDLEY MACFARLANE	DIRECTOR	1.00	Director	$0	$0	$0
OWEN WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SHANK	CHIEF EXECUTIVE OFFICER	40.00	Officer	$24,538	$0	$24,538
GLENN T PETTY	FORMER CHIEF EXECUTIVE OFFICER	40.00	Officer	$131,250	$0	$131,250

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
2025	No data	No data	No data	No data
2024	$7,359,210	$6,629,622	$22,513,336	$729,588
2023	$7,159,672	$6,523,306	$22,132,207	$636,366
2022	$6,089,538	$5,718,532	$21,949,749	$371,006
2021	$7,179,611	$5,781,092	$22,056,482	$1,398,519
2020	$5,566,172	$4,088,394	$21,366,738	$1,477,778
2019	$4,960,184	$5,116,202	$19,657,405	$-156,018