VIRGINIA HORSE SHOWS ASSOCIATION INC (EIN 540473941) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

WALTER J LEE

Phone

5403490910

Tax Period

2024-12-01 to 2025-11-30

VIRGINIA HORSE SHOWS ASSOCIATION INC, founded in 1947, is a small nonprofit that reported $452K in total revenue in fiscal year 2017. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE VHSA IS AN ASSOCIATION OF SHOW AND INDIVIDUAL MEMBERS COOPERATING TO PROMOTE THE SPORT AND TO IMPROVE THE BREEDING OF HORSES IN THE COMMONWEALTH OF VIRGINIA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $102,412

Program Service Revenue $344,751

Investment Income $1

Other Revenue $2,139

TOTAL REVENUE $449,303

Expense Breakdown

Grants Paid $12,134

Salaries & Benefits $180,423

Fundraising Expenses $0

Program Expenses $350,766

Other Expenses $315,981

TOTAL EXPENSES $508,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$449,303	$485,980	-0.1%
Expenses	$508,538	$492,841	+0.0%
Net Income	$-59,235	$-6,861	+7.6%

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

2000

Independent Members

2000

Employees

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
ADA COSBY	DIRECTOR	1.00	Director	$0	$0	$0
BETTY R OARE	DIRECTOR	1.00	Director	$0	$0	$0
CAROL REEDY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WYNNE	DIRECTOR	1.00	Director	$0	$0	$0
CLYDE A POARCH	DIRECTOR	1.00	Director	$0	$0	$0
DEDE BACHE-SHUMATE	DIRECTOR	1.00	Director	$0	$0	$0
ELISE ROSCHEN	DIRECTOR	1.00	Director	$0	$0	$0
ERNEST M OARE	DIRECTOR	1.00	Director	$0	$0	$0
GORDON P REISTRUP	DIRECTOR	1.00	Director	$0	$0	$0
JAN SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JANE GASTON	DIRECTOR	1.00	Director	$0	$0	$0
JENNY GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
MEG RHODES	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY TRIMBLE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY PETERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
OLIVER BROWN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
PEG SEALS	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
SUE GROSSMANN	DIRECTOR	1.00	Director	$0	$0	$0
SULU ROSE REED	DIRECTOR	1.00	Director	$0	$0	$0
TARA BEST	DIRECTOR	1.00	Director	$0	$0	$0
WALTER J LEE	PRESIDENT	1.00	Officer Director	$0	$0	$0
WENDY MATHEWS	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM HOWLAND JR	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
2025	$449,303	$508,538	$157,745	$-59,235
2024	$485,980	$492,841	$217,209	$-6,861
2023	$487,272	$462,586	$224,846	$24,686
2022	$416,551	$354,003	$199,115	$62,548
2021	$395,224	$331,633	$135,795	$63,591
2020	$359,844	$391,269	$72,116	$-31,425
2019	$432,025	$465,194	$103,799	$-33,169
2018	$452,225	$457,727	$134,404	$-5,502

VIRGINIA HORSE SHOWS ASSOCIATION INC