NORTH CAROLINA HORSE COUNCIL

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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

1998

Legal Domicile

Principal Officer

TOM THOMAS

Phone

9198541990

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA HORSE COUNCIL, founded in 1998, is a small nonprofit that reported $377K in total revenue in fiscal year 2023. Expenses of $438K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE NORTH CAROLINA HORSE COUNCIL IS A NONPROFIT AGRICULTURAL ORGAINZATION CREATED FOR THE PURPOSE OF ENCOURAGING, PROMOTING, AND DEVELOPING THE HORSE INDUSTRY IN NORTH CAROLINA.

Program Service Accomplishments

Program 1

GENERAL PROMOTION AND SAFEGUARDING OF HORSE INDUSTRY IN NC.

Program 2

THE COUNCIL WORKED ON ISSUES SURROUNDING AGRICULTURAL USE TAX AND GRAZING FEES, ABANDONMENT OF LIVESTOCK AND REMEDIES FOR BREEDING AND BOARDING FACILITIES AS WELL AS ASSISTING EQUINE THERAPEUTIC...

THE COUNCIL WORKED ON ISSUES SURROUNDING AGRICULTURAL USE TAX AND GRAZING FEES, ABANDONMENT OF LIVESTOCK AND REMEDIES FOR BREEDING AND BOARDING FACILITIES AS WELL AS ASSISTING EQUINE THERAPEUTIC RIDING FACILITIES WITH BUILDING CODE ISSUES. THE COUNCIL PARTICIPATED IN MULTIPLIE EQUINE EVENTS AND PROGRAMS THROUGHOUT THE STATE.

Program 3

RESEARCH AND EDUCATION FUNDING TO BENEFIT HORSE INDUSTRY AND HORSE OWNERS IN NC.

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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 $373,593

Program Service Revenue $0

Investment Income $102

Other Revenue $3,713

TOTAL REVENUE $377,408

Expense Breakdown

Grants Paid $68,172

Salaries & Benefits $189,159

Fundraising Expenses $0

Other Expenses $180,209

TOTAL EXPENSES $437,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,408	$353,786	+0.1%
Expenses	$437,540	$471,045	-0.1%
Net Income	$-60,132	$-117,259	-0.5%

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

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

$98,760

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE GRAY	EXECUTIVE DI	40.00	Officer	$92,975	$5,785	$98,760
TOM THOMAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT SANFORD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JIM THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
SAMMY JENKINS	PAST PRESIDE	1.00	Director	$0	$0	$0
TINA BATCHELOR	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER BOODY	DIRECTOR	1.00	Director	$0	$0	$0
DOTTIE BURCH	DIRECTOR	1.00	Director	$0	$0	$0
SCOTTIE CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN HARPER	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA MOBLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY MYERS	DIRECTOIR	1.00	Director	$0	$0	$0
AMY OBERMILER	DIRECTOR	1.00	Director	$0	$0	$0
RICK PENISTON	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY PETTY	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY SCHELTINGA	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
CAREY STEWART	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE WOOD	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	$377,408	$437,540	$275,544	$-60,132
2022	$353,786	$471,045	$358,731	$-117,259
2022	$383,882	$471,045	$358,731	$-87,163
2021	$317,170	$431,655	$418,370	$-114,485
2020	$363,238	$387,520	$531,713	$-24,282
2019	$613,379	$416,131	$564,510	$197,248
2018	$484,528	$290,099	$355,340	$194,429