SOUTHEASTERN REINING HORSE ASSOC (EIN 561991833) - 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

1996

Legal Domicile

Principal Officer

JESSE CHASE

Phone

2523053610

Tax Period

2024-01-01 to 2024-12-31

SOUTHEASTERN REINING HORSE ASSOC, founded in 1996, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 169% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 5% surplus.

Mission

SOUTHEASTERN REINING HORSE ASSOCIATION (SERHA)IS AN ORGANIZATION THAT PROMOTES AND EDUCATES PEOPLE ABOUT THE SPORT OF REINING BY HOSTING SHOWS, CLINICS, AND A YEAR-END AWARDS BANQUET IN THE SOUTHEASTERN UNITED STATES. WE ARE AN AFFILIATE OF THE NRHA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,917

Program Service Revenue $1,110,244

Investment Income $0

Other Revenue $1,793

TOTAL REVENUE $1,130,954

Expense Breakdown

Grants Paid $4,911

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,065,012

Other Expenses $1,065,377

TOTAL EXPENSES $1,070,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,130,954	$420,902	+1.7%
Expenses	$1,070,288	$399,688	+1.7%
Net Income	$60,666	$21,214	+1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE CHASE	PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN RAPIER	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
CRIS SCHMANKE	TREASURER	2.00	Officer Director	$0	$0	$0
ELIZABETH RAPIER	SECRETARY	0.50	Officer 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	No data	No data	No data	No data
2024	$1,130,954	$1,070,288	$164,045	$60,666
2023	$420,902	$399,688	$103,379	$21,214
2022	$417,232	$428,031	$83,334	$-10,799
2021	$284,442	$252,217	$92,964	$32,225
2020	$222,947	$201,509	$60,739	$21,438
2019	$191,286	$178,078	$39,356	$13,208
2018	$181,556	$176,948	$26,093	$4,608

SOUTHEASTERN REINING HORSE ASSOC