AREA 18 CUTTING HORSE ASSOC INC (EIN 570946537) - 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

1983

Legal Domicile

Principal Officer

JEFF FEHRMAN

Phone

7067335449

Tax Period

2022-01-01 to 2022-12-31

AREA 18 CUTTING HORSE ASSOC INC, founded in 1983, is a small nonprofit that reported $786K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO PROMOTE CUTTING HORSE SHOWS BY SPONSORING HORSE SHOWS THROUGHOUT THE YEAR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $28,630

Program Service Revenue $757,476

Investment Income $0

Other Revenue $0

TOTAL REVENUE $786,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $513,548

TOTAL EXPENSES $811,793

Year-over-Year Comparison

	2022	2021	Change
Revenue	$786,106	$681,426	+0.2%
Expenses	$811,793	$691,332	+0.2%
Net Income	$-25,687	$-9,906	+1.6%

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

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
WALT ERWIN	OFFICER	1.00	Director	$0	$0	$0
MARK SENN	OFFICER	1.00	Director	$0	$0	$0
DOUG VARNADORE	OFFICER	1.00	Director	$0	$0	$0
JEFF FEHRMAN	OFFICER	2.00	Officer	$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	No data	No data	No data	No data
2022	$786,106	$811,793	$31,511	$-25,687
2021	$681,426	$691,332	$57,198	$-9,906
2020	$528,165	$517,058	$67,104	$11,107

AREA 18 CUTTING HORSE ASSOC INC