SOUTH CAROLINA QUARTER HORSE ASSOCIATION (EIN 571116155) - 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

1987

Legal Domicile

Principal Officer

CAREY READY

Phone

8036699095

Tax Period

2024-01-01 to 2024-12-31

SOUTH CAROLINA QUARTER HORSE ASSOCIATION, founded in 1987, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $266K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

PROMOTE THE SALE, BREEDING, EXHIBITION, AND WORKING ABILITIES OF THE AMERICAN QUARTER HORSE.

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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 $15,473

Program Service Revenue $249,482

Investment Income $855

Other Revenue $0

TOTAL REVENUE $265,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $265,878

Other Expenses $273,168

TOTAL EXPENSES $273,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,810	$343,082	-0.2%
Expenses	$273,168	$355,038	-0.2%
Net Income	$-7,358	$-11,956	-0.4%

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	Role	Reportable Comp	Other Comp	Total
JULIE KENNEDY	BOARD MEMBER	Director	$0	$0	$0
JOHN BURROWS	BOARD MEMBER	Director	$0	$0	$0
JENNIFER KUNKLE	BOARD MEMBER	Director	$0	$0	$0
JAKE HARTMAN	BOARD MEMBER	Director	$0	$0	$0
AMY JACKSON	BOARD MEMBER	Director	$0	$0	$0
ANGEL ONEAL	BOARD MEMBER	Director	$0	$0	$0
JOE WHITT	BOARD MEMBER	Director	$0	$0	$0
JEFFREY PAIT	DIRECTOR	Director	$0	$0	$0
NICHOLE VEASEY	SHOW MANAGER	Director	$0	$0	$0
CAREY READY	PRESIDENT	Officer Director	$0	$0	$0
TR POTTS	VICE PRESIDENT	Officer Director	$0	$0	$0
NICHOLAS JOYNER	TREASURER	Officer Director	$0	$0	$0
SAVANNA ROGERS	SECRETARY	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
2024	$265,810	$273,168	$38,787	$-7,358
2023	$343,082	$355,038	$44,420	$-11,956
2022	$359,253	$391,016	$59,769	$-31,763
2021	$351,968	$354,328	$87,957	$-2,360
2019	$253,950	$260,103	$63,918	$-6,153
2018	$283,299	$274,380	$70,072	$8,919

SOUTH CAROLINA QUARTER HORSE ASSOCIATION