NATIONAL SNAFFLE BIT ASSOCIATION I… - Form 990 Financial Data

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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

STEPHANIE LYNN

Phone

8476236722

Tax Period

2024-01-01 to 2024-12-31

NATIONAL SNAFFLE BIT ASSOCIATION INC, founded in 1983, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024.

Mission

The mission of the National Snaffle Bit Association, Inc. is to grow the show horse community through various equine program and events where every activity benefits horses, breeders, owners and exhibitors alike.

Program Service Accomplishments

Program 1

NSBA World Championship Show - NSBAs capstone event that promotes and celebrates NSBA members and their achievements, drives membership and participation at shows throughout the year.

Program 2

Breeders Championship Futurity - a comprehensive program designed to appeal to breeders, owners, trainers, and exhibitors alike by offering a full slate of classes and paybacks available only to...

Breeders Championship Futurity - a comprehensive program designed to appeal to breeders, owners, trainers, and exhibitors alike by offering a full slate of classes and paybacks available only to offspring of participating stallions. BCF eligible offspring compete for an annual purse of over $300,000 in offered classes from yearlings through six-years old. BCF nominated horses are also allowed to participate in the NSBAs BCF Yearling Sale held each year in conjunction with the NSBA World Championship Show and Breeders Championship Futurity.

Program 3

Incentive Fund - a breeders program that encourages participation by offering enrolled horses a cash dividend for NSBA points earned in Open and Amateur Dual Approved and Special Event classes...

Incentive Fund - a breeders program that encourages participation by offering enrolled horses a cash dividend for NSBA points earned in Open and Amateur Dual Approved and Special Event classes 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 (2024)

Revenue Breakdown

Contributions & Grants $10,300

Program Service Revenue $6,673,377

Investment Income $382,352

Other Revenue $281,827

TOTAL REVENUE $7,347,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,181,717

Fundraising Expenses $0

Other Expenses $5,974,349

TOTAL EXPENSES $7,156,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,347,856	$7,467,896	0.0%
Expenses	$7,156,066	$7,136,942	+0.0%
Net Income	$191,790	$330,954	-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

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

$176,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE LYNN	Executive Dir.	40.00	Officer	$171,002	$5,408	$176,410
NICOLE BARNES	DIR SALES TWTG	40.00		$114,746	$0	$114,746
CHRISTOPHER HERNANDEZ	IT MANAGER	40.00		$103,225	$3,096	$106,321
MIKE HACHTEL	Director	0.25	Director	$0	$0	$0
CHARLES CANNIZZARO	IMM PAST PRES	0.25	Officer Director	$0	$0	$0
KEVIN DUKES	President	2.00	Officer Director	$0	$0	$0
PHIL HARRIS	PRESIDENT-ELECT	0.25	Officer Director	$0	$0	$0
MICHAEL TIDWELL	VP/TREASURER	0.25	Officer Director	$0	$0	$0
RICH CARR	Vice President	0.25	Officer Director	$0	$0	$0
LORI BUCHOLZ	Director	0.25	Director	$0	$0	$0
COLE BAKER	Director	0.25	Director	$0	$0	$0
DENTON DEBUHR	Director	0.25	Director	$0	$0	$0
PATTY CAMPBELL	Director	0.25	Director	$0	$0	$0
CHRIS JONES	Director	0.25	Director	$0	$0	$0
ADAM DAURIO	Director	0.25	Director	$0	$0	$0
MEGAN HUNT	Director	0.25	Director	$0	$0	$0
KRISTY STARNES	Director	0.25	Director	$0	$0	$0
JULIE MARWEG	Director	0.25	Director	$0	$0	$0
DEAN BOGART	Director	0.25	Director	$0	$0	$0
LAINA BANKS	Director	0.25	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	$7,347,856	$7,156,066	$6,370,337	$191,790
2023	$7,467,896	$7,136,942	$6,238,278	$330,954
2023	$7,496,096	$7,165,142	$6,238,278	$330,954
2022	$6,575,627	$6,098,657	$5,863,990	$476,970
2021	$6,573,623	$5,509,911	$5,309,786	$1,063,712
2020	$4,897,679	$4,401,828	$3,777,318	$495,851
2019	$4,551,040	$4,189,838	$3,132,405	$361,202
2018	$4,215,760	$3,791,100	$2,619,719	$424,660

NATIONAL SNAFFLE BIT ASSOCIATION INC