ARKANSAS QUARTER HORSE ASSOCIATION (EIN 581613816) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Jerry Beaty

Phone

5012589405

Tax Period

2024-01-01 to 2024-12-31

ARKANSAS QUARTER HORSE ASSOCIATION, founded in 1984, is a micro nonprofit that reported $48K in total revenue in fiscal year 2018. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $54K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROMOTING AMERICAN QUARTER HORSE IN ARKANSAS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,040

Program Service Revenue $202,251

Investment Income $4,027

Other Revenue $0

TOTAL REVENUE $210,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,182

Fundraising Expenses $0

Other Expenses $189,729

TOTAL EXPENSES $195,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,318	$143,291	+0.5%
Expenses	$195,911	$148,896	+0.3%
Net Income	$14,407	$-5,605	-3.6%

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

Volunteers

100

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

$5,700

Total Directors

$9,678

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andi Ridgway	Director	1.00	Director	$3,978	$0	$3,978
Rhonda Williams	Director	1.00	Director	$0	$0	$0
Terry Parker	Director	1.00	Director	$0	$0	$0
Mark Russell	President	1.00	Officer Director	$0	$0	$0
Janice Thessing	Director	1.00	Director	$0	$0	$0
Julie Crossland	Director	1.00	Director	$0	$0	$0
David Jones	Director	1.00	Director	$0	$0	$0
Debbie Arnold	Director	1.00	Director	$0	$0	$0
Jerry Beaty	Secretary	10.00	Officer Director Highest	$5,700	$0	$5,700
Jerry Fuller	First Vice President	1.00	Officer Director	$0	$0	$0
Brian Brady	Second Vice President	1.00	Officer Director	$0	$0	$0
Mark Dunham	Director	1.00	Director	$0	$0	$0
Angela Newton	Director	1.00	Director	$0	$0	$0
Doug Smith	Director	1.00	Director	$0	$0	$0
Lynn Cornelius	Director	1.00	Director	$0	$0	$0
Summer Gerald	Director	1.00	Director	$0	$0	$0
John Smith	Director	1.00	Director	$0	$0	$0
Laura Walker	Director	1.00	Director	$0	$0	$0
Darrell Jones	Youth Director	1.00	Director	$0	$0	$0
Ashley Jones	Youth 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
2025	No data	No data	No data	No data
2024	$210,318	$195,911	$91,619	$14,407
2023	$143,291	$148,896	$77,471	$-5,605
2022	$91,602	$98,370	$83,077	$-6,768
2021	$128,704	$137,746	$89,845	$-9,042
2020	$31,333	$27,464	$98,628	$3,869
2019	$54,646	$41,768	$94,753	$12,878
2018	$47,785	$54,227	$81,852	$-6,442

ARKANSAS QUARTER HORSE ASSOCIATION