ARK HORSEMENS BENEVOLENT & PROTECTIVE ASSN INC (EIN 582098793) - 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

1993

Legal Domicile

Principal Officer

BILL WALMSLEY

Phone

5016237641

Tax Period

2024-01-01 to 2024-12-31

ARK HORSEMENS BENEVOLENT & PROTECTIVE ASSN INC is a small nonprofit that reported $233K in total revenue in fiscal year 2018. Expenses of $205K left a modest 12% surplus.

Mission

BENEVOLENCE

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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 $896,040

Program Service Revenue $0

Investment Income $80,653

Other Revenue $0

TOTAL REVENUE $976,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,785

Fundraising Expenses $0

Program Expenses $618,429

Other Expenses $522,644

TOTAL EXPENSES $618,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$976,693	$808,395	+0.2%
Expenses	$618,429	$482,451	+0.3%
Net Income	$358,264	$325,944	+0.1%

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

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

$58,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANETTE MILLIGAN	EXECUTIVE DIRECTOR	40.00	Director	$58,154	$0	$58,154
WILLIAM JINKS FIRES	DIRECTOR-TRAINER	0.00	Director	$0	$0	$0
STATON FLURRY	DIRECTOR-OWNER	0.00	Director	$0	$0	$0
STEVE HOBBY	DIRECTOR-TRAINER	0.00	Director	$0	$0	$0
RON MOQUETT	DIRECTOR-TRAINER	0.00	Director	$0	$0	$0
ROBERT TUCKER	DIRECTOR-OWNER	0.00	Director	$0	$0	$0
GARY WOODALL	DIRECTOR-OWNER	0.00	Director	$0	$0	$0
SARA PATTERSON	DIRECTOR-OWNER	0.00	Director	$0	$0	$0
JOE RAGSDALE	DIRECTOR-OWNER	0.00	Director	$0	$0	$0
STEVE ASMUSSEN	DIRECTOR-TRAINER	0.00	Director	$0	$0	$0
THOMAS VANCE	DIRECTOR-TRAINER	0.00	Director	$0	$0	$0
BILL WALMSLEY	PRESIDENT	0.00	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	$976,693	$618,429	$2,034,536	$358,264
2023	$808,395	$482,451	$1,676,762	$325,944
2022	$686,961	$550,722	$1,304,411	$136,239
2021	$561,178	$303,272	$1,166,909	$257,906
2020	$500,385	$298,999	$908,588	$201,386
2019	$265,732	$131,685	$407,147	$134,047
2018	$233,096	$204,784	$273,100	$28,312

ARK HORSEMENS BENEVOLENT & PROTECTIVE ASSN INC