FLORIDA QUARTER HORSE ASSOCIATION (EIN 591474068) - 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

1945

Legal Domicile

Phone

9413213247

Tax Period

2024-01-01 to 2024-12-31

FLORIDA QUARTER HORSE ASSOCIATION, founded in 1945, is a small nonprofit that reported $771K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $723K left a modest 6% surplus.

Mission

THE ASSN AND ITS MEMBERS ARE ENGAGED IN THE COOPERATIVE ACTIVITY OF BREEDING PURE BRED QUARTER HORSES, BETTERING EXISTING TYPES AND STRAINS OF SUCH HORSES, PROMOTING THE BREEDING OF SUCH HORSES, PROCURING DESIRED PUBLICITY FOR SAME, AND HOLDING OR FOSTERING SHOWS FEATURING SUCH.

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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 $3,675

Program Service Revenue $761,945

Investment Income $2,326

Other Revenue $3,471

TOTAL REVENUE $771,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,612

Fundraising Expenses $0

Program Expenses $645,663

Other Expenses $658,191

TOTAL EXPENSES $722,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$771,417	$1,001,585	-0.2%
Expenses	$722,803	$1,050,827	-0.3%
Net Income	$48,614	$-49,242	-2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA BAUSMAN	SECRETARY TREASURER	40.00	Highest	$60,000	$0	$60,000
ANNE PRINCE	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED HEWITT	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE USOFF	DIRECTOR	1.00	Director	$0	$0	$0
AVERY LEFILS	DIRECTOR	1.00	Director	$0	$0	$0
RANDI STOCKDILL	DIRECTOR	1.00	Director	$0	$0	$0
TW GROSE	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA REPLOGLE	DIRECTOR	1.00	Director	$0	$0	$0
RANDI STOCKDILL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
TOM SCOTT	PRESIDENT AND DIRECTOR	3.00	Officer Director	$0	$0	$0
WENDY ZERMENO	VICE PRESIDENT AND DIRECTOR	2.00	Officer Director	$0	$0	$0
DON MCDUFFEE	2ND VICE PRESIDENT AND DIRECTOR	1.00	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	$771,417	$722,803	$631,744	$48,614
2023	$1,001,585	$1,050,827	$520,196	$-49,242
2022	$653,521	$625,191	$538,528	$28,330
2021	$613,454	$494,405	$461,328	$119,049
2020	$451,416	$428,962	$351,792	$22,454
2019	$411,067	$402,964	$196,193	$8,103
2018	$411,412	$409,554	$181,880	$1,858

FLORIDA QUARTER HORSE ASSOCIATION