OCALA PASO FINO HORSE ASSOCIATION … - 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

1978

Legal Domicile

Principal Officer

GLADYMAR VRKIC

Phone

8136109031

Tax Period

2024-10-01 to 2025-09-30

OCALA PASO FINO HORSE ASSOCIATION INC, founded in 1978, is a micro nonprofit that reported $11K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $57K exceeded revenue, resulting in a 410% operating deficit.

Mission

TO PROTECT AND PROMOTE THE BEST INTERESTS AND WELFARE OF THE PASO FINO HORSE. TO PROTECT AND MAINTAIN THE INTEGRITY OF THE REGISTRY, THE NATURAL CHARACTERISTICS AND HERITAGE OF THE PASO FINO HORSE. TO PROMOTE AND ENHANCE THE APPEAL AND VERSATILITY OF THE PASO FINO HORSE; AND TO PROVIDE SUPPORT TO OUR MEMBERS.

Program Service Accomplishments

Program 1

PROMOTE PASO FINO BREED, MAINTAIN BREED STANDARDS

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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 $75,500

Program Service Revenue $0

Investment Income $0

Other Revenue $-64,321

TOTAL REVENUE $11,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $18,742

Other Expenses $56,966

TOTAL EXPENSES $56,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,179	$42,162	-0.7%
Expenses	$56,966	$28,766	+1.0%
Net Income	$-45,787	$13,396	-4.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGEL LOPEZ	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JULIA SUAREZ	DIRECTOR	N/A	Director	$0	$0	$0
DENISE VANNESS	DIRECTOR	N/A	Director	$0	$0	$0
EVELINA VELEZ	SECRETARY	N/A	Officer Director	$0	$0	$0
LUIS GUILLERMO GONZALEZ VELEZ	PRESIDENT	N/A	Officer Director	$0	$0	$0
GLADYMAR VRKIC	TREASURER	N/A	Officer Director	$0	$0	$0
AMY YARBROUGH	DIRECTOR	N/A	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	$11,179	$56,966	$130,189	$-45,787
2024	$42,162	$28,766	$175,977	$13,396
2023	$91,144	$38,758	$162,581	$52,386
2022	$52,328	$51,824	$110,195	$504
2021	$12,063	$36,807	$109,691	$-24,744
2020	$42,490	$23,358	$134,435	$19,132
2018	$32,160	$22,425	$100,931	$9,735

OCALA PASO FINO HORSE ASSOCIATION INC