Kentucky Quarter Horse Promotion Assoc Inc (EIN 611139975) - 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

1988

Legal Domicile

Phone

8883675742

Tax Period

2023-01-01 to 2023-12-31

Kentucky Quarter Horse Promotion Assoc Inc, founded in 1988, is a small nonprofit that reported $222K in total revenue in fiscal year 2023. Expenses of $210K left a modest 5% surplus.

Mission

To promote & protect the interest of the quarter horse in Kentucky; Promote breeding of Kentucky bred quarter horses

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,872

Program Service Revenue $180,112

Investment Income $20,898

Other Revenue $0

TOTAL REVENUE $221,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,877

Other Expenses $210,203

TOTAL EXPENSES $210,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,882	$209,171	+0.1%
Expenses	$210,203	$184,391	+0.1%
Net Income	$11,679	$24,780	-0.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Larry Bailey	Director	Director	$0	$0	$0
Judy English	Director	Director	$0	$0	$0
Lorraine A Luba DVM	Director	Director	$0	$0	$0
Crystal Metten	Director	Director	$0	$0	$0
Lydia Watkins	Director	Director	$0	$0	$0
Melanie Fransen	Director	Director	$0	$0	$0
Erica Barnes	Director	Director	$0	$0	$0
Bradley Boyd	Director	Director	$0	$0	$0
Bradley Beauchamp	Director	Director	$0	$0	$0
Paul Coffey	Director	Director	$0	$0	$0
Jeff Ohler	President	Officer	$0	$0	$0
Lori Vowels	Treasurer	Officer	$0	$0	$0
Bob Coleman	Secretary	Officer	$0	$0	$0
Keith Kleine	President		$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
2023	$221,882	$210,203	$341,795	$11,679
2022	$209,171	$184,391	$330,116	$24,780
2021	$219,969	$206,871	$305,336	$13,098
2020	$172,811	$150,071	$292,238	$22,740
2019	$275,485	$252,229	$269,498	$23,256
2018	$262,283	$259,615	$246,242	$2,668

Kentucky Quarter Horse Promotion Assoc Inc