KENTUCKY REINING HORSE ASSOCIATION (EIN 611317646) - 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

2008

Legal Domicile

Principal Officer

KATHY LOPP

Phone

5026480353

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY REINING HORSE ASSOCIATION, founded in 2008, is a small nonprofit in the Animal-Related sector that reported $324K in total revenue in fiscal year 2023.

Mission

DEVELOPMENT OF AND PUBLIC INTEREST IN AGRICULTURE AND RANCHING THROUGH THE PROMOTION OF PUBLIC REINING HORSE SHOWS, AS WELL AS DEVELOPING AND DISSEMINATING INFORMATIONAL MATERIALS DEEMED DESIRABLE TO PROVIDE CONTESTANTS AND SPECTATORS A BETTER UNDERSTANDING OF A PROPER PERFORMANCE OF THE REINING HORSE IN THE SHOW AREA.

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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 $30,888

Program Service Revenue $292,776

Investment Income $0

Other Revenue $0

TOTAL REVENUE $323,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $306,268

Other Expenses $320,030

TOTAL EXPENSES $320,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,664	$335,218	0.0%
Expenses	$320,030	$298,110	+0.1%
Net Income	$3,634	$37,108	-0.9%

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

$1,062

Total Directors

$6,983

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
POLLY HILLIARD	DIRECTOR	2.00	Director	$4,108	$0	$4,108
MARSHA MCREYNOLDS	DIRECTOR	2.00	Director	$0	$0	$0
ANGIE LOECHEL	DIRECTOR	2.00	Director	$2,875	$0	$2,875
MICHELE FORD	DIRECTOR	2.00	Director	$0	$0	$0
CALEB FRAZEE	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH CHUNGLO	DIRECTOR	2.00	Director	$0	$0	$0
NEZ WEBER	PRESIDENT	10.00	Officer	$0	$0	$0
AMY COLSTON	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MONICA STEPHENS	TREASURER	5.00	Officer	$1,062	$0	$1,062
ASHLEY COOK	SECRETARY/YOUTH DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$323,664	$320,030	$156,057	$3,634
2022	$335,218	$298,110	$152,423	$37,108
2021	$263,624	$246,440	$113,244	$17,184
2020	$242,022	$214,180	$102,162	$27,842
2019	$197,213	$194,717	$74,320	$2,496
2018	$240,873	$228,773	$71,824	$12,100

KENTUCKY REINING HORSE ASSOCIATION