KENTUCKY EQUINE MANAGEMENT INTERNS… - 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

1998

Legal Domicile

Principal Officer

BETH MCALLISTER

Phone

8592772512

Tax Period

2025-01-01 to 2025-12-31

KENTUCKY EQUINE MANAGEMENT INTERNSHIP PROGRAM INC, founded in 1998, is a small nonprofit in the Education sector that reported $436K in total revenue in fiscal year 2025. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 51% operating margin.

Mission

TO PROVIDE AN EDUCATIONAL PROGRAM THAT WILL ENABLE STUDENTS TO GAIN A HANDS-ON KNOWLEDGE OF THE EQUINE INDUSTRY AND APPLY WHAT THEY LEARN IN A CLASSROOM OUT ON A FARM EXPOSING THEM TO DAY-TO-DAY OPERATIONS OF A FARM AND THE OVERALL MANAGEMENT AND CARE OF HORSES ON A DAILY BASIS.

Program Service Accomplishments

Program 1

Expenses: $173,860 Revenue: $126,285

THE PROGRAM HOLDS TWO INTERSHIPS EACH YEAR TO PROVIDE STUDENTS HANDS-ON EXPERIENCE AND MANAGEMENT KNOWLEDGE OF THE THOROUGHBRED INDUSTRY. HOUSING IS PROVIDED AS A PART OF THIS PROGRAM AT NO COST TO THE INTERN TO ENHANCE THEIR EXPERIENCE ON THE FARM THROUGHOUT THEIR INTERNSHIP PERIOD MAKING THEM AVAILABLE TO EXPERIENCE AND PARTICIPATE IN ALL ACTIVITIES OF THE FARM. EXPENSES INCLUDE COST OF BOOKS, WEEKLY CLASS TIME, MONTHLY MEETINGS WITH KEY MEMBERS OF THE INDUSTRY, DIRECT HOUSING COSTS IF NOT PROVIDED BY THE FARMS, AND GROUP OUTINGS.

Program 2

Expenses: $14,552

THE PROGRAM PUBLISHES A SEMI-ANNUAL NEWSLETTER AND AN ANNUAL BROCHURE TO PROMOTE THE ONGOING DEVELOPMENT OF THE PROGRAM TO COLLEGES AND UNIVERSITIES THROUGHOUT THE U.S. AND TO KEEP SUPPORTING FARMS, ORGANIZATIONS AND ALUMNI ABREAST OF THE ACTIVITIES OF THE PROGRAM TO ENHANCE ONGOING PARTICIPATION.

Program 3

Expenses: $2,112

THE ORGANIZATION MAINTAINS A WEBSITE TO PROMOTE ENROLLMENT BY KEEPING EVERYONE ASSOCIATED WITH THE PROGRAM CURRENT WITH REGARD TO THE STATUS OF INTERNS, ALUMNI AND DEVELOPMENT AND ACTIVITIES OF THE PROGRAM. THE WEBSITE ALSO PROVIDES ENROLLMENT INFORMATION AND REQUIREMENTS TO STUDENTS INTERESTED IN THE PROGRAM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $304,500

Program Service Revenue $126,285

Investment Income $5,450

Other Revenue $0

TOTAL REVENUE $436,235

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $119,446

Fundraising Expenses $0

Program Expenses $191,524

Other Expenses $91,616

TOTAL EXPENSES $212,062

Year-over-Year Comparison

	2025	2024	Change
Revenue	$436,235	$183,213	+1.4%
Expenses	$212,062	$210,338	+0.0%
Net Income	$224,173	$-27,125	-9.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNIE SNELLINGS	PRESIDENT	2.00	Officer Director	$0	$0	$0
RANDY GILBERT	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
DR LAURIE LAWRENCE	SECRETARY	2.00	Officer Director	$0	$0	$0
JACKIE SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BETH MCALLISTER	TREASURER	2.00	Officer Director	$0	$0	$0
DANIELLE AUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN CONLON	DIRECTOR	2.00	Director	$0	$0	$0
CAITLYN FLETCHER DVM	DIRECTOR	2.00	Director	$0	$0	$0
JOHN RASMUSSEN	DIRECTOR	2.00	Director	$0	$0	$0
COOPER SAWYER	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN SMYTH	DIRECTOR	2.00	Director	$0	$0	$0
ADRIAN WALLACE	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN WOJCZYNSKI	DIRECTOR	2.00	Director	$0	$0	$0
GARRETT O'ROURKE	DIRECTOR EMERITUS	2.00	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	$436,235	$212,062	$374,207	$224,173
2024	No data	No data	No data	No data
2023	$133,108	$208,910	$177,688	$-75,802
2022	$126,772	$210,479	$253,397	$-83,707
2021	$159,219	$175,061	$337,232	$-15,842
2020	$179,160	$153,209	$352,628	$25,951
2019	$164,297	$216,136	$326,529	$-51,839
2018	$221,083	$214,232	$377,810	$6,851

KENTUCKY EQUINE MANAGEMENT INTERNSHIP PROGRAM INC