AMERICAN FARRIERS ASSOCIATION INC

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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

1971

Legal Domicile

Principal Officer

HANK CHISHOLM

Phone

8592337411

Tax Period

2024-07-01 to 2025-06-30

AMERICAN FARRIERS ASSOCIATION INC, founded in 1971, is a small nonprofit in the Education sector that reported $926K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $875K left a modest 6% surplus.

Mission

THE AMERICAN FARRIER'S ASSOCIATION WAS ESTABLISHED TO IMPROVE THE WELFARE OF THE HORSE THROUGH CONTINUING FARRIER EDUCATION, FURTHER THE PROFESSIONAL DEVELOPMENT OF FARRIERS AND TO PROVIDE LEADERSHIP AND RESOURCES FOR THE BENEFIT OF THE FARRIER INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $763,402

AS AN INTERNATIONALLY RECOGNIZED ORGANIZATION OF FARRIERS THE AFA CURRENTLY HAS MEMBERS IN ALL 50 STATES, AS WELL AS IN 13 ADDITIONAL COUNTRIES. THE LARGEST PROGRAM SERVICE IS IN MEMBERSHIP DUES...

AS AN INTERNATIONALLY RECOGNIZED ORGANIZATION OF FARRIERS THE AFA CURRENTLY HAS MEMBERS IN ALL 50 STATES, AS WELL AS IN 13 ADDITIONAL COUNTRIES. THE LARGEST PROGRAM SERVICE IS IN MEMBERSHIP DUES. CATEGORIES OF MEMBERSHIP INCLUDE REGULAR, ASSOCIATE, STUDENT CHAPTER, LIFETIME AND HONORARY. THE FOUNDATION OF THE AFA IS ITS VOLUNTARY CERTIFICATION PROGRAM. FARRIERS ARE PROVIDED THE OPPORTUNITY TO TEST AT VARIOUS LEVELS TO RECEIVE CERTIFICATION. ANNUALLY OVER 500 FARRIERS PARTICIPATE AT CERTIFICATION SITES ACROSS THE US AND CANADA. MEMBERSHIP ALSO PROVIDES EDUCATIONAL OPPORTUNITIES FOR FARRIERS TO ATTEND PRE-CERTIFICATION WORKSHOPS. MEMBERS ALSO RECEIVE THE BENEFITS OF AN AD&D INSURANCE POLICY AS PART OF THEIR MEMBERSHIP.

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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 $408,483

Program Service Revenue $508,917

Investment Income $2,038

Other Revenue $6,066

TOTAL REVENUE $925,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,238

Fundraising Expenses $0

Program Expenses $763,402

Other Expenses $654,273

TOTAL EXPENSES $874,511

Year-over-Year Comparison

	2024	2023	Change
Revenue	$925,504	$807,077	+0.1%
Expenses	$874,511	$800,952	+0.1%
Net Income	$50,993	$6,125	+7.3%

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

$98,533

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA JONES	Executive Dir.	40.00	Director	$98,533	$0	$98,533
HANK CHISHOLM	President	1.00	Officer Director	$0	$0	$0
SAM DURHAM	Director	1.00	Director	$0	$0	$0
WES SHARP	Director	1.00	Director	$0	$0	$0
CLAUDE LYMAN	Director	1.00	Director	$0	$0	$0
JAKE STONEFIELD	Director	1.00	Director	$0	$0	$0
VERN POWELL	Director	1.00	Director	$0	$0	$0
KENNY HOYLE	Director	1.00	Director	$0	$0	$0
PAT HALL	Director	1.00	Director	$0	$0	$0
ADAM FAHR	Director	1.00	Director	$0	$0	$0
TOBIAS ELLIS	Director	1.00	Director	$0	$0	$0
KAYLA SHEPHERD	Director	1.00	Director	$0	$0	$0
ELIZABETH LORDAN	Director	1.00	Director	$0	$0	$0
MARCUS WISE	Director	1.00	Director	$0	$0	$0
JACOB MANNING	Vice President	1.00	Officer Director	$0	$0	$0
MATT HILLEGAS	Director	1.00	Director	$0	$0	$0
DANIEL JONES	Secretary	1.00	Officer Director	$0	$0	$0
MIKE LICATA	Director	1.00	Director	$0	$0	$0
TRI ELLERBEE	Treasurer	1.00	Officer Director	$0	$0	$0
BRIAN STRELOW	Director	1.00	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	$925,504	$874,511	$421,039	$50,993
2024	$807,077	$800,952	$357,154	$6,125
2023	$776,457	$746,237	$322,282	$30,220
2022	$721,396	$763,071	$292,075	$-41,675
2021	$484,053	$425,637	$339,261	$58,416
2020	$566,594	$577,482	$269,369	$-10,888
2019	$622,497	$617,062	$287,223	$5,435