American Saddle Horse Museum Association Inc

EIN: 616029614 501(c)(3) Arts, Culture & Humanities

Lexington, KY

Total Revenue
$363,749
Total Expenses
$779,610
Total Assets
$9,444,926
Net Assets
$9,404,164
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
KY
Principal Officer
Jennifer K Foster
Phone
8592592746
Tax Period
2023-01-01 to 2023-12-31

American Saddle Horse Museum Association Inc, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $364K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $780K exceeded revenue, resulting in a 114% operating deficit.

Mission

TO PRESERVE THE HISTORY OF THE AMERICAN SADDLEBRED HORSE FOR THE PURPOSE OF EDUCATION, PRESENTATION, DISPLAY AND DISSEMINATION OF SUCH RELATED INFORMATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $154,063
Program Service Revenue $2,304
Investment Income $47,975
Other Revenue $159,407
TOTAL REVENUE $363,749

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,051
Fundraising Expenses $36,169
Program Expenses $435,766
Other Expenses $481,559
TOTAL EXPENSES $779,610

Year-over-Year Comparison

2023 2022 Change
Revenue $363,749 $593,426 -0.4%
Expenses $779,610 $757,917 +0.0%
Net Income $-415,861 $-164,491 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
14
Volunteers
10

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
4
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Grace Arnold Board Member 1.00
Director
$0 $0 $0
Candi Covino Aversenti Member at Large 2.00
Director
$0 $0 $0
Deborah Butler Board Member 1.00
Director
$0 $0 $0
Rob Byers Board Member 1.00
Director
$0 $0 $0
Ann Simien Curl Board Member 1.00
Director
$0 $0 $0
Donna Finch Secretary 3.00
Officer Director
$0 $0 $0
Angela Herrin Board Member 1.00
Director
$0 $0 $0
Mary Jane Glasscock Kirkpatrick Treasurer 3.00
Officer Director
$0 $0 $0
Gail Kline Board Member 1.00
Director
$0 $0 $0
Keith Kurz Member at Large 3.00
Director
$0 $0 $0
Carolyn Melka Board Member 1.00
Director
$0 $0 $0
Ross Millin Board Member 1.00
Director
$0 $0 $0
Angela Mirabole Board Member 1.00
Director
$0 $0 $0
Diane Nyhammer Board Member 1.00
Director
$0 $0 $0
Amy Dix Rock First VP 3.00
Officer Director
$0 $0 $0
Mark Strong President 3.00
Officer Director
$0 $0 $0
Nancy Trent Board Member 1.00
Director
$0 $0 $0
Katie Dunn Jacobsen Board Member 1.00
Director
$0 $0 $0
Stacey Kipper-Perrelli Board Member 1.00
Director
$0 $0 $0
Chryse Veit Board Member 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
2024 No data No data No data No data
2023 $363,749 $779,610 $9,444,926 $-415,861
2022 $593,426 $757,917 $9,830,638 $-164,491
2021 $854,861 $629,441 $10,441,814 $225,420
2020 $1,335,797 $648,365 $10,560,701 $687,432
2019 $1,372,977 $693,790 $11,562,952 $679,187
2018 $735,860 $691,738 $9,357,685 $44,122
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