TENNESSEE WALKING HORSE BREEDERS' AND EXHIBITORS' ASSOCIATION

EIN: 620382328

LEWISBURG, TN

Total Revenue
$1,632,137
Total Expenses
$1,560,291
Total Assets
$2,038,193
Net Assets
$1,531,706
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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
1935
Legal Domicile
TN
Principal Officer
MARK FARRAR
Phone
9313591574
Tax Period
2023-01-01 to 2023-12-31

TENNESSEE WALKING HORSE BREEDERS' AND EXHIBITORS' ASSOCIATION, founded in 1935, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 1199% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 4% surplus.

Mission

REGISTRATION AND PROMOTION OF TENNESSEE WALKING 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,129
Program Service Revenue $1,574,034
Investment Income $14,243
Other Revenue $15,731
TOTAL REVENUE $1,632,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $591,914
Fundraising Expenses $0
Program Expenses $884,325
Other Expenses $968,377
TOTAL EXPENSES $1,560,291

Year-over-Year Comparison

2023 2022 Change
Revenue $1,632,137 $125,690 +12.0%
Expenses $1,560,291 $266,765 +4.8%
Net Income $71,846 $-141,075 -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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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

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Governance

Voting Members
62
Independent Members
62
Employees
14
Volunteers
82

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
$112,500
Total Directors
83
$112,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES GLEGHORN DIRECTOR N/A
Director
$0 $0 $0
LINDA L ARNOLD DIRECTOR N/A
Director
$0 $0 $0
DARDEN GLADNEY DIRECTOR N/A
Director
$0 $0 $0
KELLEY CHAFFEE DIRECTOR N/A
Director
$0 $0 $0
JESSICA HLEBAK MAST DIRECTOR N/A
Director
$0 $0 $0
THOMAS KAKASSY VP/BYLAWS EN 1.00
Director
$0 $0 $0
DENISE BADER INTERNATIONA 1.75
Director
$0 $0 $0
ANN KING DIRECTOR 1.00
Director
$0 $0 $0
RONNIE VINCENT DIRECTOR N/A
Director
$0 $0 $0
DENNIS PENNINGTON DIRECTOR 0.50
Director
$0 $0 $0
BRADLEY PREWITT DIRECTOR N/A
Director
$0 $0 $0
ASHLEY WADSWORTH DIRECTOR N/A
Director
$0 $0 $0
DAVID W WILLIAMS DIRECTOR 23, N/A
Director
$0 $0 $0
WANDA GOODSON DIRECTOR 0.50
Director
$0 $0 $0
BOBBY JONES DIRECTOR N/A
Director
$0 $0 $0
KIM LEONARD DIRECTOR 0.50
Director
$0 $0 $0
LANCE MEISENHEIMER VP SHOW HORS 1.00
Director
$0 $0 $0
ETHLYN MONTGOMERY VP TRAIL & V 4.00
Director
$0 $0 $0
CHRIS PAYNE DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM STRICKLEND VP ADVOCACY N/A
Director
$0 $0 $0
NICOLE TOLLE DIRECTOR 2.00
Director
$0 $0 $0
SELLERS VEAZEY DIRECTOR N/A
Director
$0 $0 $0
GINGER EVANS DIRECTOR 0.50
Director
$0 $0 $0
MARGO URAD DIRECTOR N/A
Director
$0 $0 $0
JOHN L CALLICUTT DIRECTOR N/A
Director
$0 $0 $0
ROGER D RICHARDS DIRECTOR N/A
Director
$0 $0 $0
SAM SORRELL DIRECTOR N/A
Director
$0 $0 $0
FRANCES BATES DIRECTOR N/A
Director
$0 $0 $0
KEEGAN MEADOWS DIRECTOR N/A
Director
$0 $0 $0
SHERRIE SZUCS DIRECTOR 0.50
Director
$0 $0 $0
BOBBY BEECH DIRECTOR N/A
Director
$0 $0 $0
KIM BENNETT DIRECTOR 1.00
Director
$0 $0 $0
JACK HEFFINGTON PAST PRESIDE N/A
Director
$0 $0 $0
MELANIE LAWRENCE VP MARKETING 5.00
Director
$0 $0 $0
THOM MEEK VP TRAINERS 5.00
Director
$0 $0 $0
JOYCE MOYER ADMIN/FISCAL N/A
Director
$0 $0 $0
KRISTEN REICHARD DIRECTOR N/A
Director
$0 $0 $0
SCOTT BARKER DIRECTOR N/A
Director
$0 $0 $0
BRIAN C HAZELWOOD DIRECTOR/VP 5.00
Director
$0 $0 $0
SHARON RICE DIRECTOR N/A
Director
$0 $0 $0
DAVID SISK VP REGISTRY/ 1.00
Director
$0 $0 $0
MIKE FLOYD DIRECTOR N/A
Director
$0 $0 $0
KELLY PEELER MANIS DIRECTOR N/A
Director
$0 $0 $0
LINDA G STARNES DIRECTOR N/A
Director
$0 $0 $0
KENDEL SIGURDSON DIRECTOR 0.50
Director
$0 $0 $0
WILSON BLAYLOCK DIRECTOR N/A
Director
$0 $0 $0
SYDNI N HENNEMANN DIRECTOR N/A
Director
$0 $0 $0
KASEY KESSELRING SECRETARY, D 0.50
Director
$0 $0 $0
MARK FARRAR CEO 40.00
Officer Director
$112,500 $0 $112,500
JESSE DOTSON DIRECTOR N/A
Director
$0 $0 $0
CONNIE HESS DIRECTOR N/A
Director
$0 $0 $0
BETH LEVI DIRECTOR N/A
Director
$0 $0 $0
KIMBERLY LEWIS DIRECTOR N/A
Director
$0 $0 $0
BETH SANFORD REED DIRECTOR N/A
Director
$0 $0 $0
RONNIE REED DIRECTOR N/A
Director
$0 $0 $0
ROBERT DALE STEINMETZ DIRECTOR N/A
Director
$0 $0 $0
STEVE J WILSON DIRECTOR N/A
Director
$0 $0 $0
AMANDA WRIGHT DIRECTOR/VP/ 1.00
Director
$0 $0 $0
BRIAN WRIGHT DIRECTOR 0.25
Director
$0 $0 $0
DALE DANIELS DIRECTOR/VP 3.00
Director
$0 $0 $0
MILDRED C BAXTER DIRECTOR N/A
Director
$0 $0 $0
SHEREE L BOLLINGER DIRECTOR N/A
Director
$0 $0 $0
DAVID S BULLOCK DIRECTOR N/A
Director
$0 $0 $0
BRUCE W BUTLER DIRECTOR N/A
Director
$0 $0 $0
R BLAKE CAMMACK DIRECTOR N/A
Director
$0 $0 $0
DEE CANTRELL DIRECTOR VP 1.00
Director
$0 $0 $0
WALTER D CHISM DIRECTOR N/A
Director
$0 $0 $0
NATHAN CLARK DIRECTOR N/A
Director
$0 $0 $0
MARTIN COX DIRECTOR 0.50
Director
$0 $0 $0
CATHERINE DEITRICH DIRECTOR N/A
Director
$0 $0 $0
ROBERT DEUTSCH DIRECTOR 0.33
Director
$0 $0 $0
JOE FRALEY DIRECTOR 1.00
Director
$0 $0 $0
KATHY GILLIAM-COLE DIRECTOR 1.50
Director
$0 $0 $0
GEORGE THOMAS GOULD DIRECTOR N/A
Director
$0 $0 $0
PAT IRELAND DIRECTOR N/A
Director
$0 $0 $0
DONALD G MIDKIFF DIRECTOR N/A
Director
$0 $0 $0
TERRANCE L MOYER DIRECTOR 4.00
Director
$0 $0 $0
LESLIE PERRY-COLLINS DIRECTOR 0.25
Director
$0 $0 $0
ROBBIE SPILLER DIRECTOR N/A
Director
$0 $0 $0
BRAD TUTTLE DIRECTOR N/A
Director
$0 $0 $0
LAVON TYSON DIRECTOR N/A
Director
$0 $0 $0
LEANN WERNER-OSBORN DIRECTOR N/A
Director
$0 $0 $0
BETHANY JONES 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
2024 No data No data No data No data
2023 $1,632,137 $1,560,291 $2,038,193 $71,846
2022 $1,498,871 $1,364,279 $2,128,167 $134,592
2022 $125,690 $266,765 $2,033,021 $-141,075
2021 $1,623,647 $1,343,767 $1,957,514 $279,880
2020 $1,391,959 $1,293,076 $1,795,038 $98,883
2019 $1,378,402 $1,367,176 $1,427,820 $11,226
2018 $1,373,715 $1,350,566 $1,524,681 $23,149
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