TENNESSEE WALKING HORSE NATIONAL (EIN 620682046) - 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

1962

Legal Domicile

Principal Officer

WARREN WELLS

Phone

9316845915

Tax Period

2022-11-01 to 2023-10-31

TENNESSEE WALKING HORSE NATIONAL, founded in 1962, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 18% operating margin.

Mission

PROMOTION OF THE TENNESSEE WALKING HORSE BREED, AND MANAGEMENT OF THE ANNUAL TENNESSEE WALKING HORSE NATIONAL CELEBRATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,339,022

Investment Income $2,474

Other Revenue $301,776

TOTAL REVENUE $5,643,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,122,839

Fundraising Expenses $0

Other Expenses $3,503,628

TOTAL EXPENSES $4,626,467

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,643,272	$4,559,089	+0.2%
Expenses	$4,626,467	$4,260,784	+0.1%
Net Income	$1,016,805	$298,305	+2.4%

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

247

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

$306,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN WELLS	CEO	40.00	Officer	$306,748	$0	$306,748
TODD BOBO	SECRETARY	1.00	Director	$0	$0	$0
DAVID BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CROWELL	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY HOWARD	VICE CHAIRMA	1.00	Director	$0	$0	$0
SCOTT JOHNSON	CHAIRMAN	5.00	Director	$0	$0	$0
JODY LAMBERT	TREASURER	1.00	Director	$0	$0	$0
LISA TURNER	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	$5,643,272	$4,626,467	$6,918,558	$1,016,805
2022	$4,559,089	$4,260,784	$5,937,648	$298,305
2021	$4,114,337	$3,853,295	$5,749,414	$261,042
2020	$3,538,341	$3,682,022	$5,802,394	$-143,681
2019	$3,668,687	$3,778,999	$5,929,401	$-110,312
2018	$3,491,592	$3,858,961	$5,979,530	$-367,369

TENNESSEE WALKING HORSE NATIONAL