MISSISSIPPI QUARTER HORSE ASSOCIATI

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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

1961

Legal Domicile

Principal Officer

GAY MCCANN

Phone

6016925128

Tax Period

2023-11-01 to 2024-10-31

MISSISSIPPI QUARTER HORSE ASSOCIATI, founded in 1961, is a small nonprofit in the Recreation & Sports sector that reported $443K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $420K left a modest 5% surplus.

Mission

ADVANCE OF COMMUNITY INVOLVEMENT AND MEMBER ACHIEVEMENT IN QUARTER HORSE AFFILIATION.

Program Service Accomplishments

Program 1

Expenses: $349,549 Revenue: $364,942

QUARTER HORSE SHOWS PROVIDE COMPETETIVE EVENTS FOR MEMBERS AND OTHER PARTICIPANTS FROM THROUGHOUT THE SOUTHEASTERN UNITED STATES.

Program 2

Expenses: $63,261 Revenue: $2,530

ANNUAL BANQUET PROVIDES AN OPPORTUNITY FOR MEMBERS TO MEET EACH OTHER AND RECOGNIZE INDIVIDUALS WITH SPECIFIC AWARDS.

Program 3

LIMITED SCHOLARSHIPS ARE PROVIDED TO HELP DEFRAY EDUCATIONAL EXPENSES OF DESERVING STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $69,075

Program Service Revenue $369,502

Investment Income $801

Other Revenue $3,220

TOTAL REVENUE $442,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $107

Program Expenses $412,810

Other Expenses $419,624

TOTAL EXPENSES $419,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$442,598	$409,069	+0.1%
Expenses	$419,624	$363,152	+0.2%
Net Income	$22,974	$45,917	-0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
TOM MCBEATH	PRESIDENT/AQ	1.00	Officer Director	$0	$0	$0
BROOKE WARE	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
MOLLY NICODEMUS	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
BROOKS DERRYBERRY	ACTIVE PAST	1.00	Officer Director	$0	$0	$0
APRILLE WATTS	ACTIVE PAST	1.00	Officer Director	$0	$0	$0
CLARK SCOGGINS	AQHA DIRECTO	1.00	Director	$0	$0	$0
MARY BESS WOODRUFF	AQHA DIRECTO	1.00	Director	$0	$0	$0
HERMAN ALFORD	ALTERNATE DI	1.00	Director	$0	$0	$0
DIANE GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
SUZY MCBEATH	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
CINDY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN BOWLIN	DIRECTOR	1.00	Director	$0	$0	$0
ANNA MCRANEY	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE COLE	DIRECTOR	1.00	Director	$0	$0	$0
GAY MCCANN	FINANCIAL SE	1.00	Officer	$0	$0	$0
LAURA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LARRY DAVIS	ALTERNATE DI	1.00	Director	$0	$0	$0
CATHY COOK	DIRECTOR	1.00	Director	$0	$0	$0
SANDY MCBEATH	ACTIVE PAST	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	$442,598	$419,624	$332,018	$22,974
2023	$409,069	$363,152	$309,044	$45,917
2022	$352,429	$344,705	$263,127	$7,724
2021	$172,202	$183,942	$255,403	$-11,740
2020	$345,708	$336,638	$267,143	$9,070
2019	$382,686	$354,962	$258,073	$27,724