SOUTHERN CUTTING HORSE FUTURITY INC (EIN 640766135) - 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

1996

Legal Domicile

Principal Officer

GWEN COIE

Phone

3185121596

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN CUTTING HORSE FUTURITY INC, founded in 1996, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

THE CORPORATION IS CREATED FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING MAKING CONTRIBUTIONS TO 501(A) ORGANIZATIONS.

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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 $0

Program Service Revenue $1,336,130

Investment Income $0

Other Revenue $454,296

TOTAL REVENUE $1,790,426

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $41,445

Fundraising Expenses $0

Other Expenses $1,745,555

TOTAL EXPENSES $1,788,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,790,426	$1,454,639	+0.2%
Expenses	$1,788,000	$1,501,166	+0.2%
Net Income	$2,426	$-46,527	-1.1%

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

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

$24,820

Total Directors

$41,445

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICKY THAGGARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
GWEN COIE	SECRETARY	1.00	Officer Director	$24,820	$0	$24,820
KEITH DEAVILLE	DIRECTOR	1.00	Director	$0	$0	$0
GREG THAGGARD	VICE PRESIDENT	1.00	Director	$0	$0	$0
RAY SMITH	DIRECTOR	1.00	Director	$16,625	$0	$16,625
MARK COIE	DIRECTOR	1.00	Director	$0	$0	$0
ANDY LOAGUE	DIRECTOR	1.00	Director	$0	$0	$0
ZEKE ENTZ	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN SHEPARD	DIRECTOR	1.00	Director	$0	$0	$0
TC SCHEER	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	$1,790,426	$1,788,000	$388,162	$2,426
2023	$1,454,639	$1,501,166	$385,736	$-46,527
2022	$1,167,291	$1,171,750	$432,263	$-4,459
2021	$1,239,704	$1,267,983	$436,722	$-28,279
2020	$1,377,738	$1,294,149	$465,001	$83,589
2019	$1,441,470	$1,347,236	$381,412	$94,234
2018	$1,318,237	$1,401,335	$287,178	$-83,098

SOUTHERN CUTTING HORSE FUTURITY INC