FLORIDA REINING HORSE ASSOCIATION (EIN 650399785) - 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

1993

Legal Domicile

Principal Officer

SARAH MCMAHON

Phone

3305650762

Tax Period

2024-01-01 to 2024-12-31

FLORIDA REINING HORSE ASSOCIATION, founded in 1993, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

THIS ASSOCIATION ORGANIZES AN ANNUAL CALENDAR THAT HAS NUMEROUS HORSE SHOWS AS WELL AS ANNUAL HORSE EVENT SCHEDULE THAT IS AVAILABLE ON THE INTERNET WHICH AIDS IN PROMOTING REINING HORSES AND THE SPORT OF REINING. PROFESSIONAL TRAINERS AND FARMS CONTRIBUTE TO OFFSET ITS EXPENSES.

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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 $5,629

Program Service Revenue $930,329

Investment Income $25

Other Revenue $207,307

TOTAL REVENUE $1,143,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,153,461

Other Expenses $1,156,655

TOTAL EXPENSES $1,156,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,143,290	$1,108,497	+0.0%
Expenses	$1,156,655	$1,138,250	+0.0%
Net Income	$-13,365	$-29,753	-0.6%

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
ALICIA RAPP	PRESIDENT	N/A	Officer Director	$0	$0	$0
KRISTEN DUNN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RANDY TEMKIN	SECRETARY	N/A	Officer Director	$0	$0	$0
SARAH MCMAHON	TREASURER	N/A	Officer Director	$0	$0	$0
KAREN SHEDLAUSKAS	DIRECTOR	N/A	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	$1,143,290	$1,156,655	$120,520	$-13,365
2023	$1,108,497	$1,138,250	$122,683	$-29,753
2022	$777,193	$783,058	$152,436	$-5,865
2021	$957,939	$893,785	$158,301	$64,154
2020	$933,131	$918,643	$94,147	$14,488
2019	$640,651	$658,931	$79,659	$-18,280
2018	$465,212	$467,538	$98,108	$-2,326

FLORIDA REINING HORSE ASSOCIATION