CAT RODEO SCHOLARSHIP ASSOCIATION

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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

2008

Legal Domicile

Phone

4065853393

Tax Period

2023-01-01 to 2023-12-31

CAT RODEO SCHOLARSHIP ASSOCIATION, founded in 2008, is a small nonprofit in the Education sector that reported $486K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

PROVIDE FINANCIAL SUPPORT OF THE MONTANA STATE UNIVERSITY RODEO TEAM.

Program Service Accomplishments

Program 1

Expenses: $429,341 Revenue: $37,510

PROVIDE OPPORTUNITY FOR STUDENT ATHLETES BY SECURING FUNDS FOR ACADEMIC AND ATHLETIC EXCELLENCE.

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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 $484,807

Program Service Revenue $37,510

Investment Income $63

Other Revenue $-36,647

TOTAL REVENUE $485,733

Expense Breakdown

Grants Paid $321,339

Salaries & Benefits $0

Fundraising Expenses $23,146

Program Expenses $429,341

Other Expenses $154,286

TOTAL EXPENSES $475,625

Year-over-Year Comparison

	2023	2022	Change
Revenue	$485,733	$404,760	+0.2%
Expenses	$475,625	$187,667	+1.5%
Net Income	$10,108	$217,093	-1.0%

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
VANCE RUFF	Director	1.00	Director	$0	$0	$0
Jane Mersen	Sec./Treas.	2.00	Officer Director	$0	$0	$0
Janice Lambert	Director	1.00	Director	$0	$0	$0
Lyle Hebert	Director	1.00	Director	$0	$0	$0
Jacy Cook	President	1.00	Officer Director	$0	$0	$0
Scott Norby	Director	1.00	Director	$0	$0	$0
Lori Winsor	Director	5.00	Director	$0	$0	$0
Dean Folkvord	Chute Boss Pres	1.00	Officer Director	$0	$0	$0
Morgan Zupan	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	$485,733	$475,625	$466,404	$10,108
2022	$404,760	$187,667	$456,296	$217,093