Palo Duro Cutting Horse Association (EIN 710976809) - 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

2008

Legal Domicile

Principal Officer

Abraham Calvillo

Phone

8066832683

Tax Period

2025-01-01 to 2025-12-31

Palo Duro Cutting Horse Association, founded in 2008, is a small nonprofit in the Animal-Related sector that reported $583K in total revenue in fiscal year 2025. Expenses of $558K left a modest 4% surplus.

Mission

To promote cutting as a sport and to encourage companies and groups to become involved in breeding, raising, training and exhibiting cutiing horses. The cutting horse contest gives the public an understanding and appreciation of livestock and ranching operations and traditions.

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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 (2025)

Revenue Breakdown

Contributions & Grants $39,246

Program Service Revenue $542,310

Investment Income $991

Other Revenue $0

TOTAL REVENUE $582,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $557,558

Other Expenses $557,558

TOTAL EXPENSES $557,558

Year-over-Year Comparison

	2025	2024	Change
Revenue	$582,547	$600,162	0.0%
Expenses	$557,558	$565,206	0.0%
Net Income	$24,989	$34,956	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ralph Depew	ex officio	0.00	Officer Director	$0	$0	$0
Sherryl Byars	Vice President	2.00	Officer Director	$0	$0	$0
Cheryl Callis	Secretary	2.00	Officer Director	$0	$0	$0
Toby Leblanc	Director	2.00	Director	$0	$0	$0
Jo Barclay	Director	2.00	Director	$0	$0	$0
Zeb Corvin	Director	2.00	Director	$0	$0	$0
Leslie Graor	Director	2.00	Director	$0	$0	$0
Jim Cogdell	Director	2.00	Director	$0	$0	$0
Colton Cogdell	Director	2.00	Director	$0	$0	$0
Leslie Graor	Director	2.00	Director	$0	$0	$0
Abraham Calvillo	President	2.00	Officer Director	$0	$0	$0
Roxanne Banks	Director	1.00	Officer 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
2025	$582,547	$557,558	$182,287	$24,989
2024	$600,162	$565,206	$157,818	$34,956
2023	$440,753	$424,836	$123,589	$15,917
2022	$417,856	$392,912	$107,672	$24,944
2021	$306,776	$303,975	$84,700	$2,801

Palo Duro Cutting Horse Association