LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION

EIN: 720741816

ALEXANDRIA, LA

Total Revenue
$8,493,254
Total Expenses
$7,366,167
Total Assets
$13,080,847
Net Assets
$11,866,028
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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
1966
Legal Domicile
LA
Principal Officer
BRUCE SALARD
Phone
3184879506
Tax Period
2025-01-01 to 2025-12-31

LOUISIANA QUARTER HORSE BREEDERS ASSOCIATION, founded in 1966, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2025. Expenses of $7.4M left a modest 13% surplus.

Mission

FACILITATE QUARTERHORSE BREEDING/PROVIDE ECONOMIC AND EDUCATIONAL VALUE TO QUARTERHORSE OWNERS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,486,839
Program Service Revenue $1,960,652
Investment Income $543,175
Other Revenue $3,502,588
TOTAL REVENUE $8,493,254

Expense Breakdown

Grants Paid $0
Salaries & Benefits $565,512
Fundraising Expenses $0
Program Expenses $7,097,986
Other Expenses $6,800,655
TOTAL EXPENSES $7,366,167

Year-over-Year Comparison

2025 2024 Change
Revenue $8,493,254 $7,928,354 +0.1%
Expenses $7,366,167 $7,515,021 0.0%
Net Income $1,127,087 $413,333 +1.7%
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

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Governance

Voting Members
14
Independent Members
14
Employees
5
Volunteers
14

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRT CHAISSON PRESIDENT N/A
Officer Director
$0 $0 $0
LARRY FINDLEY 1ST VP N/A
Officer Director
$0 $0 $0
JEROME BELLARD 2ND VP N/A
Officer Director
$0 $0 $0
RILEY BLANCHET BOARD MEMBER N/A
Director
$0 $0 $0
KAREN FALGOUST BOARD MEMBER N/A
Director
$0 $0 $0
D MICHAEL HAYES BOARD MEMBER N/A
Director
$0 $0 $0
KENNY PATTON BOARD MEMBER N/A
Director
$0 $0 $0
MAJOR JOSEPH HENRY THIBAUT JR BOARD MEMBER N/A
Director
$0 $0 $0
BOBBI RANDLE SECRETARY N/A
Officer Director
$0 $0 $0
STEPHEN DEVILLE BOARD MEMBER N/A
Director
$0 $0 $0
KENT GUILLORY BOARD MEMBER N/A
Director
$0 $0 $0
BRANDON TRAHAN BOARD MEMBER N/A
Director
$0 $0 $0
TIMOTHY ROGERS BOARD MEMBER 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
2025 $8,493,254 $7,366,167 $13,080,847 $1,127,087
2024 No data No data No data No data
2023 $7,671,089 $7,636,925 $11,599,369 $34,164
2022 $7,125,891 $6,840,600 $11,422,107 $285,291
2021 $7,601,612 $6,366,954 $10,986,998 $1,234,658
2020 $6,052,631 $6,442,562 $9,534,972 $-389,931
2019 $7,595,213 $8,161,456 $9,973,535 $-566,243
2018 $7,097,726 $7,414,297 $10,429,963 $-316,571
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