NATIONAL CUTTING HORSE ASSOCIATION

EIN: 750978808

FORT WORTH, TX

Total Revenue
$32,661,348
Total Expenses
$30,216,774
Total Assets
$26,908,351
Net Assets
$17,686,128
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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
TX
Principal Officer
JAY WINBORN
Phone
8172446188
Tax Period
2023-10-01 to 2024-09-30

NATIONAL CUTTING HORSE ASSOCIATION, founded in 1946, is a mid-sized nonprofit that reported $32.7M in total revenue in fiscal year 2023. Expenses of $30.2M left a modest 7% surplus.

Mission

THE NCHA PROMOTES AND CELEBRATES THE CUTTING HORSE, WHOSE ORIGIN ON WESTERN RANCHES ALLOWS US TO SUPPORT RANCHING AND ITS WESTERN HERITAGE. BY ESTABLISHING RULES FOR THE CONDUCT OF CUTTING HORSE SHOWS, NCHA STRIVES TO GIVE CUTTERS A LEVEL PLAYING FIELD AND A PROGRESSIVE CLASS STRUCTURE, WHICH ACCOMODATES EVERYONE FROM THE BEGINNER TO THE ADVANCED COMPETITOR. NCHA DRAWS ON THE DIVERSE TALENTS AND BACKGROUND OF ITS MEMBERS, AND ENCOURAGES THEIR PARTICIPATION IN HELPING IT ACHIEVE THESE GOALS.

Program Service Accomplishments

Program 1

Shows-Through exhibitions, NCHA Members can present their cutting horses for evaluation against horses of a similar skillset. NCHA Produces eight events and Approves more than one thousand events...

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Shows-Through exhibitions, NCHA Members can present their cutting horses for evaluation against horses of a similar skillset. NCHA Produces eight events and Approves more than one thousand events held by independent parties, each year. Approved events remit show results to the Association, where earnings data for horse and rider are retained for accolades. Judges-Exhibitors at events present their cutting horses for evaluation by NCHA certified Judges. Judges are granted certification through a testing and approval program. NCHA Produced and Approved events require certified judges for production and approval. Marketing-The promotion of exhibitors and the sport is managed by the Associations Marketing department. Athletes and the sport are promoted via social media and through the Associations monthly, printed magazine, The Cutting Horse Chatter. Operational Systems-Collection and calculation of Produced and Approved events data is managed through the Associations operational systems. The systems store earnings, awards and member data for each of the Associations major departments, including: Shows, Membership, Judges, Stallion Foal, and Youth. Stallion Foal-For the on-going concern and longevity of the sport, stallions and their offspring are promoted through the Stallion and Foal Program. Stallions are subscribed to the program for a corresponding breeding year, and the resulting offspring are nominated to the program. Funds resulting from the program are then utilized to incentivize members to breed, raise, and exhibit the offspring at NCHA Produced and Approved events.Youth-To promote future generations of cutters, the Association seeks to promote and develop youth members to compete, participate in leadership programs, and be eligible for a variety of financial and educational opportunities at NCHA Produced and Approved events.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,061,182
Program Service Revenue $26,228,950
Investment Income $982,204
Other Revenue $389,012
TOTAL REVENUE $32,661,348

Expense Breakdown

Grants Paid $8,000
Salaries & Benefits $2,844,946
Fundraising Expenses $1,217,485
Other Expenses $27,363,828
TOTAL EXPENSES $30,216,774

Year-over-Year Comparison

2023 2022 Change
Revenue $32,661,348 $30,293,874 +0.1%
Expenses $30,216,774 $28,241,499 +0.1%
Net Income $2,444,574 $2,052,375 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
202
Independent Members
190
Employees
26
Volunteers
200

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
2
$582,284
Total Directors
2
$100,257
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY WINBORN Executive Dir. 35.00
Officer
$457,358 $24,669 $482,027
JIMMY VECERA SR SOFTWARE ARCHIT 40.00
$157,132 $26,350 $183,482
CARLEY MONTEMURO DIRECTOR OF MARKET 40.00
$150,718 $11,110 $161,828
SHIANNE MEGEL DIRECTOR OF SHOWS 40.00
$137,894 $3,884 $141,778
ASHLEY EARLY COMPTROLLER 40.00
$98,252 $2,905 $101,157
DENISE WILLIAMS Treasurer 40.00
Officer Director
$100,257 $0 $100,257
SEE ATTACHED LIST FOR BOD DIRECTORS 0.00
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 $32,661,348 $30,216,774 $26,908,351 $2,444,574
2023 $30,293,874 $28,241,499 $21,887,689 $2,052,375
2022 $26,066,814 $23,654,553 $20,030,669 $2,412,261
2021 $24,932,575 $23,018,213 $19,032,258 $1,914,362
2020 $15,728,032 $15,775,781 $15,335,940 $-47,749
2019 $22,908,288 $22,618,736 $15,249,403 $289,552
2018 $23,973,015 $24,694,656 $14,737,960 $-721,641
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