TEXAS QUARTER HORSE ASSOCIATION

EIN: 751585875

ELGIN, TX

Total Revenue
$5,384,439
Total Expenses
$4,792,087
Total Assets
$7,087,759
Net Assets
$4,863,848
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
TX
Principal Officer
ROB WERSTLER
Phone
5124581233
Tax Period
2024-01-01 to 2024-12-31

TEXAS QUARTER HORSE ASSOCIATION, founded in 1977, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Expenses of $4.8M left a modest 11% surplus.

Mission

TO BE THE LEADERSHIP ORGANIZATION FOR THE STATE'S AMERICAN QUARTER HORSE OWNERS AND INDUSTRY RELATED BUSINESSES, AS WELL AS SERVE AS THE OFFICIAL REGISTRAR FOR THE ACCREDITED TEXAS-BRED AWARDS PROGRAM. THE TQHA WILL PROVIDE THE HIGHEST QUALITY REPRESENTATION, EDUCATION, PROGRAMS AND SERVICES TO ITS YOUTH, AMATEUR AND PROFESSIONAL MEMBERS IN ALL AREAS OF COMPETITION, WHILE PROMOTING INVOLVEMENT WITH AND OWNERSHIP OF THE AMERICAN QUARTER HORSE IN TEXAS. TQHA CARES DEEPLY THAT THE AMERICAN QUARTER HORSE IS TREATED HUMANELY, WITH DIGNITY, RESPECT, AND COMPASSION AT ALL TIMES.

Program Service Accomplishments

Program 1

ESTABLISH AND MAINTAIN PROGRAMS FOR YOUTH, AMATEUR, AND PROFESSIONAL EXHIBITORS IN ORDER TO PROMOTE AND IMPROVE QUARTER HORSE BREEDING AND RACING IN TEXAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,063,316
Investment Income $321,123
Other Revenue $0
TOTAL REVENUE $5,384,439

Expense Breakdown

Grants Paid $0
Salaries & Benefits $535,307
Fundraising Expenses $0
Other Expenses $4,256,780
TOTAL EXPENSES $4,792,087

Year-over-Year Comparison

2024 2023 Change
Revenue $5,384,439 $5,353,275 +0.0%
Expenses $4,792,087 $4,961,654 0.0%
Net Income $592,352 $391,621 +0.5%
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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Governance

Voting Members
55
Independent Members
55
Employees
6
Volunteers
55

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
8
$124,025
Total Directors
55
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL MELSON PAST PRESIDENT 1.00
Director
$0 $0 $0
MICHELLE TIDWELL PAST PRESIDENT 1.00
Director
$0 $0 $0
JORGE HADDAD PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
PETE A SCARMARDO PRESIDENT 1.00
Officer Director
$0 $0 $0
DR MARK RIGBY 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDREA JAMES PAST PRESIDENT 1.00
Director
$0 $0 $0
LAINA BANKS DIRECTOR 1.00
Director
$0 $0 $0
NANCY CAHILL HONORARY VP 1.00
Officer Director
$0 $0 $0
JODIE GOFF DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL HUNSINGER 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBBIE JAMES PARLIAMENTARIAN 1.00
Officer Director
$0 $0 $0
AMY LEE DIRECTOR 1.00
Director
$0 $0 $0
JOLEEN MODEN DIRECTOR 1.00
Director
$0 $0 $0
DR BRIAN BRANDON DIRECTOR 1.00
Director
$0 $0 $0
ARDEN BUTLER DIRECTOR 1.00
Director
$0 $0 $0
TIM FULTON DIRECTOR 1.00
Director
$0 $0 $0
TOOTER JORDAN DIRECTOR 1.00
Director
$0 $0 $0
KIE MUSHINSKI SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
CONNIE NOBLES DIRECTOR 1.00
Director
$0 $0 $0
MELBA RIEDEL DIRECTOR 1.00
Director
$0 $0 $0
CONRAD APPLETON PAST PRESIDENT 1.00
Director
$0 $0 $0
BOB BLAKEMAN PAST PRESIDENT 1.00
Director
$0 $0 $0
KEN BANKS PAST PRESIDENT 1.00
Director
$0 $0 $0
GUS BARAKIS PAST PRESIDENT 1.00
Director
$0 $0 $0
DAVID BROWN PAST PRESIDENT 1.00
Director
$0 $0 $0
ROSS CONNER PAST PRESIDENT 1.00
Director
$0 $0 $0
JIMMY ELLER PAST PRESIDENT 1.00
Director
$0 $0 $0
DAWN FOREST PAST PRESIDENT 1.00
Director
$0 $0 $0
ROBIN FRID PAST PRESIDENT 1.00
Director
$0 $0 $0
BOB GASTON PAST PRESIDENT 1.00
Director
$0 $0 $0
DR CHARLES GRAHAM PAST PRESIDENT 1.00
Director
$0 $0 $0
TYLER GRAHAM PAST PRESIDENT 1.00
Director
$0 $0 $0
JOHN GIFFIN PAST PRESIDENT 1.00
Director
$0 $0 $0
DR TOMMY HAYS PAST PRESIDENT 1.00
Director
$0 $0 $0
JOHN HARDY PAST PRESIDENT 1.00
Director
$0 $0 $0
JIM HELZER PAST PRESIDENT 1.00
Director
$0 $0 $0
KAY HELZER PAST PRESIDENT 1.00
Director
$0 $0 $0
CHIP JONES PAST PRESIDENT 1.00
Director
$0 $0 $0
WB JONES PAST PRESIDENT 1.00
Director
$0 $0 $0
BERRY MADDEN PAST PRESIDENT 1.00
Director
$0 $0 $0
TREY MALECHEK PAST PRESIDENT 1.00
Director
$0 $0 $0
GEORGIANNA RENOUARD PAST PRESIDENT 1.00
Director
$0 $0 $0
DAN SOWERS PAST PRESIDENT 1.00
Director
$0 $0 $0
MELISSA TINER PAST PRESIDENT 1.00
Director
$0 $0 $0
JERRY WINDHAM PAST PRESIDENT 1.00
Director
$0 $0 $0
WANDA WATERS DIRECTOR EMERITUS 1.00
Director
$0 $0 $0
TOM DURANT PAST PRESIDENT 1.00
Director
$0 $0 $0
BEN HUDSON PAST PRESIDENT 1.00
Director
$0 $0 $0
DR DENNIS SIGLER PAST PRESIDENT 1.00
Director
$0 $0 $0
STEPHEN STEPHENS PAST PRESIDENT 1.00
Director
$0 $0 $0
CAREY NOWACEK DIRECTOR 1.00
Director
$0 $0 $0
RICK YOUNG DIRECTOR 1.00
Director
$0 $0 $0
NOLAN JOHNSRUD DIRECTOR 1.00
Director
$0 $0 $0
TARYN SHELDON DIRECTOR 1.00
Director
$0 $0 $0
DEBBY BRUMBY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WERSTLER EXECUTIVE DIRECTOR 40.00
Officer
$115,000 $9,025 $124,025
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 $5,384,439 $4,792,087 $7,087,759 $592,352
2023 $5,353,275 $4,961,654 $6,568,098 $391,621
2022 $5,246,188 $4,623,397 $6,111,582 $622,791
2021 $4,846,350 $4,529,474 $5,419,371 $316,876
2020 $4,418,500 $4,125,696 $4,081,756 $292,804
2019 $1,099,564 $895,191 $3,201,367 $204,373
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