TEXAS QUARTER HORSE ASSOCIATION (EIN 751585875) - 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

1977

Legal Domicile

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

IMPROVE QUARTER HORSE BREED

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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 (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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$124,025

Total Directors

Key Employees

Highest Compensated

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

TEXAS QUARTER HORSE ASSOCIATION