NCHA CHARITIES FOUNDATION

EIN: 751796627 501(c)(3) Youth Development

FORT WORTH, TX

Total Revenue
$582,992
Total Expenses
$470,808
Total Assets
$5,925,429
Net Assets
$4,817,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
TX
Principal Officer
JULIA BUSWOLD
Phone
8172446188
Tax Period
2023-10-01 to 2024-09-30

NCHA CHARITIES FOUNDATION, founded in 1981, is a small nonprofit in the Youth Development sector that reported $583K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $112K, a strong 19% operating margin.

Mission

The NCHA Charities Foundation is organized and operated exclusively for charitable purposes as a supporting organization to the National Cutting Horse Association; and is organized and operated to encourage, promote and develop the Cutting Horse as a highly unique and exceptional equine athlete. The Foundation supports and benefits NCHA by maintaining scholarship funds, providing crisis funding, developing educational and animal welfare and research programs, and developing programs designed to honor the legendary people and great horses that have shaped our industry and to preserve and tell the stories of the great horses and horsewomen and horsemen of the past to future generations.

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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 $458,611
Program Service Revenue $0
Investment Income $170,048
Other Revenue $-45,667
TOTAL REVENUE $582,992

Expense Breakdown

Grants Paid $157,500
Salaries & Benefits $206,161
Fundraising Expenses $348
Program Expenses $159,727
Other Expenses $107,147
TOTAL EXPENSES $470,808

Year-over-Year Comparison

2023 2022 Change
Revenue $582,992 $715,572 -0.2%
Expenses $470,808 $476,685 0.0%
Net Income $112,184 $238,887 -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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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
$736,756
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY WINBORN President 1.00
Officer
$0 $24,669 $482,027
JULIA BUSWOLD Executive Dir. 40.00
Officer
$147,460 $7,012 $154,472
DENISE WILLIAMS Treasurer 1.00
Officer
$0 $0 $100,257
JOEY MILNER Chairman 10.00
Officer Director
$0 $0 $0
FRANK MERRILL Director 10.00
Director
$0 $0 $0
JO ELLARD Director 10.00
Director
$0 $0 $0
CHARLES ISRAEL Director 10.00
Director
$0 $0 $0
DUSTIN EWING Director 10.00
Director
$0 $0 $0
LACHLAN PERKS Director 10.00
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 $582,992 $470,808 $5,925,429 $112,184
2023 $715,572 $476,685 $4,912,555 $238,887
2022 $779,239 $457,060 $4,137,730 $322,179
2021 $209,477 $462,279 $4,693,271 $-252,802
2020 $659,544 $562,973 $4,401,577 $96,571
2019 $414,712 $311,325 $3,352,555 $103,387
2018 $439,374 $154,932 $3,146,651 $284,442
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