NCHA CHARITIES FOUNDATION

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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

1981

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $97,000

Education and Promotion of the Sport-The Education Committee shall be responsible for coordinating and assisting with the educational programs and presentations of the Foundation and promotion of the Cutting Horse and the sport of Cutting. Such programs could be Foundation Fund Raising Events, Judging Clinics, Cutting Clinics, Promotional activities at World Equestrian Games and European Championships, and promotion at like equine event through grants.

Program 2

Expenses: $58,806

Scholarship-The Scholarship Committee shall provide financial assistance to members of the NCHA. Recipients are selected based on academic achievement, financial need and cutting horse involvement...

Scholarship-The Scholarship Committee shall provide financial assistance to members of the NCHA. Recipients are selected based on academic achievement, financial need and cutting horse involvement, as well as leadership and communication skills.

Program 3

Expenses: $2,500

Horse and Animal Welfare and Research-The Horse and Animal Welfare and Research Committee shall be responsible for the overall health and welfare of the horses and cattle associated with the sport of cutting through the establishment of guidelines for care and monitoring the success of the programs. Through grants, the Foundation will charter research studies with Universities performing a wide range of research related to the health, welfare, and utility of the horse and health and safety of cattle used for competition.

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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 (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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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

N/A

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

$736,756

Total Directors

Key Employees

Highest Compensated

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