WEST TEXAS CUTTING HORSE ASSOC (EIN 751830348) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

SKIP JONES

Phone

8066761721

Tax Period

2023-01-01 to 2023-12-31

WEST TEXAS CUTTING HORSE ASSOC, founded in 1986, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023.

Mission

AGRICULTURAL ASSOCIATION FOR THE DEVELOPMENT OF PUBLIC INTEREST IN RANCHING AND WESTERN HERITAGE THROUGH MAINTENANCE OF CUTTING HORSE CONTESTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,216,931

Investment Income $1,074

Other Revenue $0

TOTAL REVENUE $1,218,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,500

Fundraising Expenses $0

Program Expenses $1,266,834

Other Expenses $1,235,000

TOTAL EXPENSES $1,271,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,218,005	$1,265,125	0.0%
Expenses	$1,271,500	$1,313,179	0.0%
Net Income	$-53,495	$-48,054	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$34,000

Total Directors

$36,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SKIP JONES	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERYL DANIEL	TREASURER	1.00	Officer Director	$14,000	$0	$14,000
CHERYL CALLIS	SECRETARY	1.00	Officer Director	$20,000	$0	$20,000
ELAINE JONES	DIRECTOR	1.00	Director	$2,500	$0	$2,500
RALPH DEPEW	DIRECTOR	1.00	Director	$0	$0	$0
PENNY COGDELL	DIRECTOR	1.00	Director	$0	$0	$0
ALVIN FULTS	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,218,005	$1,271,500	$215,490	$-53,495
2022	$1,265,125	$1,313,179	$268,985	$-48,054
2021	$987,985	$1,198,160	$317,039	$-210,175
2020	$1,578,267	$1,482,235	$527,214	$96,032
2019	$1,528,662	$1,532,433	$431,182	$-3,771
2018	$1,142,997	$1,173,479	$434,953	$-30,482

WEST TEXAS CUTTING HORSE ASSOC