Panhandle Cuting Horse Association

EIN: 752264695 Philanthropy & Grantmaking

Texline, TX

Total Revenue
$872,276
Total Expenses
$854,523
Total Assets
$69,809
Net Assets
$69,809
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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
1989
Legal Domicile
TX
Principal Officer
Cheryl Callis
Phone
8066832683
Tax Period
2025-01-01 to 2025-12-31

Panhandle Cuting Horse Association, founded in 1989, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $872K in total revenue in fiscal year 2025. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

Conducting cutting horse shows and competitions in order to promote interest in an provide education regarding the uses, training and care of cutting horses.

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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 (2025)

Revenue Breakdown

Contributions & Grants $6,195
Program Service Revenue $865,904
Investment Income $177
Other Revenue $0
TOTAL REVENUE $872,276

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $854,523
TOTAL EXPENSES $854,523

Year-over-Year Comparison

2025 2024 Change
Revenue $872,276 $658,063 +0.3%
Expenses $854,523 $630,326 +0.4%
Net Income $17,753 $27,737 -0.4%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
73

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wayne Banks Director 1.00
Director
$0 $0 $0
James Davis Director 1.00
Director
$0 $0 $0
Benjamin James Director 1.00
Director
$0 $0 $0
Abraham Calvillo Director 1.00
Director
$0 $0 $0
Jeff Decker Director 1.00
Director
$0 $0 $0
JoJo Lemond Director 1.00
Director
$0 $0 $0
Trip Fortenberry Director 2.00
Director
$0 $0 $0
Dana Larsen Director 2.00
Director
$0 $0 $0
Tyler Johnson President 2.00
Officer Director
$0 $0 $0
Carey Patteson Vice President 2.00
Officer Director
$0 $0 $0
Hadley Clearman Secretary 4.00
Officer Director
$0 $0 $0
Tyler Lewis 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
2025 $872,276 $854,523 $69,809 $17,753
2024 $658,063 $630,326 $27,737 $27,737
2023 $587,224 $598,747 No data $-11,523
2022 $603,072 $622,482 No data $-19,410
2021 $635,092 $653,632 $55,478 $-18,540
2020 $506,978 $496,553 $62,291 $10,425
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