SOUTH FLORIDA QUARTER HORSE ASSOCIATION INC

EIN: 814257950 501(c)(3) Animal-Related

TALLAHASSEE, FL

Total Revenue
$1,302,500
Total Expenses
$1,137,576
Total Assets
$226,776
Net Assets
$188,164
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
SAM ARD
Phone
8505776500
Tax Period
2021-01-01 to 2021-12-31

SOUTH FLORIDA QUARTER HORSE ASSOCIATION INC, founded in 2016, is a community nonprofit in the Animal-Related sector that reported $1.3M in total revenue in fiscal year 2021. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 13% surplus.

Mission

TO ADVANCE, FOSTER AND PROMOTE EQUINE ACTIVITIES INVOLVING QUARTER HORSES FOALED IN AND/OR PERMANENTLY BASED IN THE STATE OF FLORIDA. TO PROMOTE THE CONDUCT OF HORSE RACING AT HIALEAH PARK THE INVOLVES QUARTER HORSES AND OTHER QUALIFYING BREEDS FOR QUARTER HORSE RACING FOALED IN OR PERMANENTLY BASED IN THE STATE OF FLORIDA. TO FOSTER, PROMOTE AND OTHERWISE ENCOURAGE A HIGHER LEVEL OF PUBLIC AWARENESS AND ACCEPTANCE OF THE QUARTER HORSE INDUSTRY. TO FOSTER HARMONIOUS RELATIONS AMONG ALL PARTICIPANTS IN THE QUARTER HORSE INDUSTRY. TO FOSTER, PROMOTE AND IMPROVE BUSINESS CONDITIONS FOR THE PARTICIPANTS IN THE QUARTER HORSE MEETS AT HIALEAH PARK, HIALEAH, FLORIDA. TO COOPERATE WITH EQUINE ORGANIZATIONS, PUBLIC AND PRIVATE AGENCIES, REGULATORY AUTHORIES, RACING ASSOCIATIONS, RACING COMMISSIONS AND OTHER ORGANIZATIONS INVOLVED IN ANY ASPECT OF THE CONDUCT, OPERATION AND REGULATION OF THE HORSE RACING INDUSTRY IN FLORIDA, INCLUDING, FOR EXAMPLE, THE FLORIDA DIVISION OF PARI MUTUEL WAGERING, A

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,302,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,302,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $440,000
Fundraising Expenses $0
Program Expenses $697,576
Other Expenses $697,576
TOTAL EXPENSES $1,137,576

Year-over-Year Comparison

2021 2020 Change
Revenue $1,302,500 $1,154,400 +0.1%
Expenses $1,137,576 $1,161,910 0.0%
Net Income $164,924 $-7,510 -23.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
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
5
$275,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM ARD CHAIRMAN 40.00
Officer
$55,000 $0 $55,000
JAMES HANDLEY SECRETARY/TR 40.00
Officer
$55,000 $0 $55,000
ALEX JOHNS DIRECTOR/BD 40.00
Officer
$55,000 $0 $55,000
JOE HILLARD JR VICE CHAIRMA 40.00
Officer
$55,000 $0 $55,000
WESTON PRYOR DIRECTOR.BD 40.00
Officer
$55,000 $0 $55,000
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
2021 $1,302,500 $1,137,576 $226,776 $164,924
2020 $1,154,400 $1,161,910 $58,506 $-7,510
2019 $1,004,000 $638,871 $30,795 $365,129
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