Appaloosa Horse Club (EIN 820229989) - Form 990 Financial Analysis & Trantor Score

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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

1938

Legal Domicile

Principal Officer

Lex Smurthwaite

Phone

2088825578

Tax Period

2024-04-01 to 2025-03-31

Appaloosa Horse Club, founded in 1938, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

This organization's mission is to maintain the official registry of the Appaloosa Horse an equine breed with a color reference; to collect, record and preserve the history and integrity of the breed; to improve, enhance and promote Appaloosa, and to honor the tradition, history, and heritage of the breed.

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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 (2024)

Revenue Breakdown

Contributions & Grants $136,510

Program Service Revenue $2,843,336

Investment Income $7,618

Other Revenue $13,265

TOTAL REVENUE $3,000,729

Expense Breakdown

Grants Paid $32,083

Salaries & Benefits $697,563

Fundraising Expenses $0

Program Expenses $3,239,397

Other Expenses $2,509,751

TOTAL EXPENSES $3,239,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,000,729	$3,235,654	-0.1%
Expenses	$3,239,397	$3,369,805	0.0%
Net Income	$-238,668	$-134,151	+0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lex Smurthwaite	Executive Dir.	40.00	Officer Director	$0	$0	$0
Lori Wunderlich	President	5.00	Officer Director	$0	$0	$0
David Parlier	Director	3.00	Officer Director	$0	$0	$0
Sean Schembri	President	5.00	Director	$0	$0	$0
Alison Phillips	Director	3.00	Director	$0	$0	$0
Jordan Kelly	Director	3.00	Director	$0	$0	$0
Richard Maggard	Director	3.00	Director	$0	$0	$0
Francesco Auriemma	Director	0.00	Director	$0	$0	$0
David Beck	Director	3.00	Director	$0	$0	$0
Brent Woolery	Director	3.00	Director	$0	$0	$0
Nicholas Beil	Director	3.00	Director	$0	$0	$0
Raymond Burchett	Director	3.00	Director	$0	$0	$0
Deb Dyer	Director	3.00	Director	$0	$0	$0
Theron McCammond	Director	3.00	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	$3,000,729	$3,239,397	$1,774,831	$-238,668
2024	$3,235,654	$3,369,805	$1,896,945	$-134,151
2023	$3,167,448	$2,933,157	$1,954,401	$234,291
2023	$3,165,684	$2,942,025	$1,939,450	$223,659
2022	$3,124,595	$2,782,513	$2,033,222	$342,082
2022	$3,051,248	$2,767,286	$2,038,646	$283,962
2021	$2,644,912	$2,350,846	$1,658,572	$294,066

Appaloosa Horse Club