TOBACCO VALLEY RODEO ASSOCIATION (EIN 834221593) - 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

2010

Legal Domicile

Principal Officer

MIKE COLE

Phone

4062970518

Tax Period

2023-01-01 to 2023-12-31

TOBACCO VALLEY RODEO ASSOCIATION, founded in 2010, is a small nonprofit in the Animal-Related sector that reported $407K in total revenue in fiscal year 2023. The organization ran a surplus of $85K, a strong 21% operating margin.

Mission

TOBACCO VALLEY RODEO ASSOCIATION IS A NON-PROFIT ORGANIZATION THAT PRODUCES TWO MAJOR RODEO EVENTS. THE TOBACCO VALLEY RODEO IN JULY AND THE BULL THING IN AUGUST. THE MISSION IS TO PROVIDE THE BEST RODEO COMPETITION FOR CONTESTANTS, WHILE PROVIDING EXCITING, POWERFUL RODEO ACTION FOR OUR SPECTATORS.

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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 $0

Program Service Revenue $406,716

Investment Income $0

Other Revenue $0

TOTAL REVENUE $406,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,176

Other Expenses $322,176

TOTAL EXPENSES $322,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$406,716	$421,525	0.0%
Expenses	$322,176	$307,258	+0.0%
Net Income	$84,540	$114,267	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM CHANEY	PRESIDING OF	2.00	Director	$0	$0	$0
BEEGEE COLE	DIRECTOR	3.00	Director	$0	$0	$0
MIKE COLE	PRESIDENT	3.00	Officer Director	$0	$0	$0
CARMEN DAVIS	PRESIDING OF	2.00	Director	$0	$0	$0
AUBREE SHERWOOD	PRESIDING OF	2.00	Director	$0	$0	$0
SARA SHERWOOD	TREASURER	3.00	Officer Director	$0	$0	$0
SHAWN VENDEBERG	PRESIDING OF	2.00	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	$406,716	$322,176	$278,881	$84,540
2022	$421,525	$307,258	$239,341	$114,267
2021	$255,010	$237,743	$176,079	$17,267
2019	$222,009	$221,572	$9,889	$437

TOBACCO VALLEY RODEO ASSOCIATION