ARIZONA QUARTER HORSE ASSOCIATION (EIN 860212375) - 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

1955

Legal Domicile

Principal Officer

DOUG HULS

Phone

6238698037

Tax Period

2023-01-01 to 2023-12-31

ARIZONA QUARTER HORSE ASSOCIATION, founded in 1955, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.2M left a modest 8% surplus.

Mission

THE ORGANIZATION HOSTS MULTIPLE HORSE SHOWS EACH YEAR. THEIR MAIN EVENT IS THE ANNUAL ARIZONA SUN COUNTRY CIRCUIT HORSE SHOW HELD IN SCOTTSDALE, AZ. THE SHOW IS OPEN TO ANYONE WITH A REGISTERED QUARTER HORSE.

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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 $3,342,041

Investment Income $88,584

Other Revenue $0

TOTAL REVENUE $3,430,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,751

Fundraising Expenses $0

Program Expenses $3,143,195

Other Expenses $2,923,006

TOTAL EXPENSES $3,165,757

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,430,625	$3,089,757	+0.1%
Expenses	$3,165,757	$2,881,618	+0.1%
Net Income	$264,868	$208,139	+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

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

$150,000

Total Directors

$150,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG HULS	CEO	40.00	Officer Director	$150,000	$0	$150,000
DANA YINGLING	PRESIDENT	N/A	Officer Director	$0	$0	$0
FRED FISHER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
NANCY GILLETT	TREASURER	N/A	Director	$0	$0	$0
BOARD OF DIRECTORS	SEE ATTACHED	N/A	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	$3,430,625	$3,165,757	$2,524,654	$264,868
2022	$3,089,757	$2,881,618	$2,272,717	$208,139
2021	$513,103	$725,005	$2,011,077	$-211,902
2021	$3,408,451	$2,924,431	$2,225,113	$484,020
2020	$2,098,018	$1,917,840	$1,662,494	$180,178
2019	$1,946,316	$1,801,528	$1,453,203	$144,788

ARIZONA QUARTER HORSE ASSOCIATION