UTAH REINED COWHORSE ASSOCIATION INC (EIN 861056362) - 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

1982

Legal Domicile

Principal Officer

AMBER FRANCIS

Phone

2085395410

Tax Period

2024-01-01 to 2024-12-31

UTAH REINED COWHORSE ASSOCIATION INC, founded in 1982, is a small nonprofit that reported $262K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $223K left a modest 15% surplus.

Mission

TO PROMOTE THE WORKING COWHORSE IN NORTHERN UTAH. TO PROMOTE SNAFFLE BIT FUTURITY, OTHER EVENTS, AND OTHER CONTESTS FOR WORKING COWHORSES. TO PROMOTE INTEREST IN REINED WORKING COWHORSES AMONG THE YOUTH OF NORTHERN UTAH.

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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 $0

Program Service Revenue $262,261

Investment Income $3

Other Revenue $0

TOTAL REVENUE $262,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $223,366

TOTAL EXPENSES $223,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,264	$222,013	+0.2%
Expenses	$223,366	$179,481	+0.2%
Net Income	$38,898	$42,532	-0.1%

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

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
SOPHIA BUTTARS	DIRECTOR	1	Director	$0	$0	$0
BRETT WESSMAN	DIRECTOR	1	Director	$0	$0	$0
McKoy Christiansen	DIRECTOR	1	Director	$0	$0	$0
JASON ROMNEY	DIRECTOR	1	Director	$0	$0	$0
BRANDON BUTTARS	VICE PRESIDENT	1	Director	$0	$0	$0
MIKE MILLER	PRESIDENT	1	Director	$0	$0	$0
KANDICE WESSMAN	SECRETARY	1	Director	$0	$0	$0
MORGAN MILLER	TREASURER	1	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	No data	No data	No data	No data
2024	$262,264	$223,366	$120,117	$38,898
2023	$222,013	$179,481	$81,219	$42,532
2022	$132,253	$137,515	$38,687	$-5,262
2021	$154,919	$155,434	$43,949	$-515
2020	$159,307	$142,054	$44,464	$17,253

UTAH REINED COWHORSE ASSOCIATION INC