NATIONAL MUSTANG ASSOCIATION (EIN 870281253) - 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

1965

Legal Domicile

Principal Officer

GEORGE R HIGGINS

Phone

7024516161

Tax Period

2025-01-01 to 2025-12-31

NATIONAL MUSTANG ASSOCIATION, founded in 1965, is a small nonprofit that reported $232K in total revenue in fiscal year 2025. Revenue surged 3018% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 61% operating margin.

Mission

PROTECTION OF THE WILD MUSTANGS

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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 (2025)

Revenue Breakdown

Contributions & Grants $62,931

Program Service Revenue $0

Investment Income $169,134

Other Revenue $0

TOTAL REVENUE $232,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,952

Fundraising Expenses $0

Program Expenses $62,571

Other Expenses $47,497

TOTAL EXPENSES $90,449

Year-over-Year Comparison

	2025	2024	Change
Revenue	$232,065	$7,442	+30.2%
Expenses	$90,449	$85,098	+0.1%
Net Income	$141,616	$-77,656	-2.8%

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

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

$15,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE HIGGINS	PRESIDENT	0	Officer Director	$0	$0	$0
GAIL BENNETT	DIRECTOR	2	Director	$0	$0	$0
RICHARD SEWING	DIRECTOR	0	Director	$0	$0	$0
JUNE SEWING	SECRETARY	5	Officer	$15,900	$0	$15,900
JASON BRUEMMER	DIRECTOR	0	Director	$0	$0	$0
MIKE SHERRATT	DIRECTOR	5	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	$232,065	$90,449	$2,330,612	$141,616
2024	$7,442	$85,098	$2,196,323	$-77,656
2023	$80,492	$142,205	$2,111,436	$-61,713
2022	$42,161	$139,216	$2,173,149	$-97,055
2021	$739,609	$164,628	$2,270,203	$574,981
2020	$85,431	$87,881	$1,695,222	$-2,450
2019	$33,852	$99,848	$1,697,672	$-65,996
2018	$150,767	$104,177	$1,763,668	$46,590

NATIONAL MUSTANG ASSOCIATION