UTAH CUTTING HORSE ASSOCIATION (EIN 870382881) - 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

1984

Legal Domicile

Phone

8013804031

Tax Period

2024-01-01 to 2024-12-31

UTAH CUTTING HORSE ASSOCIATION, founded in 1984, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 6% surplus.

Mission

PROMOTE PUBLIC AWARENESS OF RANCHING AND AGRARIAN LIFE STYLES THROUGH SPONSORSHIP OF EVENTS AND COMPETITIONS THAT SHOWCASE THE SKILLS OF OUR YOUTH AND ENCOURAGE THEIR DEVELOPMENT AS THE FUTURE LEADERS OF OUR COMMUNITY AND OF OUR NATION.

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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 $14,519

Program Service Revenue $1,595,131

Investment Income $1,460

Other Revenue $0

TOTAL REVENUE $1,611,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,491,537

Other Expenses $1,515,269

TOTAL EXPENSES $1,515,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,611,110	$1,338,820	+0.2%
Expenses	$1,515,269	$1,307,702	+0.2%
Net Income	$95,841	$31,118	+2.1%

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

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
BYRON LACEY	Director	0.00	Officer Director	$0	$0	$0
DAVE WHITAKER	President	0.00	Director	$0	$0	$0
SHAILYN HAVILAND	Secretary	10.00	Officer Director	$0	$0	$0
BLAKE CHRISTENSEN	Director	0.00	Director	$0	$0	$0
ANDY CHRISTENSEN	Director	0.00	Director	$0	$0	$0
GEORGE DAWSON	Director	0.00	Director	$0	$0	$0
TIM DENTON	Director	0.00	Director	$0	$0	$0
JOSH HOFELDT	Director	0.00	Director	$0	$0	$0
DARON HUGHES	Vice President	0.00	Director	$0	$0	$0
DANIELLE PACE	Director	0.00	Director	$0	$0	$0
WESTIN SAMPSON	Director	0.00	Director	$0	$0	$0
SHAUN TREE	Director	0.00	Director	$0	$0	$0
SHANE ZAHARIAS	Director	0.00	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	$1,611,110	$1,515,269	$451,994	$95,841
2023	$1,338,820	$1,307,702	$355,391	$31,118
2022	$1,080,396	$1,083,421	$323,750	$-3,025
2021	$1,358,261	$1,324,016	$334,665	$34,245
2020	$1,002,187	$949,250	$306,424	$52,937
2019	$64,777	$16,259	$253,487	$48,518
2018	$33,743	$23,994	$204,364	$9,749

UTAH CUTTING HORSE ASSOCIATION