MORGAN HORSE CLUB OF WASHINGTON STATE INC (EIN 910212096) - 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

1964

Legal Domicile

Phone

2063001234

Tax Period

2023-01-01 to 2023-12-31

MORGAN HORSE CLUB OF WASHINGTON STATE INC, founded in 1964, is a micro nonprofit that reported $34K in total revenue in fiscal year 2023. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 40% operating margin.

Mission

A membership organization promoting the Morgan Horse Breed.

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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 $48,877

Program Service Revenue $0

Investment Income $296

Other Revenue $-15,264

TOTAL REVENUE $33,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $20,408

TOTAL EXPENSES $20,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,909	$13,077	+1.6%
Expenses	$20,408	$14,886	+0.4%
Net Income	$13,501	$-1,809	-8.5%

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

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
Nicole Barbour	President	4.00	Officer	$0	$0	$0
Katie Hoover	Vice President	4.00	Officer	$0	$0	$0
Leigh Wilson	Secretary	4.00	Officer	$0	$0	$0
Marla Miller	Treasurer	4.00	Officer	$0	$0	$0
Sandy Nichols	Director	1.00	Director	$0	$0	$0
Kristiana Wright	Director	1.00	Director	$0	$0	$0
Julianne Anderson	Director	2.00	Director	$0	$0	$0
Denise Lester	Director	2.00	Director	$0	$0	$0
Jennifer Unick	Past President	1.00	Officer	$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	No data	No data	No data	No data
2023	$33,909	$20,408	$151,576	$13,501

MORGAN HORSE CLUB OF WASHINGTON STATE INC