OREGON QUARTER HORSE RACING ASSOCIATION (EIN 930581523) - 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

1993

Legal Domicile

Phone

5037432528

Tax Period

2024-01-01 to 2024-12-31

OREGON QUARTER HORSE RACING ASSOCIATION, founded in 1993, is a small nonprofit that reported $386K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $439K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROMOTION OF HORSE RACING IN OREGON

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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 $3,015

Program Service Revenue $377,523

Investment Income $4,738

Other Revenue $452

TOTAL REVENUE $385,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,000

Fundraising Expenses $0

Other Expenses $420,599

TOTAL EXPENSES $438,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,728	$429,917	-0.1%
Expenses	$438,599	$390,207	+0.1%
Net Income	$-52,871	$39,710	-2.3%

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

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

$18,000

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEAH NELSON	Secretary	10.00	Officer Director	$18,000	$0	$18,000
MATT HUSE	BOARD	0.00	Director	$0	$0	$0
CHRIS PHILBROOK	President	1.00	Officer Director	$0	$0	$0
ROD LOWE	Vice President	1.00	Officer Director	$0	$0	$0
HECTOR MAGALLANES	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY DICKERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTI HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MALON COWGILL	BOARD MEMBER	1.00	Director	$0	$0	$0
SAUL RODRIGUEZ	BOARD MEMBER	1.00	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	$385,728	$438,599	$606,039	$-52,871
2023	$429,917	$390,207	$658,910	$39,710
2022	$358,791	$379,407	$619,200	$-20,616
2021	$540,112	$344,852	$631,522	$195,260
2020	$378,341	$200,981	$436,262	$177,360
2019	$306,494	$313,374	$258,902	$-6,880
2018	$286,603	$268,068	$265,782	$18,535

OREGON QUARTER HORSE RACING ASSOCIATION