OREGON QUARTER HORSE RACING ASSOCIATION

EIN: 930581523

TURNER, OR

Total Revenue
$449,166
Total Expenses
$557,221
Total Assets
$497,984
Net Assets
$497,984
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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
OR
Principal Officer
LEAH NELSON
Phone
5037432528
Tax Period
2025-01-01 to 2025-12-31

OREGON QUARTER HORSE RACING ASSOCIATION, founded in 1993, is a small nonprofit that reported $449K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $557K exceeded revenue, resulting in a 24% operating deficit.

Mission

OUR MISSION IS TO PROVIDE RACING OPPORTUNITIES FOR ALL QUARTERHORSE OWNERS, BREEDERS, STALLION OWNERS AND TRAINERS PARTICIPATING IN THE STATE OF OREGON. TO COMMUNICATE AND REPRESENT QUARTER HORSE INTEREST BEFORE THE OREGON RACING COMMISSION AND THE OREGON LEGISLATURE. TO COOPERATE AND WORK DIRECTLY WITH COMMERCIAL RACE TRACKS AND COUNTY FAIR ASSOCIATION TO ENHANCE RACING OPPORTUNITIES FOR ALL QUARTER HORSES. TO PROMOTE RACING OPPORTUNITIES FOR QUARTER HORSES, PARTICIPATING IN OREGON, TO THE FANS, CURRENT OWNERS, NEW OWNERS, BREEDERS, THE MEDIA, AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

ENCOURAGE IMPROVEMENTS AND GENERAL KNOWLEDGE OF THE QUARTER HORSE BREED BY PROMOTION OF RACING IN OREGON, WHICH IS GOVERNED BY THE OREGON RACING COMMISSION

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $439,449
Investment Income $3,081
Other Revenue $6,636
TOTAL REVENUE $449,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,000
Fundraising Expenses $0
Other Expenses $539,221
TOTAL EXPENSES $557,221

Year-over-Year Comparison

2025 2024 Change
Revenue $449,166 $385,728 +0.2%
Expenses $557,221 $438,599 +0.3%
Net Income $-108,055 $-52,871 +1.0%
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

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Governance

Voting Members
N/A
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT HUSE BOARD 0.00
Director
$0 $0 $0
CHRIS PHILBROOK PRESIDENT 1.00
Officer Director
$0 $0 $0
LEAH NELSON SECRETARY 10.00
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
2025 $449,166 $557,221 $497,984 $-108,055
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
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