National Reined Cow Horse Association (EIN 942248713) - 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

1949

Legal Domicile

Principal Officer

Paul Bailey

Phone

9404881500

Tax Period

2025-01-01 to 2025-12-31

National Reined Cow Horse Association, founded in 1949, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $16.7M left a modest 6% surplus.

Mission

To promote recognition of the Reined Cow Horse and preserve the training techniques and riding styles of the Spanish Vaquero cowboy of early California.

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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 $295,963

Program Service Revenue $16,474,498

Investment Income $954,019

Other Revenue $0

TOTAL REVENUE $17,724,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $889,275

Fundraising Expenses $0

Program Expenses $14,528,819

Other Expenses $15,843,999

TOTAL EXPENSES $16,733,274

Year-over-Year Comparison

	2025	2024	Change
Revenue	$17,724,480	$14,950,267	+0.2%
Expenses	$16,733,274	$13,808,702	+0.2%
Net Income	$991,206	$1,141,565	-0.1%

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

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

$176,885

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Konkel	Executive Director	040.00	Key Emp Highest	$176,885	$0	$176,885
Corey Cushing	Director	001.00	Director	$0	$0	$0
Dan Roeser	Director	001.00	Director	$0	$0	$0
Diane Edwards	Director	001.00	Director	$0	$0	$0
Todd Bergen	Director	001.00	Director	$0	$0	$0
Paul Bailey	President	005.00	Officer Director	$0	$0	$0
Joe Carter	Director	001.00	Director	$0	$0	$0
Jon Roeser	Director	001.00	Director	$0	$0	$0
Ben Baldus	Secretary	002.00	Officer Director	$0	$0	$0
Trey Neal	Vice-President	005.00	Officer Director	$0	$0	$0
Jake Telford	Director	001.00	Director	$0	$0	$0
Todd Crawford	Treasurer	003.00	Officer Director	$0	$0	$0
Boyd Rice	Director	001.00	Director	$0	$0	$0
Cayley Wilson	Director	001.00	Director	$0	$0	$0
Beverly Servi	Director	001.00	Director	$0	$0	$0
Jay McLaughlin	Director	001.00	Director	$0	$0	$0
Lance Johnston	Director	001.00	Director	$0	$0	$0
Lori Wyman	Director	001.00	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	$17,724,480	$16,733,274	$11,166,839	$991,206
2024	$14,950,267	$13,808,702	$9,399,732	$1,141,565
2023	$13,153,341	$12,784,732	$6,948,155	$368,609
2022	$12,005,254	$11,280,892	$6,639,091	$724,362
2021	$10,193,097	$9,392,545	$5,326,422	$800,552
2020	$9,123,732	$8,044,850	$4,551,243	$1,078,882
2019	$7,745,706	$7,313,673	$3,299,688	$432,033
2018	$6,955,993	$6,567,669	$2,851,894	$388,324

National Reined Cow Horse Association