American Hanoverian Society Inc

Nonprofit profile at a glance

EIN: 942801465
IRS 990 coverage: 2010–2025
Forms available: Form 990 2025
Location: Lexington, KY, USA
Phone: 8592554141
Rating: 58
Verdict: MIXED
Rating confidence: Moderate

Reported finances

Revenue: $411,966
Expenses: $389,212
Assets: $618,997
Liabilities: $202,113

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

RICK TOERING (EXECUTIVE VICE PRESIDENT)
MEG WILLIAMS (VICE PRESIDENT)
NATALIE DIBERARDINIS (PRESIDENT)

Highest reported compensation

JANICE THOMPSON (DIRECTOR): $63,463 total reported compensation
MEG WILLIAMS (VICE PRESIDENT): $2,400 total reported compensation
RICK TOERING (EXECUTIVE VICE PRESIDENT): $1,800 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate a nonprofit association of breeders, owners and friends for the promotion and preservation of the hanoverian horse and rhinelander horse on the north american continent; to maintain a public registry of hanoverian and rhinelander horses; to register (see schedule o) approved stallions, geldings, mares and foals with the society's registered brand; to disseminate information to breeders, owners and friends pertaining to the breeding and raising of hanoverian horses; to promote the performance of the hanoverian horse in dressage, eventing, hunting, jumping and driving, and generally to do all things appropriate to encourage public understanding of the hanoverian horse, its breeding and performance.

What it reported doing in 2025

Registry and integrity measures - the ahs makes registration and inspection available to breeders in many locations. The annual inspection tour includes as many as 50 public sites nationwide, and includes mare inspections and foal inspections, futurity classes, the mare performance tests, and stallion licensing opportunities. All horses (studbook mares, approved stallions, and registered foals) are dna tested. All approved stallions undergo rigorous approval processes. Ahs makes warmblood fragile foal syndrome testing for any horses available to members.

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

Financial Efficiency: 26
Transparency & Controls: 90
Accountability: 77
Sustainability: 42
Growth: 60

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 28.4%; rating input score 28
Program expense ratio: 31.2%; rating input score 31
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Accountability

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail

Sustainability

Operating margin: 5.5%; rating input score 48; 48th percentile among comparable filings
Total-asset coverage ratio: 1.59; rating input score 53; 53rd percentile among comparable filings
Liabilities to assets ratio: 0.33; rating input score 12; 12th percentile among comparable filings
Officer compensation ratio: 17.7%; rating input score 20; 20th percentile among comparable filings

Growth

Program expense growth: 2.1% per year; rating input score 100; 37th percentile among comparable filings
Revenue growth: -0.1% per year; rating input score 0; 20th percentile among comparable filings
Asset growth: 6.6% per year; rating input score 100; 51st percentile among comparable filings

Details

Where the money goes: 28.4% of revenue deployed · 31.2% of spending went to programs
Governance: 11 of 11 board members independent · 4 of 9 filing controls reported
Programs: 3 filed program accomplishments · $121K in reported program spending
Leadership: top reported pay $63K · 13 people listed
Consistency: 32 of 32 current checks pass
Schedules: 5 filed schedules
Filing history: 14 filing years from 2010 to 2025
Contacts: How to reach this organization
Money network: 4 filed money-flow records
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Financial Efficiency: Mission deployment rate scored 28/100.
Moderate — Financial Efficiency: Program expense ratio scored 31/100.
Moderate — Accountability: Governance controls: 5 of 9 not reported.
High — Growth: Revenue growth scored 0/100.
Moderate — Sustainability: Operating margin scored 48/100.
Review — Sustainability: Total-asset coverage ratio scored 53/100.
High — Sustainability: Liabilities to assets ratio scored 12/100.
High — Sustainability: Officer compensation ratio scored 20/100.