Colorado Reined Cow Horse Association

Nonprofit profile at a glance

EIN
841356129
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Delta, CO, USA
Phone
9704627343
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Animal Training, Behavior

Reported finances

Revenue
$1,053,966
Expenses
$997,158
Assets
$103,395
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • TAWNY FYE (President)
  • NICOLE WESTFALL (Vice President)

Highest reported compensation

  • EMILY PARRY (Executive Dir.): $18,551 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Building relationships and connections by showcasing the supreme working equine athlete while maintaining the culture and history of the sport.

What it reported doing in 2024

Founded May 30, 1996, the Colorado Reined Cowhorse Association paved a path for horsemen alike to showcase the talent and diversity of the ever-growing sport of working cowhorse. We are proud to offer futurities, derbies, horse show classes, and spectaculars through the open, non pro, and youth classes. Through the years the CRCA has been voted affiliate and reserve affiliate of the year by our parent association NRCHA. We as an association are led by a board of 12 members elected by the general membership each year. The board of directors try and improve each and every show to make it a competitive, fun and rewarding experience. We pride ourselves in the camaraderie, leadership, and friendships you witness at all of our shows. With shows in different parts of Colorado, Wyoming, and Nebraska not only do we get to see beautiful landscapes but we are also afforded the best facilities in the area.

Operating model

Revenue model
Earned-program. 88% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 60
  • Sustainability: 43
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.6%; rating input score 94
  • Program expense ratio: 98.9%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.4%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.1; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 93.6% of revenue deployed · 98.9% of spending went to programs
  • Governance: 10 of 12 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $986K in reported program spending
  • Leadership: top reported pay $19K · 13 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 2 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • Review — Sustainability: Officer compensation ratio scored 59/100.