Green Mountain Horse Association Inc
Nonprofit profile at a glance
- EIN
- 036011708
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- South Woodstock, VT, USA
- Phone
- 8024511509
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Equestrian
Reported finances
- Revenue
- $3,187,675
- Expenses
- $1,923,761
- Assets
- $8,249,417
- Liabilities
- $59,201
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- KATHY MCHUGH (PRESIDENT)
- SARAH CARLAN (VICE PRESIDENT)
- BRUCE PERRY (EXECUTIVE DIRECTOR)
Highest reported compensation
- BRUCE PERRY (EXECUTIVE DIRECTOR): $107,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Gmha provides recreational, educational, and competitive opportunities for a diverse equestrian community. To advance our mission we:- actively support local land conservation, as well as development and maintenance of trail networks;- embrace our role in the larger community;- provide a welcoming venue suited to diverse program needs;- host equestrian activities, competitions and educational opportunities in multiple disciplines for all ages and abilities; and- emphasize overall youth development in the cultivation of the next generation of equestrians.
What it reported doing in 2024
Programs were developed to teach children and adults proper care, use, training and selection of horses, animal welfare, stable management and to improve horsemanship skills. Approximately 76 educational and athletic events were held. At least 180 volunteers donated their time for a total number of volunteer hours in excess of 4,350. Gmha staff participated in conferences designed to improve their awareness and understanding of educational and competitive equestrian events, trail preservation and maintenance, and the growing equestrian recreational opportunities within the state of Vermont.
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 99% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 89
- Accountability: 90
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.5%; rating input score 47
- Program expense ratio: 73.7%; rating input score 74
- Fundraising efficiency: $17.08 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 39.7%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 4.29; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
- Officer compensation ratio: 5.6%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: 1.5% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 47.5% of revenue deployed · 73.7% of spending went to programs
- Governance: 14 of 14 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $107K · 15 people listed
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 16 filing years from 2009 to 2024
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- Review — Financial Efficiency: Fundraising efficiency scored 55/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 50/100.