International Gay Rodeo Assoc Inc

Nonprofit profile at a glance

EIN
841017597
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Aurora, CO, USA
Phone
3035174590
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Equestrian

Official website

Reported finances

Revenue
$120,231
Expenses
$81,292
Assets
$191,207
Liabilities
$69,763

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

Leadership & pay

23 people listed

Executive titles in this filing

  • Brian Helander (President)
  • Michael Vrooman (Vice President)
  • Tommy Channel (Executive Director)

People named in this filing

  • Sammy Simpkin (Trustees chair (RRRA))
  • Guy Puglisi (Trustees vice chair (NGRA))
  • Robert Thurtell (Trustees 2nd vice chair (CGRA))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

IGRA supports country/western sports heritage through education, training, competition and recognition in rodeo and other associated activities by developing, enhancing, and maintaining standards of amateur rodeo production, competition, and sportsmanship.

What it reported doing in 2024

Support gay country/western sports heritage via sanctioned rodeos and World Gay Rodeo Finals event held annually. Involved multiple competitors, rodeo schools and training clinics. Annual convention is held to improve standards of competition; to recognize achievements of individuals and member organizations; to develop current and future leaders; and to build and maintain historical archives for the sport of gay rodeo. In 2024, there were eleven (11) sanctioned rodeos plus the World Gay Rodeo Finals (held in El Reno, OK) involving 785 competitors in 6,634 events, four (4) rodeo training schools (DS, MO, AS, RR), and five (5) new Hall of Fame inductees at the annual IGRA Convention held in Grand Rapids, MI. There were four (4) donations totaling $6,250 directed through the IGRA Royalty program.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 89% 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 some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 86
  • Accountability: 82
  • Sustainability: 68
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.1%; rating input score 61
  • Program expense ratio: 90.2%; rating input score 90
  • Fundraising efficiency: $45.75 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • 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: 32.4%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 2.35; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 37.3% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 27.8% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 61.1% of revenue deployed · 90.2% of spending went to programs
  • Governance: 20 of 20 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $73K in reported program spending
  • Leadership: top reported pay $0 · 23 people listed
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.