Interscholastic Equestrian Assoc

Nonprofit profile at a glance

EIN
205381112
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Chagrin Falls, OH, USA
Phone
4404634452
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Services

Official website

Reported finances

Revenue
$4,015,281
Expenses
$4,148,123
Assets
$2,361,068
Liabilities
$121,405

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

Leadership & pay

13 people listed

Executive titles in this filing

  • KATIE SCHAAF (PRESIDENT)
  • DUSTIN BOEHMER (PRESIDENT EL)

Highest reported compensation

  • ROXANE DURANT (EXECUTIVE DI): $115,591 total reported compensation
  • KATIE SCHAAF (PRESIDENT): $6,738 total reported compensation
  • NANCY ARLEDGE (VOTING MEMBE): $4,845 total reported compensation

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

Overview

Mission

Iea's mission is to promote lifelong involvement in equestrian athletics. Iea wishes to introduce students in grades 4-8 (future) and 9-12 (upper school) to equestrian sports and to develop understanding and appreciation of equestrian sports through organized competitions and educational opportunities. Iea further wishes to inspire and facilitate adults to continue their journey in equestrian athletics for a lifetime.

What it reported doing in 2024

The iea undertook a major change in 24.25 as we focused on a technological overhaul to bring all of our operating systems for tracking members and events into a new, customized system that would integrate with more advanced payment systems, improved security, and general platform/operating advancements. That system overhaul and transition took dedication and overtime from staff and management, but the net result is a huge enhancement to our member experience and to an unavoidable upgrade since the prior operating system was no longer supported by existing technology. The iea continues to offer its adult pilot program, and included incorporation of the adult competitions and tracking into its new data systems. Additionally, the core educational component of the iea, its "hippology" program (study of horses and horsemanship) expanded significantly in 24.25. Incorporating the program into the new data systems brought a tremendous increase in participation adding about 1600 new participants. The iea also expanded its youth leadership program by expanding its youth board preparation down to the team level through its "team captains campaign" that encouraged all iea teams to designate a captain who would be the main point of contact for peer to peer communications.

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 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.8%; rating input score 85
  • Program expense ratio: 82.1%; rating input score 82
  • Fundraising efficiency: $23.88 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.3%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.57; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 84.8% of revenue deployed · 82.1% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3.4M in reported program spending
  • Leadership: top reported pay $116K · 13 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 23/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.