Louisiana Quarter Horse Breeders Association
Nonprofit profile at a glance
- EIN
- 720741816
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Alexandria, LA, USA
- Phone
- 3184879506
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $8,493,254
- Expenses
- $7,366,167
- Assets
- $13,080,847
- Liabilities
- $1,214,819
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- KIRT CHAISSON (PRESIDENT)
People named in this filing
- KIRT CHAISSON (PRESIDENT)
- LARRY FINDLEY (1ST VP)
- JEROME BELLARD (2ND VP)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Facilitate quarterhorse breeding/provide economic and educational value to quarterhorse owners.
What it reported doing in 2025
Economic and educational value to horse owners welfare in breeding of quarter horses.
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.
The verdict
STRONG - 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 61
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.6%; rating input score 85
- Program expense ratio: 96.4%; rating input score 96
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.3%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 1.78; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 90; 90th percentile among comparable filings
Growth
- Program expense growth: -1.8% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -2.2% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 12th percentile among comparable filings
Details
- Where the money goes: 84.6% of revenue deployed · 96.4% of spending went to programs
- Governance: 14 of 14 board members independent · 5 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $7.1M in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2011 to 2025
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.