National Snaffle Bit Association Inc
Nonprofit profile at a glance
- EIN
- 581571998
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Weatherford, TX, USA
- Phone
- 8476236722
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $7,347,856
- Expenses
- $7,156,066
- Assets
- $6,370,337
- Liabilities
- $2,321,492
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- KEVIN DUKES (President)
- PHIL HARRIS (PRESIDENT-ELECT)
- RICH CARR (Vice President)
Highest reported compensation
- STEPHANIE LYNN (Executive Dir.): $176,410 total reported compensation
- NICOLE BARNES (DIR SALES TWTG): $114,746 total reported compensation
- CHRISTOPHER HERNANDEZ (IT MANAGER): $106,321 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the National Snaffle Bit Association, Inc. is to grow the show horse community through various equine program and events where every activity benefits horses, breeders, owners and exhibitors alike.
What it reported doing in 2024
Breeders Championship Futurity - a comprehensive program designed to appeal to breeders, owners, trainers, and exhibitors alike by offering a full slate of classes and paybacks available only to offspring of participating stallions. BCF eligible offspring compete for an annual purse of over $300,000 in offered classes from yearlings through six-years old. BCF nominated horses are also allowed to participate in the NSBAs BCF Yearling Sale held each year in conjunction with the NSBA World Championship Show and Breeders Championship Futurity.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 71
- Accountability: 90
- Sustainability: 39
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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: 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: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.6%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 5.6%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 10.7% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 13.3% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 17 of 17 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $176K · 20 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $780K reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 43/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Review — Sustainability: Officer compensation ratio scored 50/100.