North Central Reining Horse Association Inc
Nonprofit profile at a glance
- EIN
- 411469210
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Welch, MN, USA
- Phone
- 5072635363
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Agricultural Programs
Reported finances
- Revenue
- $639,539
- Expenses
- $622,263
- Assets
- $227,179
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- CARRIE BATEMAN (VICE-PRESIDENT)
- JOHN ZIMMERMAN (PRESIDENT)
Highest reported compensation
- JANICE FIER (TREASURER): $9,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and encourage development of and public interest in agriculture and ranching through the promotion and offering of public reining horse shows. By adhering to the standards of performance and judging intended to govern all reining horse contests as approved by the national reining horse association; to encourage the development and breeding of better reining horses; and to develop and disseminate informational tools to provide contestants and spectators a better understanding of a proper performance of the reining horse in the show arena.
What it reported doing in 2024
Encouraged the development and promotion of reining horses. In the current year ncrha had 6 shows ranging from 1 to 4 days with hundreds of contestants and thousands of spectators. There was also a futurity program held during the year, along with an end of the year banquet.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 90
- Accountability: 63
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.2%; rating input score 95
- Program expense ratio: 97.9%; rating input score 98
- 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: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.7%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 0.37; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 1.4%; rating input score 59; 59th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 95.2% of revenue deployed · 97.9% of spending went to programs
- Governance: 13 of 13 board members independent · 1 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $609K in reported program spending
- Leadership: top reported pay $9K · 13 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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 — Accountability: Governance controls: 6 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 44/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Sustainability: Officer compensation ratio scored 59/100.