Region 5 Arabian Horse Association
Nonprofit profile at a glance
- EIN
- 872761577
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Graham, WA, USA
- Phone
- 2532796722
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $274,999
- Expenses
- $267,198
- Assets
- $212,644
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- DENISE CUMMINGS (VICE-DIRECTOR)
- JULIE KARNATH (SECRETARY)
- PATRICIA HOUGH (TREASURER)
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
To promote the arabian horse, its welfare, and the interests of arabian horse owners, breeders, and enthusiasts within region 5 through community outreach, horse shows, and youth activities designed to ensure lifelong interest in the arabian horse. We give back by supporting our partner clubs, the arabian horse association, and related charities which benefit members in need.
What it reported doing in 2024
Sport horse regional championship horse show: this show improved dramatically from a change in venue and management which reduced expenses significantly and allowed the show to be a good earner for the region.
Operating model
- Revenue model
- Other-operating. 82% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 95% 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 83
- Accountability: 82
- Sustainability: 49
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.2%; rating input score 85
- Program expense ratio: 87.6%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd 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: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.8%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 0.8; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -8% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: -3.7% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 85.2% of revenue deployed · 87.6% of spending went to programs
- Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $234K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 37 of 38 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 46/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.