Regions 3 Championships Inc

Nonprofit profile at a glance

EIN
452532002
IRS 990-EZ coverage
2012–2013
Forms available
Form 990-EZ 2013
Location
Stoughton, WI, USA
Phone
6088738207
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$5,049
Expenses
$63,354
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

2 people listed

People named in this filing

  • RON MILLER (EVENT CHAIRPERSON)
  • JENNIFER HORTON (VICE CHAIRPERSON)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance and encourage american quarter horse ownership. To encourage american quarter horse owners and riders to participate in competitions designed to promote good horsemanship and develop their riding skills.

What it reported doing in 2013

Regions 3 championships' american quarterhorse regional championship event was held over a period of 5 days in st. Paul Minnesota. Events for all age groups enabled individuals to compete with their peers. All age groups - youth, adult & seniors - were represented. There were events for all levels of experience, from new riders to very experienced horsemen. To showcase the verstility of the american quarter horse various types of competition were held: trail, western pleasure, working hunter, open jumping, roping, barrel racing, etc. To enhance the riders' skills there were events such as showmanship, horsemanship and equitation.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1,154.8%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $178K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2012 to 2013
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.