Reining Horse Foundation Inc

What it reported doing in 2024

Youth leadership & officers:"educating the future of reining"the national reining horse youth association (nrhya) is a leadership organization supported by the foundation, opent to all youth members of the association. Nrhya elects two delegates in each region of nrha competition and has six elected national officer positions - president, vice president, treasurer/secretary, historian, international liaison, and event coordinator. Affiliates can also elect a youth affiliate liaison role to allow for mor leadership positions accross the country.the nrhya has initiated a youth leadership and educational program titled the varsity reining club ("vrc") that is supported by the foundation and is open to all youth members of the association. The vrc was established to engage youth members and encourage them to become more active at both local and national levels. This program offers nrhya members opportunities to contribute to the youth association in additiona to developing valuable life skills that will allow them to be successful contributing members of society. In addition to the youth members interacting with one another and participating in the program, the foundation wants to provide life skills that will help them grow and mature. Stressing the importance of the community service, being an active member in a group and learning to work with others, public speaking, written communications skills and creativity are all important skills that can be futher developed by participating in this program. Nrhya members are awarded points for participating in the following leadership and educational type activities of the varsity reinging club: community service, volunteering and assisting at approved nrha events, assisting with fundraising activities of local clubs, photography of equine-related activities, creative writing concerning equine events (fictional or non-fictional), a news style article reporting on factual events that are equine related, arts and crafts with an equine-based theme, and holding and organizing an nrhya meeting. The foundation provides 13 scholarships totaling $5,000 in total awards to the vrc program each year, and the scholarships are awarded based on the points earned by the vrc participants.

Financial Efficiency

• Mission deployment rate: 57.1%; rating input score 57
• Program expense ratio: 84.4%; rating input score 84
• Fundraising efficiency: $32.39 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 7 controls in place; rating input score 100
  • 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: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 42.3%; rating input score 90; 90th percentile among comparable filings
• Total-asset coverage ratio: 7.94; rating input score 90; 90th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 68; 68th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 10.2% per year; rating input score 100; 63rd percentile among comparable filings
• Revenue growth: 19.6% per year; rating input score 100; 85th percentile among comparable filings
• Asset growth: 18.2% per year; rating input score 100; 79th percentile among comparable filings