San Antonio Stock Show & Rodeo

Legal name: San Antonio Livestock Exposition Inc

Nonprofit profile at a glance

EIN
741075466
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
San Antonio, TX, USA
Phone
2102255851
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Fairs

Official website

Reported finances

Revenue
$50,701,300
Expenses
$48,367,022
Assets
$71,402,339
Liabilities
$21,524,199

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • CODY DAVENPORT (EXECUTIVE DIRECTOR/CEO)
  • PAT FROST (PRESIDENT)
  • PAUL BRACHER (VICE PRESIDENT)
  • TODD BROCKWELL (VICE PRESIDENT)
  • ALLEN COLE (VICE PRESIDENT/SECRETARY)
  • RUSTY COLLIER (VICE PRESIDENT)

Highest reported compensation

  • CODY DAVENPORT (EXECUTIVE DIRECTOR/CEO): $896,856 total reported compensation
  • JAMIE BROWN (CFO): $375,030 total reported compensation
  • CHRISTOPHER DERBY (MARKETING OFFICER): $355,315 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Developing the youth of Texas through scholarships, grants, endowments, and educational programs.

What it reported doing in 2024

San antonio livestock exposition (sale) annually celebrates livestock, stock show and rodeo held each february. There are various shows and activities that help to educate the public in the many aspects of these events. Various scholarships and funds are awarded to individual entries in the stock show which enables them to extend their education. Net funds from these and other activities are used to award scholarships for those qualified individuals. During february 2025 the program included 18 days of events. During the various livestock and other competitions, over 462 individuals were awarded scholarships; there were over 18,054 livestock competitors; over 1,386 entries in the horse show competition; 384 competitors in the calf scramble; over 1012 participants in the junior livestock auction; and over 450 competitors in the rodeo competition. There were over 7,768 volunteers that helped in all phases and aspects of this event and contributed to its overall success.

Operating model

Revenue model
Earned-program. 80% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 91% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 91
  • Accountability: 96
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.9%; rating input score 83
  • Program expense ratio: 86.1%; rating input score 86
  • Fundraising efficiency: $4.78 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.3%; rating input score 93; 44th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.6%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 1.48; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 4% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site
  • Where the money goes: 82.9% of revenue deployed · 86.1% of spending went to programs
  • Governance: 14 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $41.7M in reported program spending
  • Leadership: top reported pay $897K · 23 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $10.7M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.