Southern Ohio Quarter Horse Association Inc

Nonprofit profile at a glance

EIN
310984758
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
New Albany, OH, USA
Phone
6142058056
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Animal-Related N.E.C.

Official website

Reported finances

Revenue
$1,250,937
Expenses
$1,295,988
Assets
$556,292
Liabilities
$644

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

Leadership & pay

11 people listed

Executive titles in this filing

  • JUDD PAUL (President)
  • MATT CLAYPOOL (Vice President)

People named in this filing

  • JUDD PAUL (President)
  • MATT CLAYPOOL (Vice President)
  • KRISTA CHANNELL (Secretary)

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 in all ways the interests of southern Ohio quarter horse owners. To support the youth in this industry. To increase the number of southern Ohio breeders and owners of quarter horses registered by the aqha. To help advance Ohio to the position of being the leading quarter horse state.

What it reported doing in 2024

The objective of the southern quarter horse association is to promote in all ways the interests of southern Ohio quarter horse owners. To increase the number of southern Ohio breeders and owners of quarter horses registered by the american quarter horse association and to help advance Ohio to the position of the leading quarter horse state. All the proceedings of the association shall be in harmony with the policies and activities of the american quarter horse association. The promotion of southern Ohio quarter horse owners and their horses includes horse shows sponsored by the association, year end recognition and awards, youth scholarships and our youth congress team. In 2024, our organization sponsored 4 horse shows with over 2,000 shown. We awarded more than $275,000 in awardss and prize money, over $19,500 in scholarships and spent $17,800 to sponsor our youth congress team, which represents southern Ohio quarter horse association at the all american quarter horse congress in columbus, oh.

Operating model

Revenue model
Earned-program. 98% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 90
  • Accountability: 6
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.8%; rating input score 93
  • Program expense ratio: 91.4%; rating input score 91
  • 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: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: -3.6%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 16.1% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 15.9% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 9.4% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 92.8% of revenue deployed · 91.4% of spending went to programs
  • Governance: 0 of 11 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2012 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.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.