United Professional Horsemen's Association Foundation Inc
Nonprofit profile at a glance
- EIN
- 311014204
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Midway, KY, USA
- Phone
- 8592315070
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,708,779
- Expenses
- $697,881
- Assets
- $3,860,365
- Liabilities
- $32,853
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- KRISTEN CATER (FIRST VICE PRESIDENT)
- PAUL BOONE (PRESIDENT)
- JIMMY ROBERTSON (IMMEDIATE PAST PRESIDENT)
- MARK BODNAR (SECOND VICE PRESIDENT)
- JENNIFER MELLENKAMP (EXECUTIVE DIRECTOR)
Highest reported compensation
- JENNIFER MELLENKAMP (EXECUTIVE DIRECTOR): $102,132 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To educate the public in general horsemanship and matters related to the welfare of horses by any means conducive to that end; to educate and train individuals in the art of horsemanship; to encourage and promote horse shows and stimulate interest in and awareness of the general public in horse shows; to encourage, promote, and advance participation in equestrian activities through education and science; to undertake educational programs in equestrian activities through dissemination of equestrian educational materials; to award scholarships to amateur contestants in certain classes of show horse competitions.
What it reported doing in 2024
American royal program - the upha foundation and the american royal foundation partner for the upha american royal national championship horse show held annually in november at the american royal complex/hale arena in Kansas city, Missouri, to encourage and promote horse shows, stimulate interest in and awareness of the general public in horse shows and effect a better understanding among associations holding exhibitions of horses, to promote and advance participation in equestrian activities and increase awareness of equestrian sport.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 88
- Accountability: 79
- Sustainability: 81
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.4%; rating input score 44
- Program expense ratio: 67.9%; rating input score 68
- Fundraising efficiency: $4.88 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.5%; rating input score 95; 42nd 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: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 59.2%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 5.53; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 70; 70th percentile among comparable filings
- Officer compensation ratio: 14.6%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: -0% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: 12.1% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 9.5% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 44.4% of revenue deployed · 67.9% of spending went to programs
- Governance: 8 of 8 board members independent · 4 of 8 filing controls reported
- Programs: 7 filed program accomplishments · $474K in reported program spending
- Leadership: top reported pay $102K · 9 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 6 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- High — Financial Efficiency: Fundraising efficiency scored 17/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 24/100.