Upha Membership Organization Inc

Nonprofit profile at a glance

EIN
611160197
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Midway, KY, USA
Phone
8592315070
Rating confidence
Limited

Reported finances

Revenue
$639,290
Expenses
$910,968
Assets
$1,047,327
Liabilities
$1,080,266

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

Leadership & pay

24 people listed

Executive titles in this filing

  • PAUL BOONE (PRESIDENT)
  • KRISTEN CARTER (FIRST VICE PRESIDENT)
  • MARK BODNAR (SECOND VICE PRESIDENT)
  • JIMMY ROBERTSON (IMMEDIATE PAST 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 better conditions of those engaged in the pursuit of various equine related activities; to support research aimed at improving the horse as a species; and to promote the development of a higher degree of efficiency for its members in their efforts to improve the general condition of the show horse industry.

What it reported doing in 2024

Classics program - the upha classics originated in 1974 to stimulate interest in young horses and to provide owners and trainers an opportunity to receive substantial prize money. In 1977, the first upha saddlebred classic grand championships were held at the american royal horse show in Kansas city, mo. Now, local qualifying classes, as well as classic grand championships, are held for saddlebreds, morgans and hackney ponies. The upha classics is a well-planned and proven program that contributes to the growth and prosperity of the show horse industry. The intent is to promote a high caliber event and generate a greater prize money return for young show horses.

Operating model

Revenue model
Earned-program. 61% of the money available for current operations came from fees and other program revenue.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 74
  • Sustainability: 23
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • 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: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: -42.5%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 1.15; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 1.03; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -1% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 26.5% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 21 of 21 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $589K in reported program spending
  • Leadership: top reported pay $102K · 24 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 5 filed schedules · includes major donors and related organizations
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 4/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.