Virginia Paint Horse Club Inc

Nonprofit profile at a glance

EIN
203081168
IRS 990 coverage
2025–2025
Forms available
Form 990 2025, Form 990-EZ 2024, Form 990-N 2019
Location
Drewryville, VA, USA
Phone
2024943640
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Other Services - Specialty Animals

Official website

Reported finances

Revenue
$68,670
Expenses
$71,445
Assets
$57,700
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Amanda Riley (President)
  • Tera Fauver (Vice President)

People named in this filing

  • Amanda Riley (President)
  • Tera Fauver (Vice President)
  • Mary Richard (Treasurer/ Futurity Chair/ Color Classic Stallion Service Sale Chair)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Virginia Paint Horse Club is a regional charter of the American Paint Horse Association. VPHC values our members and will offer accessibility and encouragement to achieve shared goals and objectives. To be aware of the needs, challenges, and opportunities of this club and give assistance and direction to help it grow. To make a positive impact on the equine industry in Virginia through sound financial policies and careful long rang planning. VPHC hosts membership events in the form of meetings, educational sessions, competitions and breeding incentive programs.

What it reported doing in 2025

2023 Virginia Color Classic Futurity Show - September 1-3, 2023 in Lexington, Virginia. Benefitted all members (approximately 100), non-member exhibitors (25) and breeders/stallion owners (30).

Operating model

Revenue model
Other-operating. 87% of the money available for current operations came from other operating revenue.
Distribution model
Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.

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: 89
  • Transparency & Controls: 90
  • Accountability: 12
  • Sustainability: 43
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • 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; 10th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -10.2% per year; rating input score 0; 30th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 10 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $71K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 38 of 38 current checks pass
  • Schedules: 1 filed schedules
  • 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: 4 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.