Civic Intelligence

Arabian Horse Association

EIN 01-0744024 • 501(c)5 • Greenwood Village, CO

Profile

To aid and encourage the breeding, exhibiting, use and perpetuation of the arabian horse as well as the half-arabian and anglo-arabian horses.

6030 Greenwood Plaza Blvd Suite 100Greenwood Village, CO 80111

www.arabianhorses.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.25x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

78th percentile

0.24x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Source year 2025

Net Margin

23rd percentile

0.3%

Higher net margin than 23% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

93rd percentile

$177,660

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

$10M-$25M nonprofits • Source year 2025

Asset Growth

39th percentile

5.0%

Faster asset growth than 39% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Annualized from 2023 to 2025

Revenue Growth

16th percentile

-2.5%

Faster revenue growth than 16% of similar nonprofits.

501(c)5 • $10M-$25M nonprofits • Annualized from 2023 to 2025

Assets

Up

$9,932,698

Up $422,135 (+4.4%) from 2024

Liabilities

Up

$2,479,757

Up $286,450 (+13%) from 2024

Net Assets

Up

$7,452,941

Up $135,685 (+1.9%) from 2024

Revenue

Down

$10,503,696

Down $339,461 (-3.1%) from 2024

Expenses

Up

$10,474,029

Up $388,393 (+3.9%) from 2024

Net Income

Down

$29,667

Down $727,854 (-96%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $13,219,647Liabilities 2010: $10,237,936Net Assets 2010: $2,981,7112010Assets 2011: $13,497,171Liabilities 2011: $10,460,712Net Assets 2011: $3,036,4592011Assets 2012: $5,824,820Liabilities 2012: $2,841,036Net Assets 2012: $2,983,7842012Assets 2013: $5,137,611Liabilities 2013: $2,469,492Net Assets 2013: $2,668,1192013Assets 2014: $4,417,766Liabilities 2014: $2,378,713Net Assets 2014: $2,039,0532014Assets 2015: $5,026,977Liabilities 2015: $2,770,943Net Assets 2015: $2,256,0342015Assets 2016: $4,551,448Liabilities 2016: $2,608,136Net Assets 2016: $1,943,3122016Assets 2017: $4,337,536Liabilities 2017: $2,284,343Net Assets 2017: $2,053,1932017Assets 2018: $4,355,406Liabilities 2018: $2,773,847Net Assets 2018: $1,581,5592018Assets 2019: $4,082,827Liabilities 2019: $3,444,381Net Assets 2019: $638,4462019Assets 2020: $3,728,345Liabilities 2020: $2,947,172Net Assets 2020: $781,1732020Assets 2021: $5,279,381Liabilities 2021: $3,149,088Net Assets 2021: $2,130,2932021Assets 2022: $7,104,818Liabilities 2022: $2,549,950Net Assets 2022: $4,554,8682022Assets 2023: $9,005,960Liabilities 2023: $2,829,716Net Assets 2023: $6,176,2442023Assets 2024: $9,510,563Liabilities 2024: $2,193,307Net Assets 2024: $7,317,2562024Assets 2025: $9,932,698Liabilities 2025: $2,479,757Net Assets 2025: $7,452,9412025

Highlighted filing

2025

Assets$9,932,698
Liabilities$2,479,757
Net Assets$7,452,941

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,821,7202010Expenses 2011: $8,967,8242011Expenses 2012: $9,486,2172012Revenue 2013: $9,070,289Expenses 2013: $9,444,742Net Income 2013: -$374,4532013Revenue 2014: $9,745,156Expenses 2014: $9,873,217Net Income 2014: -$128,0612014Revenue 2015: $9,591,618Expenses 2015: $9,817,287Net Income 2015: -$225,6692015Revenue 2016: $9,940,569Expenses 2016: $10,280,450Net Income 2016: -$339,8812016Revenue 2017: $9,837,453Expenses 2017: $9,958,089Net Income 2017: -$120,6362017Revenue 2018: $9,940,035Expenses 2018: $10,394,528Net Income 2018: -$454,4932018Revenue 2019: $9,145,288Expenses 2019: $10,088,401Net Income 2019: -$943,1132019Revenue 2020: $9,923,822Expenses 2020: $10,079,746Net Income 2020: -$155,9242020Revenue 2021: $8,837,189Expenses 2021: $8,259,074Net Income 2021: $578,1152021Revenue 2022: $11,582,764Expenses 2022: $9,129,457Net Income 2022: $2,453,3072022Revenue 2023: $11,037,993Expenses 2023: $8,290,131Net Income 2023: $2,747,8622023Revenue 2024: $10,843,157Expenses 2024: $10,085,636Net Income 2024: $757,5212024Revenue 2025: $10,503,696Expenses 2025: $10,474,029Net Income 2025: $29,6672025

Highlighted filing

2025

Revenue$10,503,696
Expenses$10,474,029
Net Income$29,667

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.93$2.48$7.45$10.5$10.5$0.03
2024Detailed filing. Detailed filing data is available for this year.$9.51$2.19$7.32$10.8$10.1$0.76
2023Detailed filing. Detailed filing data is available for this year.$9.01$2.83$6.18$11.0$8.29$2.75
2022Detailed filing. Detailed filing data is available for this year.$7.10$2.55$4.55$11.6$9.13$2.45
2021Detailed filing. Detailed filing data is available for this year.$5.28$3.15$2.13$8.84$8.26$0.58
2020Detailed filing. Detailed filing data is available for this year.$3.73$2.95$0.78$9.92$10.1$0.16
2019Detailed filing. Detailed filing data is available for this year.$4.08$3.44$0.64$9.15$10.1$0.94
2018Detailed filing. Detailed filing data is available for this year.$4.36$2.77$1.58$9.94$10.4$0.45
2017Detailed filing. Detailed filing data is available for this year.$4.34$2.28$2.05$9.84$9.96$0.12
2016Detailed filing. Detailed filing data is available for this year.$4.55$2.61$1.94$9.94$10.3$0.34
2015Detailed filing. Detailed filing data is available for this year.$5.03$2.77$2.26$9.59$9.82$0.23
2014Detailed filing. Detailed filing data is available for this year.$4.42$2.38$2.04$9.75$9.87$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$2.47$2.67$9.07$9.44$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$2.84$2.98$9.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$10.5$3.04$8.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$10.2$2.98$9.82
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Feb 13, 2026
Return Version
2024v5.0
Gross Receipts
$10,503,696
Mission and Program Overview

Mission

To aid and encourage the breeding, exhibiting, use and perpetuation of the arabian horse as well as the half-arabian and anglo-arabian horses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,584,190$6,667,324▲ $2,083,134
Land, Buildings, and Equipment, Net$1,544,747$1,456,754▼ $87,993
Cash and Non-Interest-Bearing Accounts$1,915,502$703,106▼ $1,212,396
Inventories for Sale or Use$327,755$389,045▲ $61,290
Prepaid Expenses and Deferred Charges$212,272$153,944▼ $58,328
Intangible Assets$87,451$83,441▼ $4,010
Accounts Receivable$33,763$63,651▲ $29,888
Other Notes and Loans Receivable, Net-$49,064-
Total Assets$9,510,563$9,932,698▲ $422,135
Other Assets Total$804,883$366,369▼ $438,514
Liabilities
Other Liabilities$731,209$844,363▲ $113,154
Deferred Revenue$878,260$817,866▼ $60,394
Accounts Payable and Accrued Expenses$583,838$817,528▲ $233,690
Total Liabilities$2,193,307$2,479,757▲ $286,450
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,252,045$7,387,730▲ $135,685
Net Assets With Donor Restrictions$65,211$65,211→ $0
Total Net Assets Fund Balance$7,317,256$7,452,941▲ $135,685
Total Liabilities and Net Assets / Fund Balance$9,510,563$9,932,698▲ $422,135

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$194,637$4,525,789$4,720,426
Buildings$1,064,268$96,732$1,161,000
Land$129,000-$129,000
Leasehold Improvements$68,849$14,420$83,269

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$53,762---$53,762
2023$53,762---$53,762
2022$53,762---$53,762
2021$53,762---$53,762
2020$53,762---$53,762
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert S MoreyExecutive DiFT$165,981$11,679$177,660
Robert S MoreyExecutive Director-$165,981$13,278$177,660
Bradley ShortFinance DireFT$141,587$13,405$154,992
Bradley ShortFinance Director-$141,587$11,806$154,992
Nagendra ArakaliTech DirectoFT$125,226$17,740$142,966
Lovell WarnerLead DevelopFT$120,816$12,887$133,703
Leslie LockardSr DirectorFT$125,355$2,300$127,655

Board Members and Trustees

NameTitle
Lisa BlackstonePresident
Elizabeth HaarDirector at
Jim HagaleDirector at
Ralph ManningDirector at
Susan RaceyDirector at
Peggy WeemsReg Director
Deborah JohnsonPast Preside
Carla JacksonReg. Directo
Claude R ClarkReg. Directo
Cricket GatesReg. Directo
David DaughertyReg. Directo
Debbie Orr PriceReg. Directo
Deborah CinottoReg. Directo
Gretchen McdanielReg. Directo
Hillary HoffmanReg. Directo
Jim PorcherReg. Directo
Joshua SchildrothReg. Directo
Katie RussellReg. Directo
Lurline C CombsReg. Directo
Mary Lou HougeReg. Directo
Michael WilsonReg. Directo
Michelle Pease-paulsonReg. Directo
Ronald a GekiereReg. Directo
Tony ReidReg. Directo
Nancy a HarveySecretary
Lance WaltersTreasurer
Duane EsserVice Preside
Bruce JohnsonVP at Large
Peter ConwayVP at Large
Revenue and Support

Revenue Composition

Contributions and Grants
$483,935
Program Service Revenue
$9,362,440
Investment Income
$293,364
Other Revenue
$363,957
All Other Contributions
$474,645
Change in Net Assets
$29,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,503,696
Revenue Not Reported on Form 990
$254,787
Total Revenue per Audited Statements
$10,758,483
Total Revenue per Form 990
$10,503,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,255,974
Salaries, Compensation, and Employee Benefits$3,218,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,332,794
Fees for Services Other---$1,480,466
Other Employee Benefits---$488,049
Occupancy---$404,469
Advertising---$315,240
Information Technology---$300,846
Travel---$294,304
Other Expenses---$262,156
Payroll Taxes---$199,486
Royalties---$193,389
Current Officers, Directors, Trustees, and Key Employees---$179,670
Office Expenses---$155,781
Depreciation Depletion---$133,232
All Other Expenses---$35,221
Pension Plan Contributions---$18,056
Total Functional Expenses$0$0$0$10,474,029

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,474,029
Total Expenses per Audited Statements$10,474,029
Total Expenses per Form 990$10,474,029
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations to Prize Programs$784,479
Capital Lease Obligations$59,884
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has members.

Form 990, Page 6, Part VI, Line 7A

Based on the number of members in a region, members are selected to go to the annual convention where they can vote to elect certain offices within the governing body.

Form 990, Page 6, Part VI, Line 7B

Certain rule changes or additions have to be voted on by the delegates at the annual convention.

Form 990, Page 6, Part VI, Line 10B

All policies and procedures for regions are set forth in the yearly handbook.

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed by the accounting manager and controller, then presented to the board for review and approval before filing.

Form 990, Page 6, Part VI, Line 12C

All potential conflicts of interest are required to be reported as they occur.

Form 990, Page 6, Part VI, Line 15A

The organization had no changes in paid personnel.

Form 990, Page 6, Part VI, Line 15B

Compensation for hiring in 2021/2022 was determined via industry surveys and recruiting firm recommendations.

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Arabian Horse Association
EIN
01-0744024
Phone
3036964500
Address
6030 GREENWOOD PLAZA BLVD SUITE 100, GREENWOOD VILLAGE, CO 80111

Signing Officer

Name
Robert S Morey
Title
Executive Director
Phone
3036964500
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert S Morey
Formed
2003
Legal Domicile
Co
Voting Board Members
29
Independent Board Members
29
Employees
37
Volunteers
200

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Awards & shows: the administration and issuance of achievement awards for all purebred, half-arabian and anglo arabians duly enrolled, and the approval of particular horse shows. Convention: the annual meeting where delegates from member organizations gather to carry on the business of the assn.,including the election of officers, the approval of resolutions, and horse show rule changes. Racing: the coordination and promotion of arabian racing on a national level, related to the activities of the arab. Jockey club, on whose board of trustees the association has five seats. Futurities: additional prize money programs for arabians and half-arabians owned by association members and registered with the association, the arabian horse registry of america, or the canadian arabian horse registry. Youth activities: various activities such as essay contests regional youth team tournaments, youth achievement awards and team horse judging contests are held for youths under the age of eighteen. Communications and public relations: activities include the design and production of all association printed material such as pamphlets, brochures, prize lists, flyers, forms, show programs, and the annual handbook. In addition, this program is responsible for all public relations and promotional activities.

Form 990, Part V, Line 4B

CANADA

Form 990, Part IX, Line 11G

Professional fees 231,456 0 0 personnel & volunteers 1,249,010 0 0 total 1,480,466 0 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds may be established for either specific purposes or general operating use.

Schedule D, Page 3, Part X

Management believes that the organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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