Civic Intelligence

Virginia Horse Shows Association Inc

EIN 54-0473941 • 501(c)6 • Warrenton, VA

Profile

The vhsa is an association of show and individual members cooperating to promote the spot and to improve the breeding of horses in the commonwealth of virginia.

400 Rosedale Court 100Warrenton, VA 20186

www.vhsa.com

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.02x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

57th percentile

0.01x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Net Margin

28th percentile

-13%

Higher net margin than 28% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

22nd percentile

-27%

Faster asset growth than 22% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

38th percentile

-7.5%

Faster revenue growth than 38% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$157,745

Down $59,464 (-27%) from 2024

Liabilities

Down

$2,954

Down $229 (-7.2%) from 2024

Net Assets

Down

$154,791

Down $59,235 (-28%) from 2024

Revenue

Down

$449,303

Down $36,677 (-7.5%) from 2024

Expenses

Up

$508,538

Up $15,697 (+3.2%) from 2024

Net Income

Down

-$59,235

Down $52,374 (-763%) from 2024

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2010: $63,571Liabilities 2010: $0Net Assets 2010: $63,5712010Assets 2011: $75,050Liabilities 2011: $944Net Assets 2011: $74,1062011Assets 2012: $111,362Liabilities 2012: $1,521Net Assets 2012: $109,8412012Assets 2013: $125,239Liabilities 2013: $15Net Assets 2013: $125,2242013Assets 2014: $121,376Liabilities 2014: $1,907Net Assets 2014: $119,4692014Assets 2015: $157,346Liabilities 2015: $15Net Assets 2015: $157,3312015Assets 2016: $182,543Liabilities 2016: $15Net Assets 2016: $182,5282016Assets 2017: $140,253Liabilities 2017: $93Net Assets 2017: $140,1602017Assets 2018: $134,404Liabilities 2018: -$253Net Assets 2018: $134,6572018Assets 2019: $103,799Liabilities 2019: $2,312Net Assets 2019: $101,4872019Assets 2020: $72,116Liabilities 2020: $2,054Net Assets 2020: $70,0622020Assets 2021: $135,795Liabilities 2021: $2,142Net Assets 2021: $133,6532021Assets 2022: $199,115Liabilities 2022: $2,914Net Assets 2022: $196,2012022Assets 2023: $224,846Liabilities 2023: $3,959Net Assets 2023: $220,8872023Assets 2024: $217,209Liabilities 2024: $3,183Net Assets 2024: $214,0262024Assets 2025: $157,745Liabilities 2025: $2,954Net Assets 2025: $154,7912025

Highlighted filing

2025

Assets$157,745
Liabilities$2,954
Net Assets$154,791

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $400,2332010Revenue 2011: $379,601Expenses 2011: $369,066Net Income 2011: $10,5352011Revenue 2012: $390,827Expenses 2012: $355,092Net Income 2012: $35,7352012Revenue 2013: $390,284Expenses 2013: $374,902Net Income 2013: $15,3822013Revenue 2014: $374,611Expenses 2014: $380,366Net Income 2014: -$5,7552014Revenue 2015: $437,904Expenses 2015: $400,042Net Income 2015: $37,8622015Revenue 2016: $447,847Expenses 2016: $422,595Net Income 2016: $25,2522016Revenue 2017: $415,656Expenses 2017: $458,024Net Income 2017: -$42,3682017Revenue 2018: $452,225Expenses 2018: $457,727Net Income 2018: -$5,5022018Revenue 2019: $432,025Expenses 2019: $465,194Net Income 2019: -$33,1692019Revenue 2020: $359,844Expenses 2020: $391,269Net Income 2020: -$31,4252020Revenue 2021: $395,224Expenses 2021: $331,633Net Income 2021: $63,5912021Revenue 2022: $416,551Expenses 2022: $354,003Net Income 2022: $62,5482022Revenue 2023: $487,272Expenses 2023: $462,586Net Income 2023: $24,6862023Revenue 2024: $485,980Expenses 2024: $492,841Net Income 2024: -$6,8612024Revenue 2025: $449,303Expenses 2025: $508,538Net Income 2025: -$59,2352025

Highlighted filing

2025

Revenue$449,303
Expenses$508,538
Net Income-$59,235

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.58$0.03$1.55$4.49$5.09$0.59
2024Detailed filing. Detailed filing data is available for this year.$2.17$0.03$2.14$4.86$4.93$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.25$0.04$2.21$4.87$4.63$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.99$0.03$1.96$4.17$3.54$0.63
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.02$1.34$3.95$3.32$0.64
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.02$0.70$3.60$3.91$0.31
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.02$1.01$4.32$4.65$0.33
2018Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.35$4.52$4.58$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$4.16$4.58$0.42
2016Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$4.48$4.23$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$4.38$4.00$0.38
2014Detailed filing. Detailed filing data is available for this year.$1.21$0.02$1.19$3.75$3.80$0.06
2013Summary only. Only limited summary data is available for this year.$1.25$0.00$1.25$3.90$3.75$0.15
2012Summary only. Only limited summary data is available for this year.$1.11$0.02$1.10$3.91$3.55$0.36
2011Summary only. Only limited summary data is available for this year.$0.75$0.01$0.74$3.80$3.69$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.00$0.64$4.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2024 to Nov 30, 2025
Signed
Feb 14, 2026
Return Version
2024v5.5
Gross Receipts
$449,303
Mission and Program Overview

Mission

The vhsa is an association of show and individual members cooperating to promote the sport and to improve the breeding of horses in the commonwealth of virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$217,209$157,745▼ $59,464
Rtn Earn Endowment Incm Other Fnds$214,026$154,791▼ $59,235
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$217,209$157,745▼ $59,464
Liabilities
Other Liabilities$3,183$2,954▼ $229
Total Liabilities$3,183$2,954▼ $229
Net Assets / Fund Balance
Total Net Assets Fund Balance$214,026$154,791▼ $59,235
Total Liabilities and Net Assets / Fund Balance$217,209$157,745▼ $59,464
Compensation and Service Providers

Board Members and Trustees

NameTitle
Walter J LeePresident
Oliver BrownVice-president
Ada CosbyDirector
Betty R OareDirector
Carol ReedyDirector
Chris WynneDirector
Clyde a PoarchDirector
Dede Bache-shumateDirector
Elise RoschenDirector
Ernest M OareDirector
Gordon P ReistrupDirector
Jan SimpsonDirector
Jane GastonDirector
Jenny GrahamDirector
Meg RhodesDirector
Molly Trimble MooreDirector
Paul MatthewsDirector
Peg SealsDirector
Sandra RuizDirector
Sue GrossmannDirector
Sulu Rose ReedDirector
Tara BestDirector
William Howland JrDirector
Nancy PetersonSecretary
Wendy MathewsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$102,412
Program Service Revenue
$344,751
Investment Income
$1
Other Revenue
$2,139
Change in Net Assets
$-59,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,981
Salaries, Compensation, and Employee Benefits$180,423
Grants and Similar Amounts Paid$12,134
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,975$100,462-$167,437
Conferences and Meetings$77,394--$77,394
Office Expenses$12,211$18,321-$30,532
Occupancy-$19,248-$19,248
Payroll Taxes$5,194$7,792-$12,986
Grants to Domestic Individuals$12,134--$12,134
All Other Expenses$4,705$5,052-$9,757
Other Expenses$9,271--$9,271
Insurance-$2,886-$2,886
Fees for Services Accounting-$2,661-$2,661
Travel$900$1,350-$2,250
Total Functional Expenses$350,766$157,772$0$508,538
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
Payroll Liabilities$2,954
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The membership of this corporation consists of show members and individual members. The voting power at meetings of the corporation shall be lodged solely in the show members, as vested in the show's representative, and in senior individual members. Each show will have one vote and each senior individual member shall have one vote. Junior members are not entitled to vote for the board of directors or any other matter except for junior exhibitor of the year. For voting purposes, a senior member must be a member in good standing as of september 1 preceding any member meeting or election of officers and shall not be represented at any regular or special meeting of the corporation by attorney, agent or proxy. The show membership shall be issued only to persons who are members of such horse shows as may be recognized by the board of directors in their discretion, any only one member of any such horse show, who shall be designated by such horse show, may hold show membership at any one time. To be eligible to be recognized by the board of directors as a show representative, a horse show must send to the secretary of the corporation. The name of the representative to represent its show membership with full voting power and a list of his or her credentials. A written statement that the said show will abide by the rules and regulations prescribed by the corporation for holding and continuing horse shows, and will hold its shows at such date or dates as may be assigned to it by this corporation shall be on file before dates are assigned.

Form 990, Part VI, Section A, Line 7A

The individual memberships, life, senior and junior, shall be issued to such reputable persons as may apply therefore and be accepted by the board of directors. The individual, life, senior and junior members may attend membership meetings, and regular life and senior members shall be eligible for election to any of the officers (president, vice-president, secretary, treasurer and board of directors) of the corporation and shall have one vote. Regular junior members shall not be eligible to be elected to any office of the corporation until after reaching the age of eighteen, and shall be entitled to vote for junior exhibitor of the year. However, a junior member shall retain his or her junior status during the entire year of his or her attaining the age of eighteen.

Form 990, Part VI, Section B, Line 11B

Each year, the board reviews a draft of the form 990 during board meeting. The organization's outside preparer presents the form 990 to the board and responds to questions. After review and discussion the preparer finalizes the form 990 and sends it to the treasurer.

Form 990, Part VI, Section C, Line 19

The organization makes these documents available upon request.

Filing and Contact Details

Filer

Filer Name
Virginia Horse Shows Association Inc
EIN
54-0473941
Phone
5403490910
Address
400 ROSEDALE COURT 100, WARRENTON, VA 20186

Signing Officer

Name
Walter J Lee President
Title
President
Phone
5403490910
Signed
2026-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Walter J Lee
Formed
1947
Legal Domicile
Va
Voting Board Members
2,000
Independent Board Members
2,000
Employees
3
Volunteers
50

Preparer

Firm
Compass US Accountants & Advisors
Address
7500 OLD GEORGETOWN RD 1205, BETHESDA, MD 20814
Preparer
Sherman Ledet
Phone
3019418090
Raw XML AppendixShowing 400 of 476 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm15OLIVER BROWN
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IRS990/Form990PartVIISectionAGrp/PersonNm23WENDY MATHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm24WILLIAM HOWLAND JR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt012134
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt012134
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE VHSA IS AN ASSOCIATION OF SHOW AND INDIVIDUAL MEMBERS COOPERATING TO PROMOTE THE SPORT AND TO IMPROVE THE BREEDING OF HORSES IN THE COMMONWEALTH OF VIRGINIA.
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IRS990/NetAssetsOrFundBalancesEOYAmt0154791
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019248
IRS990/OccupancyGrp/TotalAmt019248
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018321
IRS990/OfficeExpensesGrp/ProgramServicesAmt012211
IRS990/OfficeExpensesGrp/TotalAmt030532
IRS990/OfficerMailingAddressInd00
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IRS990/OtherExpensesGrp/Desc1VA EQ ALLIANCE EXPENSE
IRS990/OtherExpensesGrp/Desc2MEDAL & GROOMER AWARD E
IRS990/OtherExpensesGrp/Desc3VA HORSE INDUSTRY BOARD
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IRS990/OtherExpensesGrp/ProgramServicesAmt127106
IRS990/OtherExpensesGrp/ProgramServicesAmt219712
IRS990/OtherExpensesGrp/ProgramServicesAmt39271
IRS990/OtherExpensesGrp/TotalAmt0115164
IRS990/OtherExpensesGrp/TotalAmt127106
IRS990/OtherExpensesGrp/TotalAmt219712
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt066975
IRS990/OtherSalariesAndWagesGrp/TotalAmt0167437
IRS990/PartialLiquidationInd00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt05194
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERSHIP OF THIS CORPORATION CONSISTS OF SHOW MEMBERS AND INDIVIDUAL MEMBERS. THE VOTING POWER AT MEETINGS OF THE CORPORATION SHALL BE LODGED SOLELY IN THE SHOW MEMBERS, AS VESTED IN THE SHOW'S REPRESENTATIVE, AND IN SENIOR INDIVIDUAL MEMBERS. EACH SHOW WILL HAVE ONE VOTE AND EACH SENIOR INDIVIDUAL MEMBER SHALL HAVE ONE VOTE. JUNIOR MEMBERS ARE NOT ENTITLED TO VOTE FOR THE BOARD OF DIRECTORS OR ANY OTHER MATTER EXCEPT FOR JUNIOR EXHIBITOR OF THE YEAR. FOR VOTING PURPOSES, A SENIOR MEMBER MUST BE A MEMBER IN GOOD STANDING AS OF SEPTEMBER 1 PRECEDING ANY MEMBER MEETING OR ELECTION OF OFFICERS AND SHALL NOT BE REPRESENTED AT ANY REGULAR OR SPECIAL MEETING OF THE CORPORATION BY ATTORNEY, AGENT OR PROXY. THE SHOW MEMBERSHIP SHALL BE ISSUED ONLY TO PERSONS WHO ARE MEMBERS OF SUCH HORSE SHOWS AS MAY BE RECOGNIZED BY THE BOARD OF DIRECTORS IN THEIR DISCRETION, ANY ONLY ONE MEMBER OF ANY SUCH HORSE SHOW, WHO SHALL BE DESIGNATED BY SUCH HORSE SHOW, MAY HOLD SHOW MEMBERSHIP AT ANY ONE TIME. TO BE ELIGIBLE TO BE RECOGNIZED BY THE BOARD OF DIRECTORS AS A SHOW REPRESENTATIVE, A HORSE SHOW MUST SEND TO THE SECRETARY OF THE CORPORATION. THE NAME OF THE REPRESENTATIVE TO REPRESENT ITS SHOW MEMBERSHIP WITH FULL VOTING POWER AND A LIST OF HIS OR HER CREDENTIALS. A WRITTEN STATEMENT THAT THE SAID SHOW WILL ABIDE BY THE RULES AND REGULATIONS PRESCRIBED BY THE CORPORATION FOR HOLDING AND CONTINUING HORSE SHOWS, AND WILL HOLD ITS SHOWS AT SUCH DATE OR DATES AS MAY BE ASSIGNED TO IT BY THIS CORPORATION SHALL BE ON FILE BEFORE DATES ARE ASSIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INDIVIDUAL MEMBERSHIPS, LIFE, SENIOR AND JUNIOR, SHALL BE ISSUED TO SUCH REPUTABLE PERSONS AS MAY APPLY THEREFORE AND BE ACCEPTED BY THE BOARD OF DIRECTORS. THE INDIVIDUAL, LIFE, SENIOR AND JUNIOR MEMBERS MAY ATTEND MEMBERSHIP MEETINGS, AND REGULAR LIFE AND SENIOR MEMBERS SHALL BE ELIGIBLE FOR ELECTION TO ANY OF THE OFFICERS (PRESIDENT, VICE-PRESIDENT, SECRETARY, TREASURER AND BOARD OF DIRECTORS) OF THE CORPORATION AND SHALL HAVE ONE VOTE. REGULAR JUNIOR MEMBERS SHALL NOT BE ELIGIBLE TO BE ELECTED TO ANY OFFICE OF THE CORPORATION UNTIL AFTER REACHING THE AGE OF EIGHTEEN, AND SHALL BE ENTITLED TO VOTE FOR JUNIOR EXHIBITOR OF THE YEAR. HOWEVER, A JUNIOR MEMBER SHALL RETAIN HIS OR HER JUNIOR STATUS DURING THE ENTIRE YEAR OF HIS OR HER ATTAINING THE AGE OF EIGHTEEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR, THE BOARD REVIEWS A DRAFT OF THE FORM 990 DURING BOARD MEETING. THE ORGANIZATION'S OUTSIDE PREPARER PRESENTS THE FORM 990 TO THE BOARD AND RESPONDS TO QUESTIONS. AFTER REVIEW AND DISCUSSION THE PREPARER FINALIZES THE FORM 990 AND SENDS IT TO THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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