Civic Intelligence

Tri Lakes Cutting Horse Association

EIN 92-1625088 • 501(c)3 • Lakeview, AR

Profile

The association is formed to encourage the development of, and public interest in promoting and sponsoring public cutting horse contests, public exhibition of cutting horses in conjunction with cattle and livestock; to present and participate in cutting horse events and other general livestock exhibitions, shows, and expositions; to establish standard rules for cutting horse contests; to standardize selection of equipment, judges and directors or spokespersons for such contests; and to encourage the development and breeding of finer cutting horses. To do everything necessary, appropriate or proper to fully implement the objectives and purposes of this association and follow ncha rules and regulations. Work to benefit the general public through promotion of national and international amateur sports and education on the heritage of the cutting horse.

706 Old Ferry RdLakeview, AR 72642

n/A

Siviq Scores

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

Liabilities / Assets

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

64th percentile

0.00x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

43rd percentile

-0.5%

Higher net margin than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

83rd percentile

$5,739

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

45th percentile

-5.5%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

74th percentile

23%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$27,042

Down $1,589 (-5.5%) from 2024

Liabilities

Up

$345

Up $345 from 2024

Net Assets

Down

$26,697

Down $1,934 (-6.8%) from 2024

Revenue

Up

$316,538

Up $59,224 (+23%) from 2024

Expenses

Up

$318,127

Up $71,520 (+29%) from 2024

Net Income

Down

-$1,589

Down $12,296 (-115%) from 2024

Trend Graphs

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2023: $18,172Liabilities 2023: $2482023Assets 2024: $28,631Liabilities 2024: $0Net Assets 2024: $28,6312024Assets 2025: $27,042Liabilities 2025: $345Net Assets 2025: $26,6972025

Highlighted filing

2025

Assets$27,042
Liabilities$345
Net Assets$26,697

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2023: $120,939Expenses 2023: $103,015Net Income 2023: $17,9242023Revenue 2024: $257,314Expenses 2024: $246,607Net Income 2024: $10,7072024Revenue 2025: $316,538Expenses 2025: $318,127Net Income 2025: -$1,5892025

Highlighted filing

2025

Revenue$316,538
Expenses$318,127
Net Income-$1,589

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 13, 2026
Return Version
2025v4.0
Gross Receipts
$316,538
Mission and Program Overview

Mission

The association is formed to encourage the development of, and public interest in promoting and sponsoring public cutting horse contests, public exhibition of cutting horses in conjunction with cattle and livestock; to present and participate in cutting horse events and other general livestock exhibitions, shows, and expositions; to establish standard rules for cutting horse contests; to standardize selection of equipment, judges and directors or spokespersons for such contests; and to encourage the development and breeding of finer cutting horses. To do everything necessary, appropriate or proper to fully implement the objectives and purposes of this association and follow ncha rules and regulations. Work to benefit the general public through promotion of national and international amateur sports and education on the heritage of the cutting horse.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,631$27,042▼ $1,589
Total Assets$28,631$27,042▼ $1,589
Liabilities
Accounts Payable and Accrued Expenses-$345-
Total Liabilities$0$345▲ $345
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,631$26,697▼ $1,934
Total Net Assets Fund Balance$28,631$26,697▼ $1,934
Total Liabilities and Net Assets / Fund Balance$28,631$27,042▼ $1,589
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jerry Don CunninghamBoard Member-$5,739$5,739
Janelle KaminskiSecretaryPT$4,500$4,500
Zach EasterlyBoard Member-$2,095$2,095
David BeebeBoard Member-$639$639

Board Members and Trustees

NameTitle
Deborah HeroldBoard Member
Dee Webb-mackenBoard Member
Jason LindsayBoard Member
Natalie RectorBoard Member
Daniel BealTreasurer
Philip SadlerVP/interim P
Revenue and Support

Revenue Composition

Contributions and Grants
$3,000
Program Service Revenue
$313,538
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,000
Change in Net Assets
$-1,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$318,127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$262,749$1,420-$264,169
Occupancy$15,400--$15,400
Other Expenses$13,983$22,965-$13,983
Fees for Services Legal-$1,610-$1,610
Total Functional Expenses$292,132$25,995$0$318,127
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Return is reviewed by treasurer and president before filing.

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

Each board member shall complete a conflict of interest disclosure each year. This disclosure shall report any relationship, transaction, position (volunteer or otherwise), or circumstance that could create a conflict or appearance of a conflict between the interests of the association and the board member. It is the obligation of the nominated or elected director to disclose any such conflict to the association. The current board of directors shall determine if a conflict of interest could hinder the ability of a nominated or elected director to make decisions that are solely in the best interest of the association. A (2/3) majority vote is required to remove a nominated or elected director due to conflict of interest. General membership shall be notified of a removal of directors due to conflict of interest.

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

Directors shall not receive any stated salary for their services as directors or as members of committees. Nothing herein contained shall be construed to preclude any director from serving the association in any other capacity as an officer, agent, employee or otherwise, and receiving compensation therefor.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Tri Lakes Cutting Horse Association
EIN
92-1625088
Phone
4792364465
Address
706 OLD FERRY RD, LAKEVIEW, AR 72642

Signing Officer

Name
Daniel Beal
Title
Treasurer
Phone
4792364465
Signed
2026-02-13

Organization Details

Principal Officer
Daniel Beal
Formed
2023
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
15

Preparer

Firm
Fair & Company Cpas Pllc
Address
6001 VALLEY RANCH DR, LITTLE ROCK, AR 72223-4585
Preparer
Kirstin M Davis CPA
Phone
5012276220
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The association is formed to encourage the development of, and public interest in promoting and sponsoring public cutting horse contests, public exhibition of cutting horses in conjunction with cattle and livestock; to present and participate in cutting horse events and other general livestock exhibitions, shows, and expositions; to establish standard rules for cutting horse contests; to standardize selection of equipment, judges and directors or spokespersons for such contests; and to encourage the development and breeding of finer cutting horses. To do everything necessary, appropriate or proper to fully implement the objectives and purposes of this association and follow ncha rules and regulations. Work to benefit the general public through promotion of national and international amateur sports and education on the heritage of the cutting horse.

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

Membership of individuals with the intent of promoting the sport of cutting in cutting horse shows and competitions. The association is based upon a membership of individuals with the intent of promoting the sport of cutting and cutting horses.

Form 990, Part IX, Line 11G

Administrative expenses 0 1,420 0 show expenses 262,749 0 0 total 262,749 1,420 0

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IRS990ScheduleA/PublicSupportCY509Pct00.99200
IRS990ScheduleA/PublicSupportPY509Pct00.98530
IRS990ScheduleA/PublicSupportTotal509Amt0689216
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0316538
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0258314
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0114364
IRS990ScheduleA/Total509Grp/TotalAmt0689216
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0316538
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0258314
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0119939
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0694791
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS FORMED TO ENCOURAGE THE DEVELOPMENT OF, AND PUBLIC INTEREST IN PROMOTING AND SPONSORING PUBLIC CUTTING HORSE CONTESTS, PUBLIC EXHIBITION OF CUTTING HORSES IN CONJUNCTION WITH CATTLE AND LIVESTOCK; TO PRESENT AND PARTICIPATE IN CUTTING HORSE EVENTS AND OTHER GENERAL LIVESTOCK EXHIBITIONS, SHOWS, AND EXPOSITIONS; TO ESTABLISH STANDARD RULES FOR CUTTING HORSE CONTESTS; TO STANDARDIZE SELECTION OF EQUIPMENT, JUDGES AND DIRECTORS OR SPOKESPERSONS FOR SUCH CONTESTS; AND TO ENCOURAGE THE DEVELOPMENT AND BREEDING OF FINER CUTTING HORSES. TO DO EVERYTHING NECESSARY, APPROPRIATE OR PROPER TO FULLY IMPLEMENT THE OBJECTIVES AND PURPOSES OF THIS ASSOCIATION AND FOLLOW NCHA RULES AND REGULATIONS. WORK TO BENEFIT THE GENERAL PUBLIC THROUGH PROMOTION OF NATIONAL AND INTERNATIONAL AMATEUR SPORTS AND EDUCATION ON THE HERITAGE OF THE CUTTING HORSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP OF INDIVIDUALS WITH THE INTENT OF PROMOTING THE SPORT OF CUTTING IN CUTTING HORSE SHOWS AND COMPETITIONS. THE ASSOCIATION IS BASED UPON A MEMBERSHIP OF INDIVIDUALS WITH THE INTENT OF PROMOTING THE SPORT OF CUTTING AND CUTTING HORSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RETURN IS REVIEWED BY TREASURER AND PRESIDENT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH BOARD MEMBER SHALL COMPLETE A CONFLICT OF INTEREST DISCLOSURE EACH YEAR. THIS DISCLOSURE SHALL REPORT ANY RELATIONSHIP, TRANSACTION, POSITION (VOLUNTEER OR OTHERWISE), OR CIRCUMSTANCE THAT COULD CREATE A CONFLICT OR APPEARANCE OF A CONFLICT BETWEEN THE INTERESTS OF THE ASSOCIATION AND THE BOARD MEMBER. IT IS THE OBLIGATION OF THE NOMINATED OR ELECTED DIRECTOR TO DISCLOSE ANY SUCH CONFLICT TO THE ASSOCIATION. THE CURRENT BOARD OF DIRECTORS SHALL DETERMINE IF A CONFLICT OF INTEREST COULD HINDER THE ABILITY OF A NOMINATED OR ELECTED DIRECTOR TO MAKE DECISIONS THAT ARE SOLELY IN THE BEST INTEREST OF THE ASSOCIATION. A (2/3) MAJORITY VOTE IS REQUIRED TO REMOVE A NOMINATED OR ELECTED DIRECTOR DUE TO CONFLICT OF INTEREST. GENERAL MEMBERSHIP SHALL BE NOTIFIED OF A REMOVAL OF DIRECTORS DUE TO CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTORS SHALL NOT RECEIVE ANY STATED SALARY FOR THEIR SERVICES AS DIRECTORS OR AS MEMBERS OF COMMITTEES. NOTHING HEREIN CONTAINED SHALL BE CONSTRUED TO PRECLUDE ANY DIRECTOR FROM SERVING THE ASSOCIATION IN ANY OTHER CAPACITY AS AN OFFICER, AGENT, EMPLOYEE OR OTHERWISE, AND RECEIVING COMPENSATION THEREFOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADMINISTRATIVE EXPENSES 0 1,420 0 SHOW EXPENSES 262,749 0 0 TOTAL 262,749 1,420 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028631
IRS990/TotalAssetsEOYAmt027042
IRS990/TotalAssetsGrp/BOYAmt028631
IRS990/TotalAssetsGrp/EOYAmt027042
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025995
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0292132
IRS990/TotalFunctionalExpensesGrp/TotalAmt0318127
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0345
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0345
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt028631
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt026697
IRS990/TotalProgramServiceExpensesAmt0292132
IRS990/TotalProgramServiceRevenueAmt0313538
IRS990/TotalReportableCompFromOrgAmt012973
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0313538
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0316538
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028631
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027042
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02400 SE HENDRIX RD
IRS990/USAddress/CityNm0GENTRY
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072734
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL BEAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04792364465
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRI LAKES CUTTING HORSE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0TRIL
ReturnHeader/Filer/EIN0921625088
ReturnHeader/Filer/PhoneNum04792364465
ReturnHeader/Filer/USAddress/AddressLine1Txt0706 OLD FERRY RD
ReturnHeader/Filer/USAddress/CityNm0LAKEVIEW
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072642
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474862555
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FAIR & COMPANY CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06001 VALLEY RANCH DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LITTLE ROCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0722234585
ReturnHeader/PreparerPersonGrp/PhoneNum05012276220
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRSTIN M DAVIS CPA
ReturnHeader/ReturnTs02026-02-16T12:31:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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