Florida High School Rodeo Association Incorporated EIN 59-2452598

Florida High School Rodeo Association Incorporated

EIN  59-2452598 Public charity (501(c)(3)) Lake Placid, FL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Promotes rodeo and encourages high school students to participate.
Leadership
Richard Guthrie · National Dir
Money in and out
$333K revenue, $337K expenses
Bottom line
100% program efficiency

Promotes rodeo and encourages high school students to participate. For fiscal year 2025 it reported $333K in revenue, $337K in expenses, and $14K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$333K
Pt VIII · Ln 12
Total expenses
$337K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate▲ +17% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -137% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$333K
FY20250%
Expenses
$337K
FY2025▲ +4%
Total assets
$42K
FY2025▲ +21%
Total liabilities
$28K
FY2025▲ +67%
Total revenue
$333K
Pt VIII · Ln 12
Total expenses
$337K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$42K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

3 program services account for $337K of program spending, described in the organization's own filed words · FY2024.
01

Rodeo event expenses consist of amounts paid to host the rodeo and travel expenses to send contestants to the national high school rodeo finals.

$244Kprogram expense
02

Awards-weekend averge winner buckles given at each rodeo to reward participants for their accomplishments at each rodeo. Awards are given at the state finals banquet. The top 15 point recipients in each event qualify for the state finals.

$83Kprogram expense
03

Scholarships are awarded to participants to encourage continuation of their education and participation in the sport of rodeo at the college level. All graduating seniors planning to attend college or trade school are eligable to apply.

$11Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlorida High School Rodeo Association Incorporated
EINHdr · item D59-2452598
Principal addressHdr · item CLake Placid, FL
WebsiteHdr · item Jfhsra.homestead.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
National Dir
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$333K
Total revenueLn 12$333K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$337K
Total functional expensesLn 25$337K

Balance Sheet

Part X · end of year
CashLn 1$39K
Total assetsLn 16$42K
Total liabilitiesLn 26$28K
Total net assetsLn 32$14K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $39K · Operating expenses/yr $337K
1.4 months
Where the money goes
Program services
Program services $337K · Total expenses $337K
100%
Management & General
Management & general $0 · Total expenses $337K
0%
Fundraising
Fundraising $0 · Total expenses $337K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $333K
0%
Government reliance
Government grants — · Total revenue $333K
Earned-income share
Program service revenue $333K · Total revenue $333K
100%
Investment reliance
Investment income $0 · Total revenue $333K
0%
Program self-sufficiency
Program service revenue $333K · Total expenses $337K
99%
Growth & trend
Revenue growth (YoY)
This year $333K · Prior year $334K
0%
Revenue CAGR
FY2020 $426K · FY2024 $333K
-6%
Net-asset trend (YoY)
End of year $14K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $333K · Expenses $337K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $42K
Net-asset ratio
Net assets $14K · Total assets $42K
34%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $42K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Guthrie · Reported title NATIONAL DIR · Highest reported compensation $0 · Total expenses $337K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $337K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth -0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$8K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$333K revenue · viewing · ⤓ 990 PDF
FY2024$334K revenue · ⤓ 990 PDF
FY2023$320K revenue · ⤓ 990 PDF
FY2022$405K revenue · ⤓ 990 PDF
FY2021$426K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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