Is Hawaii Quarter Horse Association Legit?

The Hawaii Quarter Horse Association appears to be a very small organization with minimal financial activity. For the periods 2010 and 2012, the organization reported consistent revenue and expenses of $2,000, resulting in no net income. Assets remained at $1,000 with no liabilities, indicating a stable but extremely limited financial footprint. The organization has not filed a 990 since 2012, and its latest reported revenue and assets are $0, which suggests it may be inactive or has ceased operations. This lack of recent financial data significantly impacts the ability to assess current financial health. Given the reported $0 revenue and assets for the latest period and the absence of recent filings, it's difficult to assess current spending efficiency or transparency. However, for the periods where data is available (2010 and 2012), all reported expenses matched revenue, implying that all funds were spent within the reporting period. Without a breakdown of these expenses, specific spending efficiency cannot be determined. The organization reported 0% officer compensation, which is a positive indicator for a small volunteer-run entity. Overall, the Hawaii Quarter Horse Association's financial history, based on the provided 990 data, shows a very small, stable operation during the early 2010s. The current status, with $0 revenue and assets and no recent filings, raises questions about its ongoing operations and financial viability. Transparency is limited by the age and scarcity of the available data.