Southern Nevada Horseshoers Association
Southern Nevada Horseshoers Association operates on minimal revenue, with expenses occasionally exceeding income.
EIN: 200750778 · Las Vegas, NV · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $1K |
| Program Spending | 80% |
| Net Assets | $2K |
| Transparency Score | 75/100 |
Is Southern Nevada Horseshoers Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Nevada Horseshoers Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Nevada Horseshoers Association
Southern Nevada Horseshoers Association (EIN: 200750778) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code S40. The organization reported total revenue of $1K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Nevada Horseshoers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Nevada Horseshoers Association is a micro nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2015–2018). Revenue has grown at a compound annual rate of -8.9%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $1K |
| Surplus / Deficit | $-374 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -35.6% |
| Months of Reserves | 19.1 months |
Financial Health Grade: B
In 2018, Southern Nevada Horseshoers Association reported a deficit of $374 with expenses exceeding revenue, holds 19.1 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2015–2018), Southern Nevada Horseshoers Association's revenue has declined at a compound annual growth rate (CAGR) of -8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -51.2% | +20.0% | -17.4% |
| 2016 | +54.7% | -44.4% | +54.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southern Nevada Horseshoers Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Southern Nevada Horseshoers Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $374, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is appropriate for an organization of this size and revenue level.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Southern Nevada Horseshoers Association's IRS 990 filings:
- Expenses exceeded revenue in two of three reported periods (2018: $1,424 expenses vs. $1,050 revenue; 2015: $2,134 expenses vs. $1,390 revenue), indicating potential reliance on reserves or inconsistent funding.
Strengths
The following positive indicators were identified for Southern Nevada Horseshoers Association:
- Consistent 0% officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
- Maintained zero liabilities in recent filings (2018, 2016), showing financial stability despite small scale.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Southern Nevada Horseshoers Association
Is Southern Nevada Horseshoers Association a legitimate charity?
Southern Nevada Horseshoers Association (EIN: 200750778) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 75/100. It has 3 years of IRS 990 filings on record. Total revenue: $1K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Southern Nevada Horseshoers Association spend its money?
Southern Nevada Horseshoers Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Southern Nevada Horseshoers Association tax-deductible?
Southern Nevada Horseshoers Association is registered as a tax-exempt nonprofit (EIN: 200750778). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Southern Nevada Horseshoers Association's spending goes to programs?
Southern Nevada Horseshoers Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southern Nevada Horseshoers Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Southern Nevada Horseshoers Association is above average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southern Nevada Horseshoers Association located?
Southern Nevada Horseshoers Association is headquartered in Las Vegas, Nevada and files with the IRS under EIN 200750778. It is classified under NTEE code S40.
How many years of IRS 990 filings does Southern Nevada Horseshoers Association have?
Southern Nevada Horseshoers Association has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1K in total revenue.
Is Southern Nevada Horseshoers Association a good charity?
Given its small scale, volunteer leadership (0% officer compensation), and consistent filing of IRS 990s, it appears to be a legitimate organization. Its financial health is stable but very modest, with revenues in the low thousands.
How does its spending efficiency compare to similar organizations?
Without detailed expense breakdowns, it's hard to compare precisely. However, the 0% officer compensation is a strong indicator of efficiency at the leadership level. The organization's small size means it likely has minimal overhead.
What are the primary sources of its revenue?
The provided data only states 'Revenue' without breakdown. For an organization of this type and size, common sources might include membership dues, small event fees, or local donations.
Filing History
IRS 990 filing history for Southern Nevada Horseshoers Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2015–2018), Southern Nevada Horseshoers Association's revenue has declined by 24.5%, moving from $1K to $1K. Total assets increased by 27.5% over the same period, from $2K to $2K. Total functional expenses fell by 33.3%, from $2K to $1K. In its most recent filing year (2018), Southern Nevada Horseshoers Association reported a deficit of $374, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $1K | $1K | $2K | $0 | — | View 990 |
| 2016 | $2K | $1K | $3K | $0 | — | View 990 |
| 2015 | $1K | $2K | $2K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $1K, expenses of $1K, and assets of $2K (revenue -51.2% year-over-year).
- 2016: Revenue of $2K, expenses of $1K, and assets of $3K (revenue +54.7% year-over-year).
- 2015: Revenue of $1K, expenses of $2K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Nevada Horseshoers Association:
Data Sources and Methodology
This transparency report for Southern Nevada Horseshoers Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.