NRHA Financial Information

Occasionally, individuals will inquire or make statements about NRHA’s finances. To be forthcoming about this and the association’s policies, governance, and other topics, we provide information to members via the NRHA website. In the Members Only section, the following is provided so that members can access it anytime they desire:

  • Financial Information: Audit report and financial overview
    • NOTE: NRHA and the Reining Horse Foundation are audited every year, most recently by Van Wieren & Jones, Inc. of Edmond, Oklahoma. Additionally, NRHA underwent an IRS audit a few years ago, and the IRS notified NRHA our organization continues to qualify for exemption for Federal income tax and no changes to our Form 940 and 941.
  • Association information: Minutes, committee reports, and ratified e-votes
  • NRHA Corporate Record Book: Passed resolutions, policies, and procedures
    • This includes such items as reimbursement, conflict of interest, whistle-blower, and investment policies
  • Articles of Incorporation, Bylaws, Rules & Regulations, and the NRHA disciplinary action list
  • Most memberships include a subscription to the NRHA Reinerwhich provides informative and educational materials about the industry

NRHA is legally required to provide our Form 990 and Form 990T tax return to anyone who requests it. If you would like to request a copy please contact John Foy, and he will gladly comply with the request. Otherwise, the Form 990 can be accessed via Guidestar.org. A person only needs to join Guidestar.org to access this information. There is no fee to sign up or to be able to look-up any organization’s Form 990. The same information is available for RHF, as well.

Due to their confidential nature, NRHA does not disclose detailed financial records or contracts.

Other related items of note related to NRHA’s health and performance in growing the sport:

  • NRHA membership has remained relatively stable, especially in comparison to other organizations
    • 2013 = 14,784
    • 2017 = 14,866
    • In 2017, Associate memberships targeted to entry level or beginning reiners increased 13% over the previous year
  • Competition licenses have grown steadily in recent years
    • 2013 = 9,404
    • 2017 = 9,804
  • Nominations also have grown
    • North America
      • 2013 = 2,424
      • 2017 = 2,622
    • Europe
      • 2013 = 699
      • 2017 = 1,151
  • Entry Level Reining entries continue the trend
    • 2013 = 4,348
    • 2017 = 8,891
    • Category 2 & 6 aged events show nearly the same percentage of growth (more than double) in the same time frame
  • Total NRHA entries have been strong
    • 2013 = 73,910
    • 2017 = 102,875

We hope this information is helpful to you as a  member. NRHA is in a strong position thanks to board members, committee members, staff, and others who bring enthusiasm for making the reining world stronger.

Some helpful definitions: 

Form 990 – Return of Organization Exempt from Income Tax (this is basically our exempt tax return, it has both financial and organizational information provided) 

Form 990T – Exempt Organization Business Income Tax Return (this is the return NRHA uses to pay taxes on those activities NRHA engages in that is not tax exempt, primarily Reiner advertising and sponsorship)

Form 940 – Employer’s Annual Federal Unemployment (FUTA) Tax Return

Form 941 – Employer’s QUARTERLY Federal Tax Return