TOTAL REVENUE - FISCAL 2024
$1,272,151
Down 5.6% from $1,348,009 in fiscal 2023.
Washington State Horse Park Authority
Cle Elum, Washington - EIN 33-1197391 - Latest filing: fiscal 2024 (Jan 1, 2024 - Dec 31, 2024)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2024 Form 990, filed Apr 30, 2026. People named below are shown as reported on the fiscal-2024 Form 990, filed Apr 30, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Washington State Horse Park Authority reported $1,272,151 in revenue and $1,447,882 in expenses in fiscal 2024, a deficit of $175,731 for the year. Program services took $1,171,268 of expenses, or 80.9%. The organization closed the year with $7,196,814 in net assets - about 59.6 months of expenses at the fiscal-2024 spending level.
At a Glance - Fiscal 2024
All values are fiscal 2024 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2024
$1,447,882
Revenue minus expenses: -$175,731 in fiscal 2024.
PROGRAM EXPENSE SHARE - FISCAL 2024
80.9%
$1,171,268 of $1,447,882 went to program services.
NET ASSETS - END OF FISCAL 2024
$7,196,814
Total assets $7,313,140 minus total liabilities $116,326.
TOP EXECUTIVE PAY - FISCAL 2024
$138,795
Wendy Hensley, Executive Dir., as reported on the fiscal-2024 Form 990, filed Apr 30, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2024
11 Employees
Money In, Money Out - Fiscal 2024
Revenue and expenses as reported on the fiscal-2024 Form 990, filed Apr 30, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2024
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2024: $0.00 - $428 in fundraising expenses divided by $450,510 in total contributions. On cash contributions only: $0.00.
Where the Money Came From - Fiscal 2024
| Source | Fiscal 2024 |
|---|---|
| Total Contributions | $450,510 |
| Of Which Cash Contributions | $318,640 |
| Of Which Donated Goods (Noncash) | $131,870 |
| Membership Dues | $14,798 |
| Fundraising Events | $187,046 |
| All Other Contributions | $248,666 |
| Program Service Revenue | $848,564 |
| Investment Income | $9,684 |
| Other Revenue | -$36,607 |
| Total Revenue (All Sources) | $1,272,151 |
Government Grants - Not Broken Out
The fiscal-2024 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
The fiscal-2024 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
Donated Goods Are a Large Share Here
For this organization, donated goods were $131,870 of $450,510 in contributions in fiscal 2024 - a large share of reported contributions is goods valued in dollars, not cash. The cash and noncash split is shown above, and any cost-to-raise-a-dollar figure is shown both ways.
Reserves and Balance Sheet - Fiscal 2024
Reserves and Runway
59.6 Months
of reserves - $7,196,814 in net assets at the end of fiscal 2024, divided by average monthly expenses of about $120,656 in fiscal 2024.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2024
| Total Assets | $7,313,140 |
| Total Liabilities | $116,326 |
| Liabilities as Share of Assets | 1.6% |
| Net Assets | $7,196,814 |
Leadership Pay - Fiscal 2024
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2024 Form 990, filed Apr 30, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2024 | Share of Expenses |
|---|---|---|
| Wendy Hensley - Executive Dir. | $138,795 | 9.59% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2024
Board and policy answers as reported on the fiscal-2024 Form 990, filed Apr 30, 2026.
Board Roster - as Reported on the Fiscal-2024 Form 990
10 voting members, 10 independent - independence count as reported on the fiscal-2024 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Wendy Hensley | Executive Dir. |
| Todd Trewin | President |
| Kathy Meyers | Vice President |
| Mitch Williams | Treasurer |
| Macaulay Dukes | Secretary |
| Tom Dent | Director |
| Jason Both | Director |
| Judy Warnick | Director |
| Denise Youell | Director |
| Leslie Thurston | Director |
Governance Policy Flags - Fiscal 2024
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyNo
Document Retention PolicyNo
Audited Financial StatementsNo
Board Size and Independence10 voting / 10 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2024
Grants Made - Fiscal 2024
This organization reported $0 in grants paid and filed no Schedule I for fiscal 2024. The page states that directly instead of leaving a blank grants section. Grantmaking organizations show a full recipient list in this section - recipient name, amount and stated purpose, as reported.
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2023 (Prior-Year Column on the Fiscal-2024 Filing) | $1,348,009 | - |
| Fiscal 2024 | $1,272,151 | -5.6% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jan 1, 2024 - Dec 31, 2024 | Form 990 | In Force - Filed Apr 30, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.