NEW ENGLAND MORGAN HORSE ASSOCIATION (EIN 020272095) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

JUDY CANDAGE

Phone

9787729034

Tax Period

2024-01-01 to 2024-12-31

NEW ENGLAND MORGAN HORSE ASSOCIATION, founded in 1966, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $973K left a modest 5% surplus.

Mission

TO PROMOTE THE MORGAN HORSE BREEDNEHMA PROMOTES THE MORGAN HORSE BREED AND PROVIDES FOR THE BETTERMENT OF THE CONDITION OF THOSE ENGAGED IN THE MORGAN HORSE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,140

Program Service Revenue $1,011,967

Investment Income $817

Other Revenue $0

TOTAL REVENUE $1,021,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $931,464

Other Expenses $973,409

TOTAL EXPENSES $973,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,021,924	$894,220	+0.1%
Expenses	$973,409	$885,007	+0.1%
Net Income	$48,515	$9,213	+4.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH GOVE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JUDITH CANDAGE	TREASURER	5.00	Officer Director	$0	$0	$0
CAROLYN SEBRING	PRESIDENT	5.00	Officer Director	$0	$0	$0
ELIZABETH Y FINA	DIRECTOR	2.00	Director	$0	$0	$0
SELINA SKELTON	SECRETARY	5.00	Officer Director	$0	$0	$0
AMANDA RYAN	PRESIDENT OF VERMONT MORGAN	2.00	Director	$0	$0	$0
JILLIAN MARKS	PRESIDENT OF MASS MORGAN	2.00	Director	$0	$0	$0
SUE OLIVER	PRESIDENT OF MAINE MORGAN HORSE CLUB	2.00	Director	$0	$0	$0
CHRISTOPHER TESLA	PRESIDENT CT MORGAN	2.00	Director	$0	$0	$0
PAULIE JOHNSON	PRESIDENT - GRANITE STATE	2.00	Director	$0	$0	$0
PATTI BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA LLOYD	DIRECTOR	2.00	Director	$0	$0	$0
AMY CHAMPION	DIRECTOR	2.00	Director	$0	$0	$0
JOAN P TRAVERS	DIRECTOR	2.00	Director	$0	$0	$0
ELSIE RODNEY	DIRECTOR	2.00	Director	$0	$0	$0
DEANNA LEVESQUE	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN COLLETON	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA SEBRING	DIRECTOR	2.00	Director	$0	$0	$0
JENNA BRITT	DIRECTOR	2.00	Director	$0	$0	$0
CHISTINE NAVA-MOULTHROP	DIRECTOR	2.00	Director	$0	$0	$0
MAURA SWEENEY-REEVE	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE BOBBI	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,021,924	$973,409	$276,129	$48,515
2023	$894,220	$885,007	$215,649	$9,213
2022	$808,808	$770,090	$208,626	$38,718
2021	$741,573	$677,295	$174,193	$64,278
2020	$89,408	$127,850	$190,797	$-38,442
2019	$753,780	$765,647	$165,417	$-11,867
2018	$725,934	$705,942	$174,194	$19,992

NEW ENGLAND MORGAN HORSE ASSOCIATION