SPIRIT REINS INC (EIN 061692909) - 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

2003

Legal Domicile

Principal Officer

RHONDA SMITH

Tax Period

2022-01-01 to 2022-12-31

SPIRIT REINS INC, founded in 2003, is a micro nonprofit that reported $19K in total revenue in fiscal year 2022. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $158K exceeded revenue, resulting in a 719% operating deficit.

Mission

SPIRIT REINS PARTNERS LICENSED THERAPISTS AND EQUINE PROFESSIONALS WITH HORSES TO PROVIDE COUNSELING SERVICES FOR CHILDREN AND FAMILIES IMPACTED BY TRAUMA. OUR UNIQUE AND EFFECTIVE THERAPY MODEL HELPS CHILDREN FEEL AND EXPERIENCE SAFETY, UNDO THE SHAME ASSOCIATED WITH EXPERIENCES BEYOND THEIR CONTROL, AND LEARN HOW TO BUILD HEALTHY RELATIONSHIPS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,678

Program Service Revenue $603

Investment Income $0

Other Revenue $0

TOTAL REVENUE $19,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,474

Fundraising Expenses $0

Program Expenses $108,301

Other Expenses $27,381

TOTAL EXPENSES $157,855

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,281	$415,655	-1.0%
Expenses	$157,855	$689,751	-0.8%
Net Income	$-138,574	$-274,096	-0.5%

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

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

$70,631

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINE WEIXEL	DIRECTOR OF	40.00	Officer	$39,405	$0	$39,405
RHONDA SMITH	EXECUTIVE DI	40.00	Officer	$31,226	$0	$31,226
JEFF HORN	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
PAT KOEN	BOARD MEMBER	N/A	Director	$0	$0	$0
LISA MATTHEWS	TREASURER	N/A	Officer 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
2022	$19,281	$157,855	No data	$-138,574
2021	$415,655	$689,751	$491,651	$-274,096
2020	$668,236	$962,719	$1,171,429	$-294,483
2019	$1,358,186	$1,076,933	$1,314,234	$281,253
2018	$1,305,928	$1,155,505	$714,783	$150,423

SPIRIT REINS INC