MUSTANGS FOREVER INC (EIN 200445652) - 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

Tax Period

2023-12-01 to 2024-11-30

MUSTANGS FOREVER INC, founded in 2003, is a small nonprofit in the Animal-Related sector that reported $390K in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. Net assets of $2.3M represent 72 months of operating reserves.

Mission

PROVIDE VETERINARY CARE, SHELTER FEEDING AND TRAINING OF WILD MUSTANGS PROCURED FROM THE BUREAU OF LAND MANAGEMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $352,370

Program Service Revenue $0

Investment Income $38,027

Other Revenue $0

TOTAL REVENUE $390,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,267

Fundraising Expenses $0

Program Expenses $390,194

Other Expenses $229,927

TOTAL EXPENSES $390,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$390,397	$201,101	+0.9%
Expenses	$390,194	$389,127	+0.0%
Net Income	$203	$-188,026	-1.0%

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

N/A

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
SHAWN HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
AUBREY HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
TYE STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
JIM BEHRENS	VICE PRESIDENT	1.00	Director	$0	$0	$0
ELIZABETH OLSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
KENNETH KENSING	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARSHA OLSON	SECRETARYTREASURER	40.00	Officer Director	$0	$0	$0
RANDY OLSON	EXECUTIVE DIRECTOR	30.00	Officer Director	$0	$0	$0
CARLOS CHAPA	2ND VICE PRESIDENT	1.00	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
2024	$390,397	$390,194	$2,335,967	$203
2023	$201,101	$389,127	$2,335,900	$-188,026
2022	$325,776	$431,763	$2,525,451	$-105,987
2021	$742,754	$563,670	$2,631,438	$179,084
2020	$1,344,915	$578,795	$2,452,280	$766,120
2018	$501,107	$277,745	$1,880,779	$223,362

MUSTANGS FOREVER INC