SECOND STRIDE INC

EIN: 202947614 501(c)(3) Philanthropy & Grantmaking

PROSPECT, KY

Total Revenue
$702,757
Total Expenses
$783,815
Total Assets
$364,513
Net Assets
$364,320
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
KY
Principal Officer
KIMBERLY S SMITH
Phone
5022418440
Tax Period
2023-01-01 to 2023-12-31

SECOND STRIDE INC, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $703K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $784K exceeded revenue, resulting in a 12% operating deficit.

Mission

WE PROVIDE PROFESSIONAL REHABILITATION, RETRAINING, AND PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES WITH QUALIFIED ADOPTERS. WE SPECIALIZE IN TRANSITIONING THOROUGHBREDS WITH THE PROPER CARE AND QUALITY TRAINING THEY NEED TO SUCCEED IN SOMETHING NEW.

Program Service Accomplishments

Program 1
Expenses: $661,610 Revenue: $150,921

SINCE OUR FOUNDING IN 2005, SECOND STRIDE INC HAS PLACED OVER 1,700 RETIRED THOROUGHBRED RACEHORSES IN NEED WITH QUALIFIED ADOPTERS THROUGHOUT THE UNITED STATES. IN 2023, 164 HORSES WERE TRANSITIONED...

Read more

SINCE OUR FOUNDING IN 2005, SECOND STRIDE INC HAS PLACED OVER 1,700 RETIRED THOROUGHBRED RACEHORSES IN NEED WITH QUALIFIED ADOPTERS THROUGHOUT THE UNITED STATES. IN 2023, 164 HORSES WERE TRANSITIONED INTO TRAINING FOR A NEW JOB AND ADOPTED INTO NEW, QUALIFIED HOMES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $625,412
Program Service Revenue $150,921
Investment Income $-58,269
Other Revenue $-15,307
TOTAL REVENUE $702,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $149,978
Fundraising Expenses $50,957
Program Expenses $661,610
Other Expenses $633,837
TOTAL EXPENSES $783,815

Year-over-Year Comparison

2023 2022 Change
Revenue $702,757 $617,003 +0.1%
Expenses $783,815 $500,279 +0.6%
Net Income $-81,058 $116,724 -1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
8
Independent Members
7
Employees
5
Volunteers
15

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
5
$28,120
Total Directors
8
$28,120
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY S SMITH PRESIDENT 40.00
Officer Director
$28,120 $0 $28,120
DR JEFF WILLARD DVM CHAIR 3.00
Officer Director
$0 $0 $0
LAURA FORBES ESQ CPA VICE CHAIR 2.00
Officer Director
$0 $0 $0
GLENN CURRY EA TREASURER 2.00
Officer Director
$0 $0 $0
LAUREN SMITH SECRETARY 2.00
Officer Director
$0 $0 $0
GARY PALMISANO DIRECTOR 1.00
Director
$0 $0 $0
SEAN BIERNE DIRECTOR 1.00
Director
$0 $0 $0
KAREN BABCOCK DIRECTOR 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $702,757 $783,815 $364,513 $-81,058
2022 $617,003 $500,279 $450,218 $116,724
2021 $501,419 $406,306 $341,490 $95,113
2020 $324,240 $318,651 $247,022 $5,589
2019 $319,080 $303,351 $243,093 $15,729
2018 $340,729 $298,527 $225,464 $42,202
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SECOND STRIDE INC with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.