SECOND STRIDE INC (EIN 202947614) - 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

2005

Legal Domicile

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

OUR MISSION IS TO PROVIDE PROFESSIONAL REHABILITATION, RETRAINING, AND PLACEMENT OF RETIRED THOROUGHBRED RACEHORSES WITH QUALIFIED ADOPTERS

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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 $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

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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

$28,120

Total Directors

$28,120

Key Employees

Highest Compensated

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

SECOND STRIDE INC