GLENEAYRE EQUESTRIAN PROGRAM INC (EIN 232513468) - 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

1988

Legal Domicile

Principal Officer

ELLEN J HEALEY

Phone

6092674104

Tax Period

2023-01-01 to 2023-12-31

GLENEAYRE EQUESTRIAN PROGRAM INC, founded in 1988, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $391K, a strong 23% operating margin.

Mission

THE GLENEAYRE EQUESTRIAN PROGRAM USES THE POWERFUL CONNECTION BETWEEN HORSES AND PEOPLE TO TEACH, LEARN, GROW AND HEAL. WE PROVIDE A SAFE HAVEN FOR OUR PROGRAM HORSES TO LIVE WITH DIGNITY, PEACE AND VETERINARY CARE FOR THE REMAINDER OF THEIR LIVES.

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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 $1,452,847

Program Service Revenue $252,104

Investment Income $5

Other Revenue $555

TOTAL REVENUE $1,705,511

Expense Breakdown

Grants Paid $448

Salaries & Benefits $310,045

Fundraising Expenses $211,698

Program Expenses $969,900

Other Expenses $1,004,411

TOTAL EXPENSES $1,314,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,705,511	$1,290,282	+0.3%
Expenses	$1,314,904	$1,322,306	0.0%
Net Income	$390,607	$-32,024	-13.2%

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

$90,275

Total Directors

$90,275

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT T HEALEY JR	TRUSTEE	2.00	Director	$0	$0	$0
JACK KRONENBERGER	TRUSTEE	2.00	Director	$0	$0	$0
BOB MARAS	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT PATTERSON	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM RUBE	EXECUTIVE DIRECTOR	40.00	Officer Director	$80,929	$9,346	$90,275
ALEXIS IACCARINO	TRUSTEE	2.00	Director	$0	$0	$0
EVAN P HUMBLE	TRUSTEE	2.00	Director	$0	$0	$0
KATHRYN W COYNE	TRUSTEE	2.00	Director	$0	$0	$0
ELLEN J HEALEY	FOUNDER/TRUSTEE	15.00	Officer	$0	$0	$0
ALICE FITZPATRICK	SECRETARY	4.00	Officer	$0	$0	$0
JEAN BRILES	TREASURER	4.00	Officer	$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	No data	No data	No data	No data
2023	$1,705,511	$1,314,904	$1,918,425	$390,607
2022	$1,290,282	$1,322,306	$1,532,047	$-32,024
2022	$1,290,282	$1,322,306	$1,532,047	$-32,024
2021	$1,630,279	$1,305,262	$1,561,801	$325,017
2020	$1,333,115	$1,227,647	$1,233,053	$105,468
2019	$1,589,979	$1,128,015	$1,087,427	$461,964
2018	$969,892	$1,039,239	$606,887	$-69,347

GLENEAYRE EQUESTRIAN PROGRAM INC