PROJECT HORSESHOE FARM (EIN 261396439) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

JOHN A DORSEY

Phone

3345071767

Tax Period

2023-01-01 to 2023-12-31

PROJECT HORSESHOE FARM, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $556K in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $226K, a strong 41% operating margin.

Mission

WORKING TOGETHER TO BUILD ON THE STRENGTHS OF THE COMMUNITY, TO IMPROVE THE QUALITY OF LIFE FOR VULNERABLE NEIGHBORS AND TO PREPARE SERVICE LEADERS FOR TOMORROW'S COMMUNITIES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,290,341

Program Service Revenue $72,101

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,362,442

Expense Breakdown

Grants Paid $274,951

Salaries & Benefits $298,833

Fundraising Expenses $13,347

Program Expenses $797,129

Other Expenses $648,896

TOTAL EXPENSES $1,222,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,362,442	$971,196	+0.4%
Expenses	$1,222,680	$951,769	+0.3%
Net Income	$139,762	$19,427	+6.2%

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

N/A

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

$79,750

Total Directors

$79,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN A DORSEY	DIRECTOR	30.00	Officer Director	$79,750	$0	$79,750
MICHAEL RYANS	BOARD MEMBER	3.00	Officer Director	$0	$0	$0
MARIETTA HOLMES	BOARD MEMBER	3.00	Officer Director	$0	$0	$0
TOM DWYER	BOARD MEMBER	3.00	Officer Director	$0	$0	$0
FRANCES ROBERTS	BOARD MEMBER	3.00	Officer Director	$0	$0	$0
SUSIE HARRIS	BOARD MEMBER	3.00	Officer Director	$0	$0	$0
MICHAEL HAMILTON	BOARD MEMBER	3.00	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	No data	No data	No data	No data
2023	$1,362,442	$1,222,680	$1,660,557	$139,762
2023	No data	No data	No data	No data
2022	$971,196	$951,769	$1,513,955	$19,427
2021	$815,677	$882,913	$1,486,378	$-67,236
2020	$854,862	$682,698	$1,563,938	$172,164
2019	$627,783	$461,124	$1,403,307	$166,659
2018	$556,115	$329,650	$1,241,738	$226,465

PROJECT HORSESHOE FARM