PROJECT HORSESHOE FARM

EIN: 261396439 501(c)(3) Housing & Shelter

GREENSBORO, AL

Total Revenue
$1,362,442
Total Expenses
$1,222,680
Total Assets
$1,660,557
Net Assets
$1,638,800
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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
2007
Legal Domicile
AL
Principal Officer
JOHN A DORSEY
Phone
3345071767
Tax Period
2023-01-01 to 2023-12-31

PROJECT HORSESHOE FARM, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 10% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $797,129 Revenue: $72,101

ENHANCED INDEPENDENT LIVING HOUSING THAT SUPPORT WOMEN, INCLUDING THOSE WITH MENTAL ILLNESS; DAY HEALTH, WELLNESS, SOCIAL PROGRAMS AND ACTIVITIES FOR ADULTS;"HEALTH PARTNERS" PROGRAMS TO SUPPORT...

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ENHANCED INDEPENDENT LIVING HOUSING THAT SUPPORT WOMEN, INCLUDING THOSE WITH MENTAL ILLNESS; DAY HEALTH, WELLNESS, SOCIAL PROGRAMS AND ACTIVITIES FOR ADULTS;"HEALTH PARTNERS" PROGRAMS TO SUPPORT VULNERABLE OR ISOLATED ADULTS IN THE COMMUNITY;YOUTH PROGRAMS INCLUDING AFTER SCHOOL TUTORING, MENTORING, AND ENRICHMENT; LEADERSHIP DEVELOPMENT FOR RECENT GRADUATES, UNDERGRADUATES, HEALTH PROFESSION STUDENTS, ET AL INTERESTED IN COMMUNITY HEALTH; CIVIC ENGAGEMENT INCLUDING VOLUNTEER SUPPORT OF LOCAL ORGANIZATIONS AND COMMUNITY GROUPS

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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%)

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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

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Governance

Voting Members
6
Independent Members
6
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
7
$79,750
Total Directors
7
$79,750
Key Employees
0
$0
Highest Compensated
0
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
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